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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Turn key restaurants
219 3rd St Hallandale Beach, FL 33009-3402
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0923860
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2020
Construction
CONCRETE
Total area
14,520 SF
Lot
0.97 ac (42,312 SF)
Zoning code
CENTRAL RAC
APN
51-42-22-31-0050
UPID
US18-0923860
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Elaine Baker · 1 yrs held
Elaine Baker
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
CENTRAL RAC · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hallandale Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale Beach 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
$4,210,000
ML approach
$4,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10% · vs last sale $3.30M (Jun 1 2021)
Last sale anchor
$3.30M
Jun 1 2021
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
$259 / 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
$81,533
Tax year 2023
Assessed value
$4,033,590
Assessed 2023
Previous assessed
$4,800,250
-16.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$465,430
Assessed improvement
$3,568,160
Land market value
$465,430
Improvement market value
$3,568,160
Total market value
$4,033,590
Applied tax rate
2,513.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
14,520 SF
Lot
0.97 ac (42,312 SF)
Zoning code
CENTRAL RAC
APN
51-42-22-31-0050
UPID
US18-0923860
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CENTRAL RAC · Hallandale Beach, FL
Zoning CENTRAL RAC · permitted uses
CENTRAL RAC · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.97 ac
Current owner
From public records · entity-resolved
Elaine Baker
Individual
Mailing address
19790 W DIXIE HWYPH1, MIAMI, FL 33180-2277
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Elaine Baker
Elaine Sponder
Quitclaim Deed
related
—
Jun 1, 2021
$3,300,000
Icebox Ozfund LLC
Icebox Pantry Re LLC
Special Warranty Deed
$2,699,000 · Ocean Bank
Jun 24, 2019
$100
Icebox Pantry Re LLC
Hallandale Bch Cmnty Redev Agc
Grant Deed
related
$3,300,000 · Dfi Icebox LLC
Nov 9, 2015
$190,300
Hallandale Bch Cmnty Redev Agc
Csma Ft LLC
Warranty Deed
—
Jul 24, 2015
$385,000
Hallandale Beach Community Red
Schiemann,robin & Catherine
Warranty Deed
—
Oct 29, 2013
—
Robin Schiemann
Schiemann,ernest
Quit Claim Deed
related
—
Oct 8, 2013
$120,000
Five Ten Florida IV LLC
Berkshire Fund III LLC
Warranty Deed
—
Jul 9, 2013
$50,000
Berkshire Fund III LLC
Ernest Schiemann
Warranty Deed
—
—
—
Ernest Schiemann
—
Deed Of Trust
related
$97,000 · Novastar Mortgage
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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