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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Warehouses
2209 57th Way West Park, FL 33023-3028
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2488756
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Year built
2011
Lot
0.27 ac (11,835 SF)
Zoning code
M-2
APN
51-41-24-03-1020
UPID
US18-2488756
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
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Alvarez,berto Trust · 5 yrs held
Alvarez,berto Trust
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
M-2 · West Park, 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 West Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Park 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
$2,450,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.52M (Sep 8 2020)
Last sale anchor
$1.52M
Sep 8 2020
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
—
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
$5,000
Tax year 2023
Assessed value
$261,720
Assessed 2023
Previous assessed
$202,550
+29.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$260,370
Assessed improvement
$1,350
Land market value
$260,370
Improvement market value
$1,350
Total market value
$261,720
Applied tax rate
3,513.0000
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
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Status
Off-Market
Year built
2011
Heating
NONE
Lot
0.27 ac (11,835 SF)
Zoning code
M-2
APN
51-41-24-03-1020
UPID
US18-2488756
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Park, FL
Zoning M-2 · permitted uses
M-2 · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Alvarez,berto Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1900 E SIERRA RNCH DR, DAVIE, FL 33324-4237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Alvarez,berto Trust
Berto Alvarez
Correction Deed
related
—
Sep 8, 2020
$1,590,000
Afthonia Holdings LLC
Perfect Views LLC
Warranty Deed
related
$815,000 · Truist Bk
Apr 13, 2018
$1,500,000
Perfect Views LLC
Alvarez Berto Trust
Trustees Deed
$1,265,000 · Big Bang Building LLC
Nov 2, 2016
—
Alvarez,berto Trust
Alvarez,berto
Quit Claim Deed
related
—
May 11, 2011
$135,000
Berto Alvarez
Domanico,michael
Warranty Deed
—
Apr 2, 2007
$305,000
Michael Domanico
Ryen LLC
Warranty Deed
$186,000 · Ryen LLC
Jan 18, 2007
—
Ryen LLC
Allied Charter & Tours INC
Warranty Deed
related
—
Feb 23, 2005
—
Ryen LLC
Rowe,jermaine
Quit Claim Deed
related
—
Feb 23, 2005
$195,000
Ryen LLC
Allied Charter & Toures INC
Warranty Deed
—
Sep 12, 2003
$122,500
Allied Charter & Tours INC
Caparelli,ernest
Grant Deed
$72,000 · Home Equity 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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