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    2420 Dixie Hwy, Unit 2426 Wilton Manors, FL 33305-2240
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    Property profile & analytics

    2420 Dixie Hwy, Unit 2426, Wilton Manors, FL 33305-2240

    View on Map
    • Warehouses
    • 3,357 SF
    • 0.14 lot acres
    Off-Market
    Last Sale May 22, 2023
    $650,000
    Property ID
    US18-3336586
    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.
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    5.8%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2420 Dixie Hwy

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Zone code
    TOC SOUTH
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-26-26-0041
    APU
    494226260041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2025 $1,150,000 Dixie Hwy Realty II LLC Abbi Capital LLC Warranty Deed —
    May 22, 2023 $650,000 Abbi Capital LLC Dixie Pm LLC Warranty Deed —
    May 14, 2018 — Dixie Pm LLC Marrinson Ralph A Trust Quit Claim Deed · related —
    Nov 16, 2007 — Marrinson Ralph A Trust Marrinson,ralph A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $790,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $665,000
      6.5%
      $610,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $278k - $782k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilton Manors
    County
    Broward
    State
    Florida
    Longitude
    -80.1318
    Latitude
    26.158
    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
    $8,129
    $73,320
    $379,920
    $453,240
    -
    $73,320
    $379,920
    $453,240

    Comparable in this City

    • Value Estimation
      $675,000
      4,212 SF

      2400 Dixie Hwy, Unit 2406

      MINI-WAREHOUSE, STORAGE
      2400 Dixie Hwy, Wilton Manors, FL 33305-2240
      View Details
    • Value Estimation by Request
      2,273 SF

      2408 Dixie Hwy, Unit 2412

      MINI-WAREHOUSE, STORAGE
      2408 Dixie Hwy, Wilton Manors, FL 33305-2240
      View Details
    • Value Estimation
      $850,000
      4,712 SF

      2212 Dixie Hwy, Unit 2308

      MINI-WAREHOUSE, STORAGE
      2212 Dixie Hwy, Wilton Manors, FL 33305-2236
      View Details
    • Value Estimation
      $1,505,000
      10,260 SF

      1635 14th Ave, Unit 1639

      MINI-WAREHOUSE, STORAGE
      1635 14th Ave, Fort Lauderdale, FL 33305-3312
      View Details
    • Value Estimation
      $3,290,000
      4,175 SF

      2449 13th Ave

      MINI-WAREHOUSE, STORAGE
      2449 13th Ave, Wilton Manors, FL 33305-1303
      View Details
    • Value Estimation
      $540,000
      2,943 SF

      1725 4th Ave

      MINI-WAREHOUSE, STORAGE
      1725 4th Ave, Fort Lauderdale, FL 33305-3003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,998 SF

      Newer Construction Warehouse Space

      Newer construction warehouse with garage bay and high ceilings.
      1701 NE 14Th Ave, Fort Lauderdale, FL 33305
      View Details
    • Contact for pricing
      2,326 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Eight-unit multifamily property in a high-growth Fort Lauderdale location.
      1100 NE 18Th St, Fort Lauderdale, FL 33305
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      Creative Office and Retail Property

      Premier Fort Lauderdale property in active corridor, ideal for investors.
      1471 Northeast 26Th St, Fort Lauderdale, FL 33305
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      7,551 SF

      Remodeled Multifamily Investment Property

      9-unit multifamily property in Wilton Manors, fully leased.
      2201 NE 14Th Ave, Wilton Manors, FL 33305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,678 SF

      Functional Retail Warehouse Space Available

      Versatile warehouse-style space with retail zoning, ideal for various businesses.
      1160 NE 24Th Ct, Wilton Manors, FL 33305
      View Details
    • Contact for pricing

      Compact Retail Space on Wilton

      Retail space in Wilton Manors' Arts & Entertainment District.
      2217 Wilton Dr, Wilton Manors, FL 33305
      View Details
    • Contact for pricing

      Turnkey Restaurant/Bar Space Available

      Second-generation restaurant/bar space in Wilton Manors' Arts & Entertainment District.
      2211 Wilton Dr, Wilton Manors, FL 33305
      View Details
    • $12 SF/Yr

      Studio Unit in Fort Lauderdale

      Well-maintained studio unit in a desirable Fort Lauderdale location.
      1151 NE 18Th St, Fort Lauderdale, FL 33305
      View Details
    • Contact for pricing
      7,280 SF

      Mixed-Use Retail with Expansive Patio

      Direct Wilton Drive frontage and a food-and-beverage tenant mix support dining, wellness, and boutique concepts.
      2200-2292 Wilton Dr, Fort Lauderdale, FL 33305
      View Details
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    Wilton Manors, FL 33305-2240
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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