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Property profile & analytics
FOR LEASE
Marinas
2051 Griffin Rd Fort Lauderdale, FL 33312
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5934889
For Lease
1 / 10
$695,000
2051 Griffin Rd, Fort Lauderdale, FL 33312
View Listing →
Property profile
Verified
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Year built
1957
Construction
CONCRETE
Total area
11,331 SF
Lot
2.18 ac (94,977 SF)
Zoning code
IROM-AA
APN
50-42-28-01-0150
UPID
US18-5934889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Discount Truck Parking Griffin RD Parking Lot & Garage Gas Station
-
Eye Max Optometry Physician
-
Authentically You KC Wedding Service Event Planning
-
Megasails - Yacht Broker (Bike/Boat/Book/etc) Store
-
Ocean Breeze Mechanical HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$695k
Owner & transaction history
2051 Griffin Road LLC · 7 yrs held
2051 Griffin Road LLC
since 2019
6 recorded transactions
Zoning & alternative use
IROM-AA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,659
Tax year 2023
Assessed value
$1,104,680
Assessed 2023
Previous assessed
$1,104,680
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$1,044,750
Assessed improvement
$59,930
Land market value
$1,044,750
Improvement market value
$59,930
Total market value
$1,104,680
Applied tax rate
413.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Status
For Lease
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
11,331 SF
Lot
2.18 ac (94,977 SF)
Zoning code
IROM-AA
APN
50-42-28-01-0150
UPID
US18-5934889
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IROM-AA · Fort Lauderdale, FL
Zoning IROM-AA · permitted uses
IROM-AA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
2051 Griffin Road LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2550 MIAMI RD, FORT LAUDERDALE, FL 33316-3974
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2019
$100
2051 Griffin Road LLC
2051 Griffin Road LLC
Warranty Deed
related
—
Dec 24, 2014
$1,900,000
Ds Investments I LLC
Thunderboat Marine Center INC
Grant Deed
—
Dec 24, 2014
—
2051 Griffin Road LLC
Ds Investments I LLC
Quit Claim Deed
related
—
Jan 10, 2007
$6,000,000
Thunderboat Marine Ctr INC
Owner,record
Warranty Deed
—
—
—
2051 Griffin Road LLC
—
Deed Of Trust
related
$3,000,000 · Bank Leumi USA
—
—
Thunderboat Marina INC
—
Deed Of Trust
related
$1,425,563 · Karl Thomas
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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