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Property profile & analytics
OFF-MARKET
Distribution centers
2440 56th Ave West Park, FL 33023-4017
Entity Owned
Free & Clear
Property ID
US18-2247340
Property summary
AI-generated overview
This exceptional 1652-square-foot flex warehouse, located at 2440 SW 56th Ave #2440 in West Park, Florida, presents a compelling investment opportunity at an asking price of $449,000. Built in 1966, this industrial property offers a versatile open floor plan ideal for a variety of uses. The space includes a small office and bathroom, providing convenient workspace and amenities. A key advantage is the property's convenient access from both the front and rear, facilitating efficient loading and unloading. Situated in Broward County, Florida, with a zip code of 33023, this property benefits from a strategic location. The property's flexible layout makes it suitable for various business needs. Showings are by appointment only to avoid disturbing current tenants. This is a rare opportunity to acquire a well-located, functional industrial space with significant potential. The property's size and features make it an attractive option for entrepreneurs and businesses seeking a versatile and accessible workspace in West Park. Serious inquiries are encouraged.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1966
Construction
CONCRETE
Total area
1,652 SF
Lot
0.04 ac (1,657 SF)
Zoning code
M-1
APN
51-41-24-AB-0050
UPID
US18-2247340
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zfi INC
Zfi INC
since 2025
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
M-1 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Limited Manufacturing And Industrial Districts
General category
INDUSTRIAL
Zone area
16.71 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$281,970
Assessed 2023
Previous assessed
$189,010
+49.2% YoY
Assessed land
$28,200
Assessed improvement
$253,770
Land market value
$28,200
Improvement market value
$253,770
Total market value
$281,970
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
1966
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
1,652 SF
Lot
0.04 ac (1,657 SF)
Zoning code
M-1
APN
51-41-24-AB-0050
UPID
US18-2247340
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · West Park, FLZoning M-1 · permitted uses
M-1 · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Limited Manufacturing And Industrial Districts
General category
INDUSTRIAL
Zone area
16.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Zfi INC
Entity
Free & Clear · 0 yrs held
Mailing address
16463 NE 27TH PL, N MIAMI BEACH, FL 33160-4003
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$400,000
Zfi INC
Marcelo Frenda
Warranty Deed
—
May 10, 2023
—
Marcelo Frenda
Sandra Chahin
Intrafamily Transfer
related
—
Dec 10, 2014
$124,500
Sandra M Chahin
Bramoma LLC
Grant Deed
—
Aug 27, 2010
$162,000
Bramoma LLC
Wedgewood 56 LLC
Grant Deed
$121,500 · Community Bank Of Broward
—
—
Bramoma LLC
—
Deed Of Trust
related
$121,500 · 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.
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