2200 58th Ave West Park, FL 33023-3037
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Implied cap rate
9.60%
In-place · NOI ÷ last sale
Property ID
US18-9199008
Property summary
AI-generated overview
This exceptional 3,185-square-foot special purpose building, located at 2200 SW 58th Ave in West Park, Florida (zip code 33023), presents a unique opportunity for a single tenant. The property, identified by APN 514124030620, offers a substantial warehouse space ideal for various business needs. The layout includes a sizable work area, complemented by a convenient bathroom and kitchen. The building's single-tenant occupancy ensures exclusive use of the entire space, providing ample room for operations and storage. Its versatile design makes it suitable for a range of businesses seeking a functional and spacious location. The property's prime location in West Park, Florida offers easy access to major transportation routes, enhancing logistical efficiency. This is a must-see property for businesses seeking a significant footprint in a convenient and accessible location. The building's size and amenities make it an attractive option for companies requiring both workspace and storage capabilities. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is situated at latitude 25.9906289 and longitude -80.2030451.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
CONCRETE
Total area
3,185 SF
Lot
0.12 ac (5,397 SF)
Zoning code
TOC
APN
51-41-24-03-0620
UPID
US18-9199008
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
$530k
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$355k
Owner & transaction history
since 2025
Last sale
$835,000
4 recorded transactions
Zoning & alternative use
TOC · West Park, FL
General category
UNKNOWN
Top alternative use upside
Office building
$960,000
+6.6%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$355k
Value range
$320k – $391k
±10% around blend
Estimated value / SF
$111 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$320k
blend $355k
$391k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,185 SF
Lot area
0.12 ac
Year built
1971
Stories
1
APN
51-41-24-03-0620
Assessed value
$400,690
Annual tax
$8,948
3
Income approach: direct capitalization
Partial preview
Income approach indication
$530k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$570k
@ 6.5% CAP return
$530k
@ 7% CAP return
$490k
4
Sales comparison
Partial preview
Sales approach indication
$1.49M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 2,968 SF
2.3 mi away · 3,101 SF
3.1 mi away · 3,713 SF
5.1 mi away · 4,100 SF
5.8 mi away · 3,720 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$355k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 114 sales
$283
-61%
Submarket 261 sales
$316
-65%
County 1610 sales
$325
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+7%
vs current-use indication
Warehouse, Storage · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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 · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
9.60%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.60%
9.0%
NOI (est.)
$58k *
Last sale · Jun 2025
$835k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$609k
Move the market yield to see immediate price impact.
Value / SF
$191
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
9.10%9.60%10.10%
$53k
$578k
$548k
$521k
$58k
$642k
$609k
$579k
$64k
$707k
$670k
$637k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.20M
0.1 mi · Sep 2025 · $331/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,948
Tax year 2023
Assessed value
$400,690
Assessed 2023
Previous assessed
$367,130
+9.1% YoY
Effective rate
2.23%
On assessed value
Assessed land
$37,780
Assessed improvement
$362,910
Land market value
$37,780
Improvement market value
$362,910
Total market value
$400,690
Applied tax rate
3,513.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,185 SF
Lot
0.12 ac (5,397 SF)
Zoning code
TOC
APN
51-41-24-03-0620
UPID
US18-9199008
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC · West Park, FLZoning TOC · permitted uses
TOC · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
UNKNOWN
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 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
TOC
UNKNOWN
Jurisdiction
West Park, FL
Recorded code
TOC
Official district
TOC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOC in West Park, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
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.
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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.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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