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Property profile & analytics
OFF-MARKET
Estimated value
$8,655,000
Assisted living facilities
2401 2nd St Pompano Beach, FL 33062-4806
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1070544
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1975
Construction
CONCRETE
Total area
18,646 SF
Lot
0.51 ac (22,194 SF)
Zoning code
TO-EOD
APN
48-42-36-01-0280
UPID
US18-1070544
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
-
Marjorie L. Steinberg, SLP Physician
-
Cassi Culpepper Physician
-
Aspire at the Sea - Pompano Beach Nursing Home
-
Pinehurst Convalescence Inc Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.66M
Owner & transaction history
2401 Ne 2nd St Fl Owner LLC · 2 yrs held
2401 Ne 2nd St Fl Owner LLC
since 2023
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
TO-EOD · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Transit Oriented (TO) district is established and intended to encourage transit use as an alternative to auto dependency by accommodating moderate to high intensity, compact, mixed use, and pedestrian oriented development within convenient walking distance of existing and planned rail stations, major transit corridors, major transit hubs, regional and ne…
Zone name
Transit Oriented
General category
MIXED_USE
Zone area
281.68 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$13.7M
+110.9%
Commercial (general)
$13.5M
+107.5%
Neighborhood: shopping center
$12.2M
+87.6%
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 Pompano Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompano Beach 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
$7,910,000
ML approach
$7,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$6,490,000
Current use
AUTO REPAIR, GARAGE
$13,685,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,465,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,175,000
Change: +88% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,555,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$7,415,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$6,545,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.52M · ±10% · vs last sale $9.43M (Nov 6 2023)
Last sale anchor
$9.43M
Nov 6 2023
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
$464 / 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
$55,603
Tax year 2023
Assessed value
$2,403,160
Assessed 2023
Previous assessed
$2,181,140
+10.2% YoY
Effective rate
2.31%
On assessed value
Assessed land
$199,750
Assessed improvement
$2,203,410
Land market value
$199,750
Improvement market value
$2,203,410
Total market value
$2,403,160
Applied tax rate
1,511.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
18,646 SF
Lot
0.51 ac (22,194 SF)
Zoning code
TO-EOD
APN
48-42-36-01-0280
UPID
US18-1070544
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TO-EOD · Pompano Beach, FLZoning TO-EOD · permitted uses
TO-EOD · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Transit Oriented (TO) district is established and intended to encourage transit use as an alternative to auto dependency by accommodating moderate to high intensity, compact, mixed use, and pedestrian oriented development within convenient walking distance of existing and planned rail stations, major transit corridors, major transit hubs, regional and neighborhood transit hubs, and high priority corridors for bus rapid transit or high performance transit
Zone name
Transit Oriented
General category
MIXED_USE
Zone area
281.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
INDUSTRIAL (GENERAL)
Est. value
$11.6M
OFFICE BUILDING
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL 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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
2401 Ne 2nd St Fl Owner LLC
Entity
Mailing address
885 3RD AVE, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$9,430,000
2401 Ne 2nd St Fl Owner LLC
Fc Encore Pompano Beach LLC
Special Warranty Deed
—
Sep 21, 2016
$4,044,700
Fc Encore Pompano Beach LLC
Fc Encore Core Properties LLC
Grant Deed
related
—
Sep 21, 2016
—
Fc Encore Pompano Beach LLC
—
Deed
related
$4,943,300 · Keybank USA
Oct 11, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Jan 14, 2002
$1,071,300
Formation Properties I LLC
Beverly Enterprises Florida
Grant Deed
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
—
—
Fc Encore Pompano Beach LLC
—
Loan Modification
related
$4,943,300 · Keybank USA
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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