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Property profile & analytics
FOR SALE
Commercial land
Fort Lauderdale, FL 33311
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4931198
For Sale
1 / 22
$500,000
Fort Lauderdale, FL 33311
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Total area
2,041 SF
Lot
0.12 ac (5,103 SF)
Zoning code
NWRAC-MUW
APN
50-42-05-01-0980
UPID
US18-4931198
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
Okan Torun · 2 yrs held
Okan Torun
since 2024
Last sale
$200,000
6 recorded transactions
Zoning & alternative use
NWRAC-MUW · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
strict M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District NWRAC-MUe - North West Regional Activity Center-Mixed Use east NWRAC-MUne - North West Regional Activity Center-Mixed Use northeast NWRAC-MUw - North West Regional Activity Center-Mixed Use west P - Parks Recreation and Open Space PCC - Planned Commerce Center PDD - Plann…
Zone name
North West Regional Activity Center Mixed Use West
General category
MIXED_USE
Zone area
64.99 ac
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$1,385
Tax year 2023
Assessed value
$112,270
Assessed 2023
Previous assessed
$112,270
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$112,270
Land market value
$112,270
Total market value
$112,270
Applied tax rate
312.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1962
Heating
NONE
Cooling
YES
Total area
2,041 SF
Lot
0.12 ac (5,103 SF)
Zoning code
NWRAC-MUW
APN
50-42-05-01-0980
UPID
US18-4931198
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWRAC-MUW · Fort Lauderdale, FLZoning NWRAC-MUW · permitted uses
NWRAC-MUW · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
strict M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District NWRAC-MUe - North West Regional Activity Center-Mixed Use east NWRAC-MUne - North West Regional Activity Center-Mixed Use northeast NWRAC-MUw - North West Regional Activity Center-Mixed Use west P - Parks Recreation and Open Space PCC - Planned Commerce Center PDD - Planned Development District PEDD - Port Everglades Development District PRD - Planned Resort
Zone name
North West Regional Activity Center Mixed Use West
General category
MIXED_USE
Zone area
64.99 ac
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Lot
0.12 ac
Current owner
From public records · entity-resolved
Okan Torun
Individual
Mailing address
432 NW 70TH AVE, PLANTATION, FL 33317-7580
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$200,000
Okan Torun
Vacant Land Men LLC
Warranty Deed
$100,000 · Vacant Land Men LLC
Apr 4, 2023
$140,000
Vacant Land Men LLC
L T B Services INC
Warranty Deed
—
Dec 26, 2018
$65,000
Ltb Electrical Services INC
Khan,mohamad A & Adrienne M
Warranty Deed
—
Oct 26, 2018
$50,000
Mohammad A Khan
Adams,lucille G
Warranty Deed
—
Jul 10, 2007
—
Lucille G Adams
Owner,record
Grant Deed
related
—
Aug 9, 2002
$75,000
Gloria Burnell
Cargill,oliver
Grant Deed
$65,000 · Oliver Cargill
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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