Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 38th St, Unit 2218 Fort Lauderdale, FL 33312-5124

    • Warehouses
    • 3,900 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2020
    $600,000
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    5.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-5322777
    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

    • Deli Subs / Big Box & Wholesale Store

    Property Details for 2216 38th St

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    3,900 SF
    Zone code
    IROM-AA
    Property type
    Warehouses
    APN
    50-42-29-37-0020
    APU
    504229370020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,202,000
      Market price range: $1.07M - $2.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,550,000
      Current use
      RETAIL STORES
      $1,590,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $1,500,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1702
    Latitude
    26.0743
    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
    $12,298
    $74,080
    $535,930
    $610,010
    -
    $74,080
    $535,930
    $610,010

    Comparable in this City

    • Value Estimation
      $2,845,000
      16,200 SF

      4100 Ravenswood Rd

      WAREHOUSE, STORAGE • 16,200 SF
      4100 Ravenswood Rd, Fort Lauderdale, FL 33312-5306
      View Details
    • Value Estimation
      $4,600,000
      31,037 SF

      4080 Ravenswood Rd

      MINI-WAREHOUSE, STORAGE • 31,037 SF
      4080 Ravenswood Rd, Fort Lauderdale, FL 33312-5343
      View Details
    • Value Estimation
      $13,310,000
      86,576 SF

      3801 3899th Sw 30th Ave

      WAREHOUSE, STORAGE • 86,576 SF
      3801 3899th Sw 30th Ave, Hollywood, FL 33312
      View Details
    • Value Estimation
      $1,805,000
      6,900 SF

      3782 30th Ave

      WAREHOUSE, STORAGE • 6,900 SF
      3782 30th Ave, Fort Lauderdale, FL 33312-6701
      View Details
    • Value Estimation
      $2,025,000
      6,845 SF

      3700 30th Ave, Unit 3702

      WAREHOUSE, STORAGE • 6,845 SF
      3700 30th Ave, Fort Lauderdale, FL 33312-6707
      View Details
    • Value Estimation
      $955,000
      3,082 SF

      3786 30th Ave

      WAREHOUSE, STORAGE • 3,082 SF
      3786 30th Ave, Fort Lauderdale, FL 33312-6701
      View Details

    Similar Nearby for Sale

    • $790,000

      Dania Beach Flex Warehouse Condo

      Well-positioned industrial condo near I-95, Fort Lauderdale Airport, and Port Everglades.
      2860 113 Ave, Fort Lauderdale, FL 33312
      View Details
    • $2,799,999
      11,381 SF

      Fort Lauderdale Industrial Warehouse

      11,381 SF Warehouse, 5 Bays, $2.8M
      3905-3913 12Th Ct, Fort Lauderdale, FL 33312
      View Details
    • $26,900,000
      45,220 SF

      I-95 Frontage Signature Property

      Unique property with I-95 frontage and dockage.
      2051 Griffin Rd, Fort Lauderdale, FL 33312
      View Details
    • $3,000,000

      Dania Beach Warehouse Corner Unit

      17,057 sqft warehouse near Fort Lauderdale Airport with office space.
      Dania Beach, FL 33312
      View Details
    • Contact for pricing
      51,574 SF

      Freestanding Industrial Warehouse in Dania

      51,574 SF industrial warehouse with superior regional connectivity.
      3410 SW 26Th Ter, Fort Lauderdale, FL 33312
      View Details
    • $910,000
      1,978 SF

      Dania Beach Flex Warehouse

      Flex warehouse in Dania Beach with immediate highway access.
      2860 W State Road 84, Fort Lauderdale, FL 33312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      140,634 SF

      Seagis Port 95 Warehouse Space

      Fort Lauderdale industrial warehouse, multiple units available.
      3400-3406 26Th Ter, Fort Lauderdale, FL 33312
      View Details
    • $21 SF/Yr
      1,530 SF

      Industrial Warehouse Complex For Rent

      Industrial warehouse complex with flexible unit sizes and modern amenities.
      3748-3798 NW 16Th St, Lauderhill, FL 33312
      View Details
    • $18 SF/Yr

      Fort Lauderdale Industrial Sublease Opportunity

      Sublease with office/showroom and warehouse space, convenient location.
      3400 SW 26Th Ter, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing
      125,900 SF

      Fort Lauderdale Warehouse Space Available

      Modern Broward County warehouse, 13,601 sq ft.
      3951 30Th Ave, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing
      7,700 SF

      Fort Lauderdale Industrial Warehouse

      7,700 SF Warehouse, 1.89 Acres
      2765 36Th St, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing
      16,494 SF

      Fort Lauderdale Warehouse Space Available

      Warehouse space available for lease in Fort Lauderdale, Florida.
      3400-3490 Sw 30Th Ave, Fort Lauderdale, FL 33312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2216 38th St, Unit 2218
    Fort Lauderdale, FL 33312-5124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.