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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Industrial properties
2101 Andrews Ave Fort Lauderdale, FL 33316-3468
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0993976
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1983
Construction
CONCRETE
Total area
8,139 SF
Lot
0.51 ac (22,154 SF)
Zoning code
SRAC-SAE
APN
50-42-15-15-0010
UPID
US18-0993976
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
-
FedEx Drop Box Postal Service Courier Service
-
Lori J. Butts, JD Physician Medical Clinic
-
Smith David R Law Firm
-
Neal Watson's Undersea Adventures Travel Agency Tour Operator
-
Moss Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$2.87M
Owner & transaction history
Andrews Apartments LLC · 2 yrs held
Andrews Apartments LLC
since 2024
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
SRAC-SAE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+1.4%
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 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
$2,870,000
ML approach
$2,870,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,215,000
Current use
OFFICE BUILDING
$4,275,000
Change: +1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,825,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$3,795,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$3,650,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $2.87M (Feb 15 2024)
Last sale anchor
$2.87M
Feb 15 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
$353 / 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
$39,696
Tax year 2023
Assessed value
$1,950,770
Assessed 2023
Previous assessed
$1,950,770
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$443,080
Assessed improvement
$1,507,690
Land market value
$443,080
Improvement market value
$1,507,690
Total market value
$1,950,770
Applied tax rate
312.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
8,139 SF
Lot
0.51 ac (22,154 SF)
Zoning code
SRAC-SAE
APN
50-42-15-15-0010
UPID
US18-0993976
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SRAC-SAE · Fort Lauderdale, FL
Zoning SRAC-SAE · permitted uses
SRAC-SAE · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Andrews Apartments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
613 NW 3RD AVE STE #104, FORT LAUDERDALE, FL 33311-7593
Ownership since
2024
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
Feb 15, 2024
$2,872,200
Andrews Apartments LLC
3921 Associates
Special Warranty Deed
—
Dec 13, 2021
$2,037,000
3921 Associates
Edward A Matson
Warranty Deed
$1,322,000 · Edward A Matson Trust
Dec 17, 2020
—
Carl D Perry
Carl D Perry
Quit Claim Deed
related
—
Feb 25, 2014
—
Matson,edward A Trust
Gambill Jay J
Quit Claim Deed
related
—
—
—
Matson,edward A Trust
—
Loan Modification
related
$403,607 · Regions Bk
—
—
Matson,tr
—
Deed Of Trust
related
$550,000 · Union Planters National 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.
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