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    Property profile & analytics

    245-331 27th Ave Fort Lauderdale, FL 33311

    • Investment properties
    • 2,469 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4281240
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 245-331 27th Ave

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.50 lot acres
    Property size
    2,469 SF
    Zone code
    B-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    50-42-05-13-0180
    APU
    504205130180

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $811,000
      Market price range: $345k - $812k
      AI Estimate
      $792,000
      Market price range: $242k - $793k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $660,000
      Current use
      MEDICAL BUILDING
      $1,150,000
      Change: +74% Conversion: Easy
      RETAIL STORES
      $620,000
      Change: -6% Conversion: Easy
      OFFICE BUILDING
      $615,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $575,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1784
    Latitude
    26.1245
    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
    $9,664
    $0.00
    $0.00
    $473,390
    -
    $173,580
    $299,820
    $473,400

    Comparable in this City

    • Value Estimation
      $7,230,000
      24,489 SF

      2700 Oakland Park Blvd, Unit 2766

      STORE/OFFICE (MIXED USE) • 24,489 SF
      2700 Oakland Park Blvd, Oakland Park, FL 33311-1364
      View Details
    • Value Estimation
      $3,165,000
      12,547 SF

      1033 6th St

      STORE/OFFICE (MIXED USE) • 12,547 SF
      1033 6th St, Fort Lauderdale, FL 33311-8125
      View Details
    • Value Estimation
      $2,825,000
      11,397 SF

      201 Sunrise Blvd

      STORE/OFFICE (MIXED USE) • 11,397 SF
      201 Sunrise Blvd, Fort Lauderdale, FL 33311-6285
      View Details
    • Value Estimation by Request
      572 SF

      1880 24th Ter

      STORE/OFFICE (MIXED USE) • 572 SF
      1880 24th Ter, Fort Lauderdale, FL 33311-4556
      View Details
    • Value Estimation
      $2,650,000
      24,134 SF

      3075 Oakland Park Blvd

      STORE/OFFICE (MIXED USE) • 24,134 SF
      3075 Oakland Park Blvd, Oakland Park, FL 33311-1221
      View Details
    • Value Estimation
      $590,000
      2,613 SF

      2881 Sunrise Blvd, Unit 2889

      STORE/OFFICE (MIXED USE) • 2,613 SF
      2881 Sunrise Blvd, Fort Lauderdale, FL 33311-5651
      View Details

    Similar Nearby for Sale

    • $5,200,000

      Fort Lauderdale Multifamily Investment Opportunity

      17 stabilized, fully leased townhomes in Fort Lauderdale, Florida.
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      View Details
    • $675,000
      0.11 Acres

      Fort Lauderdale Mixed-Use Property

      Mixed-use property with restaurant and motel-style rooms in Fort Lauderdale.
      1536 NW 6Th St, Fort Lauderdale, FL 33311
      View Details
    • $4,500,000
      14,562 SF

      Fort Lauderdale Mixed-Use Property

      14,562 SF Church/School, $4.5M
      1800 9Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $849,900
      0.19 Acres

      Mixed-Use Investment Opportunity

      Two-story mixed-use building with commercial and residential units.
      2001-2007 NW 21St Ave, Fort Lauderdale, FL 33311
      View Details
    • $8,450,000
      2.64 Acres

      Lauderhill Pointe Shopping Center

      High-Yield Retail Investment, Broward County
      3908 19Th Ct, Lauderhill, FL 33311
      View Details
    • $1,757,000

      Oakland Park Mixed-Use Property

      Prime Location, Development Potential
      2014 28 St, Oakland Park, FL 33311
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      New Mixed-Use Development on Avenue

      Six-story mixed-use development with prime commercial space in Fort Lauderdale.
      501 NW 7Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $30 SF/Yr
      1,400 SF

      New Mixed-Use Development Retail Space

      New retail space in downtown Fort Lauderdale's Avenue of the Arts.
      501 NW 7Th St, Fort Lauderdale, FL 33311
      View Details
    • $15 SF/Yr
      530,760 SF

      Lauderdale Lakes Industrial Park

      Central Broward industrial spaces
      2696 31St Ave, Lauderdale Lakes, FL 33311
      View Details
    • Contact for pricing

      Fort Lauderdale Office/Warehouse Space

      Prime Location, Updated Office, Ample Storage
      702 6Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $12 SF/Yr
      357,000 SF

      Fort Lauderdale Flex Warehouse Space

      18,500 SF Available, Central Broward
      3435-3699 19Th St, Lauderdale Lakes, FL 33311
      View Details
    • $25 SF/Yr
      1,876 SF

      Fort Lauderdale Church - For Lease

      Spacious Church, Ample Parking, 1876 sq ft
      720 4Th St, Fort Lauderdale, FL 33311
      View Details
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    Fort Lauderdale, FL 33311
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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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