Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2111 42nd Ct Lighthouse Point, FL 33064-9018

    • Sports & entertainment properties
    • 2,972 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4125142
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 2111 42nd Ct

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    2,972 SF
    Zone code
    RM-25
    Property type
    Sports & entertainment properties
    APN
    48-43-18-14-0021
    APU
    484318140021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lighthouse Point
    County
    Broward
    State
    Florida
    Longitude
    -80.0949
    Latitude
    26.2837
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,217
    $104,680
    $111,750
    $216,430
    -
    $104,680
    $111,750
    $216,430

    Comparable in this City

    • Value Estimation by Request
      1,058 SF

      401 34th St

      RECREATIONAL, ENTERTAINMENT • 1,058 SF
      401 34th St, Pompano Beach, FL 33064-2806
      View Details
    • Value Estimation
      $1,975,000
      40,730 SF

      4601 Federal Hwy

      SKATING RINK, ICE SKATING, ROLLER SKATING • 40,730 SF
      4601 Federal Hwy, Pompano Beach, FL 33064-6510
      View Details
    • Value Estimation by Request

      3210 Andrews Avenue Ext

      Distribution properties
      3210 Andrews Avenue Ext, Pompano Beach, FL 33064
      View Details
    • Value Estimation by Request
      0.09 Acres

      Federal Hwy

      VACANT COMMERCIAL LAND • 0.09 Acres
      Federal Hwy, Pompano Beach, FL 33064
      View Details
    • Value Estimation by Request
      1.69 Acres

      1501 Sample Rd

      VACANT COMMERCIAL LAND • 1.69 Acres
      1501 Sample Rd, Deerfield Beach, FL 33064
      View Details
    • Value Estimation by Request
      0.07 Acres

      701 Sample Rd

      VACANT COMMERCIAL LAND • 0.07 Acres
      701 Sample Rd, Deerfield Beach, FL 33064
      View Details

    Similar Nearby for Sale

    • $1,260,000
      3,261 SF

      Pompano Beach Multifamily Investment Opportunity

      Five-unit multifamily property in east Pompano Beach with long-term tenants.
      3440 NE 16Th Ter, Pompano Beach, FL 33064
      View Details
    • $2,250,000
      2,910 SF

      Waterfront Fourplex with Dock

      Waterfront fourplex in Lighthouse Point with dock and rental income.
      3860 NE 23Rd Ave, Lighthouse Point, FL 33064
      View Details
    • $3,600,000
      6,390 SF

      Waterfront Multifamily Building in Lighthouse Point

      Waterfront 5-unit building with deep-water access and redevelopment potential.
      2735 NE 28Th St, Pompano Beach, FL 33064
      View Details
    • Contact for pricing
      24,554 SF

      Pompano Beach Office Portfolio

      Office portfolio for sale in Palm Beach/Broward area.
      4701 N Federal Hwy, Pompano Beach, FL 33064
      View Details
    • Contact for pricing
      13,975 SF

      Pompano Beach Office Space Available

      13,975 SF office space for lease in Pompano Beach.
      555 SW 12Th Ave, Pompano Beach, FL 33064
      View Details
    • $150,000
      700 SF

      Lighthouse Point Tropical Oasis

      One-bedroom unit with modern amenities in Lighthouse Point.
      2151 NE 42Nd Ct, Lighthouse Point, FL 33064
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Renovated Apartment in Deerfield, FL

      Renovated two-bedroom apartment in a desirable Deerfield Beach location.
      550 NE 44Th St, Deerfield Beach, FL 33064
      View Details
    • Contact for pricing

      Pompano Beach Distribution Facility

      Industrial distribution facility in Pompano Beach, close to major highways.
      3250 Park Central Blvd N, Pompano Beach, FL 33064
      View Details
    • $17 SF/Yr
      19,856 SF

      Pompano Beach Industrial Space

      Industrial space available for lease in Pompano Beach, Florida.
      1260 NE 48Th St, Pompano Beach, FL 33064
      View Details
    • $2,400 /Mo

      Furnished Unit with Intracoastal View

      Furnished unit with screened porch overlooking Intracoastal waterway.
      3165 NE 48Th Ct, Lighthouse Point, FL 33064
      View Details
    • $12,000 /Mo
      12,502 SF

      Pompano Beach Flex/Showroom/Retail Space

      Spacious flex/showroom/retail space with ample parking in Pompano Beach.
      3749 N Federal Hwy, Pompano Beach, FL 33064
      View Details
    • $25 SF/Yr
      4,467 SF

      Pompano Beach Flex/Showroom Warehouse

      1,981 SF flex/showroom/warehouse space in Pompano Beach, FL.
      1901-1921 W Copans Rd, Pompano Beach, FL 33064
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2111 42nd Ct
    Lighthouse Point, FL 33064-9018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!