Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2240 34th St Fort Lauderdale, FL 33312-5049
    Property profile & analytics

    2240 34th St, Fort Lauderdale, FL 33312-5049

    View on Map
    • Manufacturing properties
    • 11,289 SF
    • 0.48 lot acres
    Off-Market
    Last Sale Jul 21, 2025
    $2,650,000
    Property ID
    US18-1307623
    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.
    Value Estimations
    $2,830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sani Kan Underground Garbage / Industrial Manufacturer / Production Facility
    • Broward Casting Foundry / Gatto Furniture Industries / Industrial Manufacturer / Production Facility
    • Broward Casting Foundry / Corporate Office
    • NautiReflections / Artist

    Property Details for 2240 34th St

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Zone code
    IROM-AA
    Property type
    Manufacturing properties
    APN
    50-42-20-00-0665
    APU
    504220000665

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 21, 2025 $2,650,000 Oldwater Canyon Trust Broward Casting Foundry INC Warranty Deed —
    May 30, 2025 — Broward Casting Foundry INC Grace Lynn Gatto Deed —
    Dec 4, 2024 — Grace Lynn Gatto Broward Casting Foundry INC Quitclaim Deed · related —
    Aug 12, 1999 $335,000 Broward Casting Foundry INC Gatto,ronald J Grant Deed $251k · Seller
    — — Broward Casting Foundry INC — Loan Modification · related $100k · Regions Bk
    — — Broward Casting Foundry INC — Deed Of Trust · related $102k · Regions Bank
    — — Broward Casting Foundry INC — Deed Of Trust · related $50k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,715,000
      6.5%
      $2,510,000
      7%
      $2,330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,502,000
      Market price range: $1.94M - $9.75M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,600,000
      WAREHOUSE, STORAGE
      $4,480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1714
    Latitude
    26.08
    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
    $0.00
    $168,000
    $987,560
    $1,155,560
    -
    $168,000
    $987,560
    $1,155,560

    Comparable in this City

    • Value Estimation
      $3,515,000
      24,392 SF

      2850 Ravenswood Rd

      MANUFACTURING (LIGHT)
      2850 Ravenswood Rd, Fort Lauderdale, FL 33312-4920
      View Details
    • Value Estimation
      $29,790,000
      50,176 SF

      3225 State Rd 84

      SHIPYARD - BUILT OR REPAIRED
      3225 State Rd 84, Davie, FL 33312-4817
      View Details
    • Value Estimation
      $1,825,000
      11,289 SF

      2300 34th St

      MANUFACTURING (LIGHT)
      2300 34th St, Fort Lauderdale, FL 33312-5061
      View Details
    • Value Estimation
      $2,445,000
      16,543 SF

      5757 Ravenswood Rd

      MANUFACTURING (LIGHT)
      5757 Ravenswood Rd, Fort Lauderdale, FL 33312-6603
      View Details
    • Value Estimation
      $1,525,000
      10,488 SF

      2850 Ravenswood Rd

      MANUFACTURING (LIGHT)
      2850 Ravenswood Rd, Fort Lauderdale, FL 33312-4920
      View Details
    • Value Estimation
      $6,545,000
      36,686 SF

      3050 42nd St

      MANUFACTURING (LIGHT)
      3050 42nd St, Fort Lauderdale, FL 33312-6803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,749 SF

      Warehouse Corner Unit Near Airport

      17,057 sqft warehouse with office space near Fort Lauderdale Airport.
      2180 SW 38Th St, Dania Beach, FL 33312
      View Details
    • Contact for pricing
      2,640 SF

      Industrial Flex Condo For Sale

      Well-maintained industrial flex condo in Port 95 Commerce Park.
      3718 SW 30Th Ave, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing

      Dania Beach Warehouse/Office Space

      Multi-tenant warehouse with dock loading, near major transportation hubs.
      3400-3406 SW 26Th Ter, Dania Beach, FL 33312
      View Details
    • Contact for pricing

      Dania Beach Warehouse Space Available

      Warehouse space with easy access to major expressways and airport.
      2363 Stirling Rd, Dania Beach, FL 33312
      View Details
    • $26,900,000

      I-95 Frontage Signature Property

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

    Similar Nearby for Lease

    • Contact for pricing
      7,700 SF

      Dania Beach Industrial Site

      Single-tenant industrial site with warehouse and office space for lease.
      2765 SW 36Th St, Dania Beach, FL 33312
      View Details
    • Contact for pricing

      New Industrial-Warehouse Development For Rent

      Class-A industrial-warehouse development in Broward County, delivering Q1 2027.
      4491 Anglers Ave, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing

      Fort Lauderdale Industrial Distribution Facility

      Industrial space available near Fort Lauderdale/Hollywood Airport and Port Everglades.
      3301-3499 SW 42Nd St, Fort Lauderdale, FL 33312
      View Details
    • $17 SF/Yr
      31,141 SF

      Industrial Space in Port 95

      31,141 SF industrial space available for lease.
      4140 Southwest 42Nd St, Fort Lauderdale, FL 33312
      View Details
    • Contact for pricing

      Dania Beach Warehouse Space Available

      Warehouse space in Dania Beach near major transportation hubs.
      2345 Stirling Rd, Dania Beach, FL 33312
      View Details
    • Contact for pricing
      24,889 SF

      Port 95 Industrial Sublease Opportunity

      High-quality industrial space with exceptional access to transportation corridors.
      3249 SW 42Nd St, 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.
    2240 34th St
    Fort Lauderdale, FL 33312-5049
    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

    Thank You for Inquiry
    2240 34th St, Fort Lauderdale, FL, 33312
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!