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    Property profile & analytics

    2324 56 Ter West Park, FL 33023

    • Manufacturing properties
    • 3,900 SF
    • 0.12 lot acres
    For Lease
    View listing
    $240 SF/Yr
    Value Estimation
    $885,000
    Last Sale
    Nov 06, 2024
    $1,050,000
    Location Intelligence
    Property ID
    US18-1928805
    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

    • The Surveyor Dental Arts, Inc. / Dental Laboratory
    • Enrique Monroy / Dental Laboratory

    Property Details for 2324 56 Ter

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    3,900 SF
    Zone code
    M-2
    Property type
    Manufacturing properties
    APN
    51-41-24-02-0441
    APU
    514124020441

    Description

    This renovated 3,900-square-foot warehouse offers a single-tenant occupancy in a desirable M-2 zoned location. The property features a 12-foot ceiling height, enhancing storage and operational efficiency. Access is provided by two front-facing garage doors, convenient for loading and unloading. Ample parking is available with approximately ten spaces situated in front of the building. The space is equipped for industrial use with 3-phase electricity and two electrical panels. A recent 40-year building inspection has been successfully completed. The included office area provides central air conditioning and two bathrooms for employee comfort. This property is perfect for light manufacturing and various industrial uses, including automotive-related businesses, as permitted by the M-2 zoning designation. The tenant is responsible for all utilities, and a 3% sales tax applies. The property's single-story design and single-suite layout offer simplicity and ease of management. The APN is 514124020441.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $895,000

    • CAP approach

      CAP return
      Estimation
      6%
      $805,000
      6.5%
      $825,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $815,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,005,000
      Retail
      $765,000
      Mixed-Use
      $940,000
      Hospitality
      $815,000
      Educational
      $975,000
      Residential Income
      $740,000
      Energy
      $920,000
      Income-Based Land
      $870,000
      Food Service
      $960,000

    Location Insight

    • Map
    • Local Demand
    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1997
    Latitude
    25.9887
    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
    $8,837
    $37,740
    $372,080
    $409,820
    -
    $37,740
    $372,080
    $409,820

    Comparable in this City

    • Value Estimation by Request

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      6230 Miramar Pkwy, Unit 6244

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      6230 Miramar Pkwy, Miramar, FL 33023-3942
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    • Value Estimation
      $1,065,000
      4,250 SF

      2381 57th Ave

      MANUFACTURING (LIGHT) • 4,250 SF
      2381 57th Ave, West Park, FL 33023-4022
      View Details
    • Value Estimation by Request
      14,260 SF

      5800 Washington St

      MANUFACTURING (LIGHT) • 14,260 SF
      5800 Washington St, Hollywood, FL 33023-1947
      View Details
    • Value Estimation by Request
      222,145 SF

      2500 Commerce Ctr

      Flex space • 222,145 SF
      2500 Commerce Ctr, Pembroke Park, FL 33023
      View Details

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    2324 56 Ter
    West Park, FL 33023
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    Realmo Value Estimation

    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.

    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.

    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
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