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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
2515 State Rd 7th 7 West Park, FL 33023-4170
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0453640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
CONCRETE
Total area
3,108 SF
Lot
0.31 ac (13,665 SF)
Zoning code
TOC
APN
51-41-25-02-0410
UPID
US19-0453640
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
$665k
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$655k
Owner & transaction history
Friendly Pawn INC 1 · 3 yrs held
Friendly Pawn INC 1
since 2023
7 recorded transactions
Zoning & alternative use
TOC · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Transit Oriented Corridor
General category
UNKNOWN
Zone area
141.18 ac
Source
Realmo
Top alternative use upside
Medical building
$1.1M
+40.9%
Office building
$940,000
+21.2%
Warehouse, storage
$880,000
+13.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
RETAIL STORES
$775,000
Current use
MEDICAL BUILDING
$1,090,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$880,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
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
$211 / 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
$13,574
Tax year 2023
Assessed value
$591,640
Assessed 2023
Previous assessed
$591,640
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$109,320
Assessed improvement
$482,320
Land market value
$109,320
Improvement market value
$482,320
Total market value
$591,640
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,108 SF
Lot
0.31 ac (13,665 SF)
Zoning code
TOC
APN
51-41-25-02-0410
UPID
US19-0453640
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC · West Park, FLZoning TOC · permitted uses
TOC · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Transit Oriented Corridor
General category
UNKNOWN
Zone area
141.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$880,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Friendly Pawn INC 1
Entity
Mailing address
6403 SW 5TH ST, PEMBROKE PINES, FL 33023-1556
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Friendly Pawn INC 1
Jlg Real Estate Investments LLC
Lease
—
Jul 13, 2023
—
Jlg Real Estate Investments LLC
Friendly Pawn INC
Warranty Deed
—
Nov 10, 2015
—
Friendly Pawn INC 1
Gold Midas LLC
Warranty Deed
related
$395,000 · Iberiabank
Oct 31, 2011
$600,000
Gold Midas LLC
Rex Rx LLC
Warranty Deed
$450,000 · Rex Rx LLC
May 18, 2009
$2,414
Rex Rx LLC
State Of Fl Dept/transportation
Quit Claim Deed
related
—
Apr 14, 2009
$2,414
Rex Rx LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 4, 2005
$150,000
Rex Rx LLC
Animal House Health Club INC
Warranty Deed
—
—
—
Rex Rx LLC
—
Deed Of Trust
related
$106,582 · Bank Of America
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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