Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Distribution centers
2431 56th Ter West Park, FL 33023-4020
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3278704
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1967
Construction
CONCRETE
Total area
1,569 SF
Lot
0.04 ac (1,566 SF)
Zoning code
M-2
APN
51-41-24-AB-0130
UPID
US18-3278704
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$790k
Owner & transaction history
M&e 3 Enterprises LLC · 4 yrs held
M&e 3 Enterprises LLC
since 2022
Last sale
$800,000
2 recorded transactions
Zoning & alternative use
M-2 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Manufacturing And Industrial District
General category
INDUSTRIAL
Zone area
24.81 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.0M
+135.6%
Auto repair, garage
$975,000
+119.9%
Commercial (general)
$730,000
+64.4%
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 West Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Park 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
$790,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$975,000
Change: +120% · Conversion: Easy
COMMERCIAL (GENERAL)
$730,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $800k (May 10 2022)
Last sale anchor
$800k
May 10 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
$504 / 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
$5,907
Tax year 2023
Assessed value
$267,810
Assessed 2023
Previous assessed
$179,520
+49.2% YoY
Effective rate
2.21%
On assessed value
Assessed land
$26,780
Assessed improvement
$241,030
Land market value
$26,780
Improvement market value
$241,030
Total market value
$267,810
Applied tax rate
3,513.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
1,569 SF
Lot
0.04 ac (1,566 SF)
Zoning code
M-2
APN
51-41-24-AB-0130
UPID
US18-3278704
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Park, FLZoning M-2 · permitted uses
M-2 · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Manufacturing And Industrial District
General category
INDUSTRIAL
Zone area
24.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$730,000
MEDICAL BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1967
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
M&e 3 Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3750 N STATE RD 7TH 7, LAUDERDALE LAKES, FL 33319-5610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$800,000
M&e 3 Enterprises LLC
Hk Property Holdings LLC
Special Warranty Deed
—
Feb 3, 2011
$407,800
Hk Property Holdings LLC
Wedgewood 56 LLC
Grant Deed
$305,000 · Community Bank Of Broward
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 2431 56th Ter?
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.
