Back to Search
Property profile & analytics
OFF-MARKET
Industrial land
2226 56th Ter West Park, FL 33023-3014
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7475726
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.15 ac (6,522 SF)
Zoning code
M-2
APN
51-41-24-03-1400
UPID
US18-7475726
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bajoo,errol L · 14 yrs held
Bajoo,errol L
since 2011
7 recorded transactions
Zoning & alternative use
M-2 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Manufacturing And Industrial District
General category
INDUSTRIAL
Zone area
24.81 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,686
Tax year 2023
Assessed value
$143,480
Assessed 2023
Previous assessed
$110,870
+29.4% YoY
Effective rate
1.87%
On assessed value
Assessed land
$143,480
Land market value
$143,480
Total market value
$143,480
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.15 ac (6,522 SF)
Zoning code
M-2
APN
51-41-24-03-1400
UPID
US18-7475726
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Park, FLZoning 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
Zone name
General Manufacturing And Industrial District
General category
INDUSTRIAL
Zone area
24.81 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bajoo,errol L
Individual
Mailing address
2698 SW 81ST AVE, MIRAMAR, FL 33025-6706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Drost,ronald J Trust
—
Deed
related
$28,650 · Errol L Bajoo
Aug 25, 2011
$50,000
Bajoo,errol L
Drost,ronald J
Warranty Deed
$40,000 · Ronald J Drost
Feb 1, 2010
$50,000
Drost Ronald J Trust
Etienne,jacque
Warranty Deed
—
Aug 19, 2004
$50,000
Jacques Pierre
New System Auto Sales INC
Warranty Deed
—
Aug 4, 2004
$50,000
New System Auto Sales INC
Milrip Corp
Warranty Deed
—
Aug 4, 2004
—
New System Auto Sales INC
Rosichan,shirley A
Warranty Deed
related
—
—
—
Drost,ronald J Trust
—
Loan Modification
related
$28,650 · Errol L Bajoo
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2226 56th Ter?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
