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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Retail residential properties
239 Commercial Blvd Lauderdale By The Sea, FL 33308-4428
Entity Owned
Free & Clear
Property ID
US18-1361433
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1958
Construction
CONCRETE
Total area
4,902 SF
Lot
0.09 ac (4,000 SF)
Zoning code
B-1
APN
49-43-18-07-0450
UPID
US18-1361433
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Turtle2026 LLC
Turtle2026 LLC
since 2026
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-1 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+10.0%
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 Lauderdale By The Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale By The Sea 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
$1,580,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,075,000
Current use
MEDICAL BUILDING
$2,285,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,705,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.60M (May 11 2022)
Last sale anchor
$1.60M
May 11 2022
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
$323 / 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
$24,988
Tax year 2023
Assessed value
$1,315,140
Assessed 2023
Previous assessed
$1,315,140
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$200,280
Assessed improvement
$1,114,860
Land market value
$200,280
Improvement market value
$1,114,860
Total market value
$1,315,140
Applied tax rate
211.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
4,902 SF
Lot
0.09 ac (4,000 SF)
Zoning code
B-1
APN
49-43-18-07-0450
UPID
US18-1361433
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Lauderdale By The Sea, FL
Zoning B-1 · permitted uses
B-1 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lauderdale By The Sea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1958
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Turtle2026 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8412 STAGECOACH LN, BOCA RATON, FL 33496-1220
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
$769,200
Turtle2026 LLC
Swanton Street 184 LLC
Warranty Deed
—
May 11, 2022
$1,600,000
Swanton Street 184 LLC
Kosel LLC
Warranty Deed
$480,000 · Northern Bank & Trust Co
Sep 18, 2018
$1,350,000
Kosel LLC
Lauderdale By The Sea Trust
Warranty Deed
—
Sep 18, 2018
—
Lauderdale By The Sea Trust
Commercial Investors LLC
Grant Deed
related
—
Aug 13, 2012
—
Lauderdale By The Sea Trust
239 Commercial Investors LLC
Grant Deed
—
Apr 5, 2010
$500,000
239 Commercial Investors LLC
Chaplin,charles
Warranty Deed
$250,000 · First Southern Bank
Mar 16, 2004
$600,000
Charles Chaplin
Northstar Inns INC
Grant Deed
—
May 3, 2001
$392,850
Northstar Inns INC
Passage Tours Scandinavia INC
Grant Deed
—
Aug 31, 1999
$280,000
Passage Tours Of Scandinavia
Merenstein,ronald P
Grant Deed
$196,000 · Bankunited
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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