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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Warehouses
208 1st Ave 216 Hallandale Beach, FL 33009-4002
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4136963
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
13,920 SF
Lot
0.47 ac (20,365 SF)
Zoning code
I-L
APN
51-42-28-02-0032
UPID
US18-4136963
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.93M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.89M
Owner & transaction history
1081 Flushing Avenue LLC · 1 yrs held
1081 Flushing Avenue LLC
since 2025
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
I-L · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.4M
+76.6%
Medical building
$4.9M
+34.9%
Retail stores
$4.9M
+34.4%
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 Hallandale Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale Beach 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
$4,875,000
ML approach
$4,925,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,620,000
Current use
INDUSTRIAL (GENERAL)
$6,395,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$4,885,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$4,865,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±10% · vs last sale $3.68M (Oct 21 2024)
Last sale anchor
$3.68M
Oct 21 2024
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
$279 / 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
$41,626
Tax year 2023
Assessed value
$1,898,040
Assessed 2023
Previous assessed
$1,742,820
+8.9% YoY
Effective rate
2.19%
On assessed value
Assessed land
$183,290
Assessed improvement
$1,714,750
Land market value
$183,290
Improvement market value
$1,714,750
Total market value
$1,898,040
Applied tax rate
2,513.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
13,920 SF
Lot
0.47 ac (20,365 SF)
Zoning code
I-L
APN
51-42-28-02-0032
UPID
US18-4136963
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-L · Hallandale Beach, FL
Zoning I-L · permitted uses
I-L · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
1081 Flushing Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
260 95TH ST STE #210, SURFSIDE, FL 33154-2807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
$3,675,000
1081 Flushing Avenue LLC
Fp Hallandale LLC
Special Warranty Deed
—
Nov 2, 2021
$3,650,000
Fp Hallandale LLC
Mmm Investments Corp
Warranty Deed
$2,555,000 · City National Bank Of Florida
Nov 2, 2021
—
Fp Hallandale LLC
Scott Milgram
Quit Claim Deed
related
—
Nov 17, 2020
—
Charlotte Miglram
Eugene Milgram
Quit Claim Deed
related
—
Apr 2, 2020
—
Charlotte Milgram
Freda Milgram
Quit Claim Deed
related
—
Aug 15, 2019
$100
Mmm Invs Corp
Peg 27 LLC
Warranty Deed
related
—
May 8, 2019
$1,000,000
Peg 27 LLC
Aldus Ents LLC
Warranty Deed
—
Dec 31, 2014
—
Aldus Ents LLC
Cerami Murray P Trust
Grant Deed
related
—
Aug 1, 2014
$750,000
Aldus Ents LLC
Cerami,joseph
Warranty Deed
—
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.
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