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Property profile & analytics
OFF-MARKET
Estimated value
$18,495,000
Warehouses
2100 71st Ter 2290 Davie, FL 33317-7303
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3964212
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
CONCRETE
Total area
59,186 SF
Lot
4.83 ac (210,210 SF)
Zoning code
RAC-RTW
APN
50-41-15-22-0010
UPID
US18-3964212
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
$11.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.61M
Blend (final)
Blend
$18.50M
Owner & transaction history
Lrf3 Mia 71st Terrace LLC · 2 yrs held
Lrf3 Mia 71st Terrace LLC
since 2023
Last sale
$18.3M
3 recorded transactions
Zoning & alternative use
RAC-RTW · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.5M
+47.3%
Industrial (general)
$27.2M
+45.4%
Office building
$24.7M
+32.1%
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
$18,825,000
ML approach
$11,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,700,000
Current use
COMMERCIAL (GENERAL)
$27,540,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$27,195,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$24,700,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$20,770,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$18.50M
Range $16.65M – $20.34M · ±10% · vs last sale $18.27M (Dec 8 2023)
Last sale anchor
$18.27M
Dec 8 2023
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
$312 / 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
$227,690
Tax year 2023
Assessed value
$10,535,380
Assessed 2023
Previous assessed
$9,048,700
+16.4% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,681,680
Assessed improvement
$8,853,700
Land market value
$1,681,680
Improvement market value
$8,853,700
Total market value
$10,535,380
Applied tax rate
2,412.0000
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
19
Total area
59,186 SF
Lot
4.83 ac (210,210 SF)
Zoning code
RAC-RTW
APN
50-41-15-22-0010
UPID
US18-3964212
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-RTW · Davie, FL
Zoning RAC-RTW · permitted uses
RAC-RTW · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$27.5M
INDUSTRIAL (GENERAL)
Est. value
$27.2M
OFFICE BUILDING
Est. value
$24.7M
MEDICAL BUILDING
Est. value
$20.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
19
Lot
4.83 ac
Current owner
From public records · entity-resolved
Lrf3 Mia 71st Terrace LLC
Entity
Free & Clear · 2 yrs held
Mailing address
116 HUNTINGTON AVE STE #1001, BOSTON, MA 02116-5768
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$18,273,300
Lrf3 Mia 71st Terrace LLC
Spg Trust Corp
Special Warranty Deed
—
Nov 14, 2007
—
Spg Nova 95 Trust
Nova 95 INC
Quit Claim Deed
—
—
—
Nova 95 INC
—
Deed Of Trust
related
$5,000,000 · J P Morgan Chase Bank
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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