218 Commercial Blvd 108 Lauderdale by the Sea, FL 33308
Investment properties
Google Maps
Entity Owned
8-yr Hold
~
Est. High Equity
For Lease
1 / 50
$25 SF/Yr
218 Commercial Blvd,Unit 108, Lauderdale by the Sea, FL 33308
View Listing →
Estimated value (blended)
$4.99M
Range $4.49M – $5.49M (±10%)
Property ID
US18-4658467
Property summary
AI-generated overview
Seagrape Commons, a highly visible Class B building in Oakland Park, Florida (33334), offers 5,486 square feet of vacant creative office space. Located at 218-222 E Commercial Boulevard, this multi-tenant property boasts a prime location just a three-block walk from the beach in Lauderdale-by-the-Sea. The building features a mix of retail, office, and restaurant spaces, creating a vibrant and convenient environment. Units range from a minimum of 264 square feet to a maximum contiguous space of 2,195 square feet, providing flexibility for various business needs. Amenities include ample parking and expansive natural light. The property is situated near popular local businesses such as Basilic, Billy Jack's Pump Sushi, and Dr. Juice, ensuring high visibility and foot traffic. The open floor plans and competitive rates make this an attractive opportunity for businesses seeking a unique and desirable location. Several suites are currently available. This is a retail and office property with full-size spaces and executive office suites.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1972
Construction
CONCRETE
Total area
19,664 SF
Lot
0.36 ac (15,479 SF)
Zoning code
B-1
APN
49-43-18-01-3550
UPID
US18-4658467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.99M
Owner & transaction history
since 2018
5 recorded transactions
Zoning & alternative use
B-1 · Lauderdale By The Sea, FL
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.99M
Value range
$4.49M – $5.49M
±10% around blend
Estimated value / SF
$254 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$4.49M
blend $4.99M
$5.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,664 SF
Lot area
0.36 ac
Year built
1972
Stories
2
APN
49-43-18-01-3550
Assessed value
$2,458,030
Annual tax
$49,677
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.64M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.03M
@ 6.5% CAP return
$4.64M
@ 7% CAP return
$4.31M
4
Sales comparison
Partial preview
Sales approach indication
$5.80M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.9 mi away · 14,430 SF
17.4 mi away · 21,240 SF
18.8 mi away · 14,700 SF
19.0 mi away · 21,005 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$424
-40%
Submarket 236 sales
$518
-51%
County 497 sales
$485
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $254/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.46M
Move the market yield to see immediate price impact.
Value / SF
$125
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$155k
$3.10M
$2.21M
$1.72M
$172k
$3.44M
$2.46M
$1.91M
$189k
$3.79M
$2.70M
$2.10M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$3.42M
2.9 mi · Sep 2025 · $222/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,677
Tax year 2023
Assessed value
$2,458,030
Assessed 2023
Previous assessed
$2,333,750
+5.3% YoY
Effective rate
2.02%
On assessed value
Assessed land
$775,030
Assessed improvement
$1,683,000
Land market value
$775,030
Improvement market value
$1,683,000
Total market value
$2,458,030
Applied tax rate
211.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
10
Total area
19,664 SF
Lot
0.36 ac (15,479 SF)
Zoning code
B-1
APN
49-43-18-01-3550
UPID
US18-4658467
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Lauderdale By The Sea, FLZoning B-1 · permitted uses
B-1 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
10
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-1
COMMERCIAL
Jurisdiction
Lauderdale By The Sea, FL
Recorded code
B-1
Official district
B-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Lauderdale By The Sea, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
