Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Warehouses
2397 College Ave Davie, FL 33317-7155
Entity Owned
~
Est. High Equity
Property ID
US18-4644298
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
CONCRETE
Total area
5,710 SF
Lot
0.33 ac (14,164 SF)
Zoning code
RAC-RTW
APN
50-41-37-01-1833
UPID
US18-4644298
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
$1.46M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.65M
Owner & transaction history
2397 Holdings LLC
2397 Holdings LLC
since 2026
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
RAC-RTW · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.7M
+35.0%
Medical building
$2.7M
+33.9%
Office building
$2.4M
+19.9%
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,985,000
Current use
INDUSTRIAL (GENERAL)
$2,685,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$2,660,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,385,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.68M (Jan 23 2026)
Last sale anchor
$1.68M
Jan 23 2026
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
$288 / 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
$18,512
Tax year 2023
Assessed value
$912,060
Assessed 2023
Previous assessed
$793,640
+14.9% YoY
Effective rate
2.03%
On assessed value
Assessed land
$100,620
Assessed improvement
$811,440
Land market value
$100,620
Improvement market value
$811,440
Total market value
$912,060
Applied tax rate
2,412.0000
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,710 SF
Lot
0.33 ac (14,164 SF)
Zoning code
RAC-RTW
APN
50-41-37-01-1833
UPID
US18-4644298
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-RTW · Davie, FL
Zoning RAC-RTW · permitted uses
RAC-RTW · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
2397 Holdings LLC
Entity
Mailing address
2397 COLLEGE AVE, DAVIE, FL 33317-7155
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
$1,675,000
2397 Holdings LLC
G B Welding And Fabrication LLC
Warranty Deed
$2,525,000 · United Midwest Savings Bank NA
Nov 5, 2018
$750,000
G B Welding & Fabrication LLC
Mize Properties LLC
Warranty Deed
$550,000 · Mize Properties LLC
Feb 19, 2010
—
Mize Properties LLC
Mize J K & B Living Trust
Quit Claim Deed
—
Mar 27, 2009
$550,000
Mize Jack K & B Living Trust
Davie Precast INC
Warranty Deed
—
Feb 23, 2001
$295,000
Davie Precast INC
Mcgee,charles E & Elizabeth L
Grant Deed
$145,000 · Seller
Feb 13, 1997
—
Kathleen T Mcgee
Mcgee,charles E
Quit Claim Deed
related
—
—
—
Davie Precast INC
—
Deed Of Trust
related
$400,000 · Elmore R Family Davie Trust
—
—
Davie Precast INC
—
Deed Of Trust
related
$500,000 · Elmore R Family Davie Trust
—
—
Davie Precast INC
—
Deed Of Trust
related
$100,000 · Kenneth G Stevens
—
—
Davie Precast INC
—
Deed Of Trust
related
$100,000 · Kenneth G Stevens
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2397 College Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
