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    2121 Prospect Rd Tamarac, FL 33309-3039
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    2121 Prospect Rd Tamarac, FL 33309-3039

    View on Map
    • Office buildings
    • 12,887 SF
    • 2.17 lot acres
    Off-Market
    Property ID
    US18-4383036
    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.
    Value Estimations
    $3,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2121 Prospect Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    2.17 lot acres
    Property size
    12,887 SF
    Zone code
    BP
    Property type
    Office buildings
    APN
    49-42-17-12-0010
    APU
    494217120010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,229,000
      Market price range: $2.55M - $4.34M
      AI Estimate
      $2,129,000
      Market price range: $568k - $3.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,170,000
      Current use
      RETAIL STORES
      $4,890,000
      Change: +54% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.1718
    Latitude
    26.1841
    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
    $57,429
    $778,890
    $1,469,890
    $2,248,780
    -
    $778,890
    $1,469,890
    $2,248,780

    Comparable in this City

    • Value Estimation
      $15,865,000
      80,706 SF

      1475 62nd St

      OFFICE BUILDING (MULTI-STORY) • 80,706 SF
      1475 62nd St, Fort Lauderdale, FL 33309-1930
      View Details
    • Value Estimation
      $17,190,000
      82,145 SF

      1201 62nd St

      OFFICE BUILDING (MULTI-STORY) • 82,145 SF
      1201 62nd St, Fort Lauderdale, FL 33309-1906
      View Details
    • Value Estimation
      $875,000
      3,040 SF

      3799 Andrews Ave

      OFFICE BUILDING • 3,040 SF
      3799 Andrews Ave, Oakland Park, FL 33309-5261
      View Details
    • Value Estimation
      $41,860,000
      118,653 SF

      3400 Commercial Blvd

      OFFICE BUILDING (MULTI-STORY) • 118,653 SF
      3400 Commercial Blvd, Oakland Park, FL 33309-3421
      View Details
    • Value Estimation by Request
      158,876 SF

      500 62nd St Ste, Unit 550

      OFFICE BUILDING (MULTI-STORY) • 158,876 SF
      500 62nd St Ste, Fort Lauderdale, FL 33309-6135
      View Details
    • Value Estimation by Request
      1,000 SF

      3007 Commercial Blvd Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 1,000 SF
      3007 Commercial Blvd Ste, Fort Lauderdale, FL 33309-8501
      View Details

    Similar Nearby for Sale

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      103,809 SF

      Trafalgar Office Plaza For Sale

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      28,796 SF

      Oakland Park Office Retail Buildings

      Two buildings on 1.17 acres in Oakland Park, Florida.
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      103,809 SF

      Trafalgar Office Plaza For Sale

      Two-story office buildings with recent upgrades and flexible suite sizes.
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    • $13,000,000

      Renovated Atrium Office Building

      69,729 SF renovated office building on West Commercial Boulevard.
      2200 West Commercial Blvd, Fort Lauderdale, FL 33309
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    • Contact for pricing
      69,729 SF

      Renovated Atrium Office Building

      69,729 sq ft Fort Lauderdale office building for sale.
      2200 W Commercial Blvd, Fort Lauderdale, FL 33309
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    Similar Nearby for Lease

    • Contact for pricing

      Fort Lauderdale Multi-Tenant Office Building

      Two-story office building with recent upgrades and convenient highway access.
      2900 W Cypress Creek Rd, Fort Lauderdale, FL 33309
      View Details
    • $17 SF/Yr
      21,805 SF

      Fort Lauderdale Office Space Available

      Plug & Play sublease with amenities and highway access.
      1901 W Cypress Creek Rd, Fort Lauderdale, FL 33309
      View Details
    • $17 SF/Yr
      39,513 SF

      Renovated Office Building in Cypress Creek

      First-class, renovated office building near highways, airport, and amenities.
      6365 NW 6Th Way, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      15,009 SF

      Four-Story Office Building For Rent

      90,370 square foot office building with on-site fitness center.
      3230 W Commercial Blvd, Fort Lauderdale, FL 33309
      View Details
    • $15 SF/Yr
      1,403 SF

      Fort Lauderdale Office Building For Rent

      Four-story office building near Fort Lauderdale Executive Airport.
      3511 W Commercial Blvd, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      4,902 SF

      Fort Lauderdale Office Space Available

      10-story office building with high visibility and on-site transit.
      100 W Cypress Creek Rd, Fort Lauderdale, FL 33309
      View Details
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    2121 Prospect Rd
    Tamarac, FL 33309-3039
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    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
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