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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
2320 56th Ter West Park, FL 33023-4019
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1829766
Property summary
AI-generated overview
This exceptional West Park, Florida industrial property offers 1,800 square feet of versatile flex space, ideal for a variety of manufacturing, warehouse, or flex uses. Located at 2320 SW 56th Terrace, 33023, in Broward County, this single-tenant building boasts desirable M-2 heavy manufacturing zoning, accommodating most industrial applications, including automotive-related businesses. The space includes a 100-square-foot office, providing a functional workspace separate from the main area. Access is convenient via one drive-in roll-up door, facilitating efficient loading and unloading. The high ceilings, measuring 11 feet, maximize storage and operational space. Ample parking is available on-site, with space for up to six vehicles. The monthly rental rate is $3500. This property presents a unique opportunity for businesses seeking a well-located, functional, and versatile industrial space in a thriving area. The property is situated in West Park, Florida, offering easy access to major transportation routes and amenities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
CONCRETE
Total area
2,364 SF
Lot
0.12 ac (5,391 SF)
Zoning code
M-2
APN
51-41-24-02-0442
UPID
US18-1829766
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$700k
Owner & transaction history
Sea Equity LLC · 2 yrs held
Sea Equity LLC
since 2024
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
M-2 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+64.4%
Medical building
$830,000
+24.0%
Office building
$715,000
+6.6%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jan 25 2024)
Last sale anchor
$700k
Jan 25 2024
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
$296 / SF
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
$7,986
Tax year 2023
Assessed value
$360,580
Assessed 2023
Previous assessed
$360,580
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$37,740
Assessed improvement
$322,840
Land market value
$37,740
Improvement market value
$322,840
Total market value
$360,580
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
2,364 SF
Lot
0.12 ac (5,391 SF)
Zoning code
M-2
APN
51-41-24-02-0442
UPID
US18-1829766
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$590,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Sea Equity LLC
Entity
Free & Clear · 2 yrs held
Mailing address
164 LENAPE DR, MIAMI SPRINGS, FL 33166-5145
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$700,000
Sea Equity LLC
D & S Equities West Park 2320 LLC
Warranty Deed
—
Dec 12, 2019
$370,000
D & S Equities W Pk 2320 LLC
Leonard Herrera
Warranty Deed
related
—
Jun 6, 2005
$145,000
Leonard Herrera
Briosi Victor S Trust
Warranty Deed
$145,000 · Ben-ezra Isaac Trust 006329
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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