2501 31st St Fort Lauderdale, FL 33312-4955
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$6.78M
Range $6.10M – $7.46M (±10%)
Implied cap rate
6.10%
In-place · NOI ÷ last sale
Property ID
US19-0442692
Property summary
AI-generated overview
This exceptional 30,410-square-foot cold storage warehouse, built in 1994, is situated on a 1.97-acre lot in Fort Lauderdale, Florida (33312), within Broward County. The Class C industrial property features a two-story building with seven loading docks and six dock-high doors. Its strategic location offers convenient access to major transportation arteries, including the I-595 and I-95 interchange, placing it within close proximity to Port Everglades, Fort Lauderdale International Airport, and the Marina Mile. Furthermore, it's approximately three miles northeast of Fort Lauderdale's central business district. The property's permitted zoning is industrial, and the net rentable square footage is 30,410 square feet. This presents a significant opportunity for investors seeking a well-located, established cold storage facility in a thriving South Florida market. The asking price is $15,000,000.
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1993
Construction
CONCRETE
Total area
24,708 SF
Lot
1.97 ac (85,922 SF)
Zoning code
IROM-AA
APN
50-42-20-06-0052
UPID
US19-0442692
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
-
Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.66M
CAP Approach
CAP
$6.32M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$6.78M
Owner & transaction history
since 2021
Last sale
$5.4M
5 recorded transactions
Zoning & alternative use
IROM-AA · Fort Lauderdale, FL
Top alternative use upside
Retail stores
$10.1M
+2.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.78M
Value range
$6.10M – $7.46M
±10% around blend
Estimated value / SF
$274 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$6.10M
blend $6.78M
$7.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,708 SF
Lot area
1.97 ac
Year built
1993
Stories
2
APN
50-42-20-06-0052
Assessed value
$4,857,910
Annual tax
$105,689
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.32M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.84M
@ 6.5% CAP return
$6.32M
@ 7% CAP return
$5.87M
4
Sales comparison
Partial preview
Sales approach indication
$17.16M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.8 mi away · 28,895 SF
6.8 mi away · 29,860 SF
6.8 mi away · 29,860 SF
6.8 mi away · 23,128 SF
7.0 mi away · 31,747 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.78M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 93 sales
$397
-31%
Submarket 671 sales
$348
-21%
County 1610 sales
$325
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $274/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+3%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.10%
Implied, in-place cap rate for this refrigerated & cold storage
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.10%
9.0%
NOI (est.)
$378k *
Last sale · Nov 2021
$5.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.20M
Move the market yield to see immediate price impact.
Value / SF
$251
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.60%6.10%6.60%
$340k
$6.08M
$5.58M
$5.15M
$378k
$6.75M
$6.20M
$5.73M
$416k
$7.43M
$6.82M
$6.30M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$38.27M
2.7 mi · Mar 2026 · $1,374/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$105,689
Tax year 2023
Assessed value
$4,857,910
Assessed 2023
Previous assessed
$4,857,910
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$687,380
Assessed improvement
$4,170,530
Land market value
$687,380
Improvement market value
$4,170,530
Total market value
$4,857,910
Applied tax rate
412.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
6
Total area
24,708 SF
Lot
1.97 ac (85,922 SF)
Zoning code
IROM-AA
APN
50-42-20-06-0052
UPID
US19-0442692
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IROM-AA · Fort Lauderdale, FLZoning IROM-AA · permitted uses
IROM-AA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
6
Lot
1.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IROM-AA
Jurisdiction
Fort Lauderdale, FL
Recorded code
IROM-AA
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IROM-AA in Fort Lauderdale, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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