Property profile

241 Commercial Blvd Lauderdale By The Sea, FL 33308

OFF-MARKET
Retail residential properties
Property ID
US18-3274962
5,056 SF 0.3 ac lot Built 1972
Individually Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1972
Construction CONCRETE
Total area 5,056 SF
Lot 0.3 ac (12,998 SF)
Zoning code B-1
APN 49-43-18-07-0460
UPID US18-3274962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Hotel & Motel Resort
  • Event Planning Wedding Service
  • Real Estate Agency
  • Charitable Organization Social Service Agency

Location

241 Commercial Blvd Lauderdale By The Sea, FL 33308-4456
Lauderdale By The Sea metro Census 40102 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.47M
Blend (final) Blend
$1.54M

Owner & transaction history

since 2013
3 recorded transactions
2013
$1.1M
2006
$1.6M
2002
$575,000

Zoning & alternative use

B-1 · Lauderdale By The Sea, FL
General category COMMERCIAL
Top alternative use upside
Restaurant $4.3M +101.7%
Auto repair, garage $4.1M +91.4%
Neighborhood: shopping center $3.8M +77.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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