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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    218 Commercial Blvd, Unit 108 Lauderdale by the Sea, FL 33308

    • Investment properties
    • 19,664 SF
    • 0.36 lot acres
    For Lease
    View listing
    $1,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4658467
    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

    • Investment properties

    Property Details for 218 Commercial Blvd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.36 lot acres
    Property size
    19,664 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    49-43-18-01-3550
    APU
    494318013550

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,030,000
      6.5%
      $4,640,000
      7%
      $4,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,889,000
      Market price range: $3.37M - $13.0M
      AI Estimate
      $5,433,000
      Market price range: $2.67M - $14.9M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,845,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale By The Sea
    County
    Broward
    State
    Florida
    Longitude
    -80.0979
    Latitude
    26.1896
    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
    $49,677
    $775,030
    $1,683,000
    $2,458,030
    -
    $775,030
    $1,683,000
    $2,458,030

    Comparable in this City

    • Value Estimation
      $2,440,000
      6,427 SF

      2811 Commercial Blvd, Unit 2841

      STORE/OFFICE (MIXED USE) • 6,427 SF
      2811 Commercial Blvd, Fort Lauderdale, FL 33308-4205
      View Details
    • Value Estimation
      $1,090,000
      2,363 SF

      3300 Oakland Park Blvd

      STORE/OFFICE (MIXED USE) • 2,363 SF
      3300 Oakland Park Blvd, Fort Lauderdale, FL 33308-7217
      View Details
    • Value Estimation
      $3,610,000
      11,047 SF

      4001 Federal Hwy, Unit 4011

      STORE/OFFICE (MIXED USE) • 11,047 SF
      4001 Federal Hwy, Oakland Park, FL 33308-5528
      View Details
    • Value Estimation
      $1,640,000
      5,239 SF

      253-257 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 5,239 SF
      253-257 Commercial Blvd, Lauderdale By The Sea, FL 33308
      View Details
    • Value Estimation
      $735,000
      1,610 SF

      3418 Ocean Blvd

      STORE/OFFICE (MIXED USE) • 1,610 SF
      3418 Ocean Blvd, Fort Lauderdale, FL 33308-6902
      View Details
    • Value Estimation
      $11,280,000
      44,080 SF

      2419 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 44,080 SF
      2419 Commercial Blvd, Fort Lauderdale, FL 33308-4064
      View Details

    Similar Nearby for Sale

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      Saban Building: Medical Office Investment

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      Fort Lauderdale Freestanding Commercial Building

      Freestanding building on a popular corner with high visibility.
      5401 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      10,500 SF

      Fort Lauderdale Retail Space For Lease

      Prime Retail Space, 10,500 SF, High Visibility
      5200 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $23 SF/Yr
      44,127 SF

      Fort Lauderdale Retail & Office Space

      Prime location, flexible suites available
      6245 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on N Ocean

      Retail space for lease in Fort Lauderdale's Galt Ocean.
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    • $25 SF/Yr
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      Office Space Near Holy Cross

      Office space for lease near Holy Cross Hospital campus.
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      View Details
    • $16,000,000
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      Renovated Office Space with Lake Views

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      View Details
    • $35 SF/Yr
      6,000 SF

      Retail Space For Lease

      Retail space available for lease.
      6200-6310 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
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    Lauderdale by the Sea, FL 33308
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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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