Property profile

253-257 Commercial Blvd Lauderdale By The Sea, FL 33308

OFF-MARKET
Investment properties
Property ID
US18-2199492
5,239 SF 0.18 ac lot Built 1973
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1973
Construction CONCRETE
Total area 5,239 SF
Lot 0.18 ac (8,000 SF)
Zoning code B-1
APN 49-43-18-07-0220
UPID US18-2199492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

253-257 Commercial Blvd Lauderdale By The Sea, FL 33308
Lauderdale By The Sea metro Census 40102 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.71M
CAP Approach CAP
$1.24M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.60M

Owner & transaction history

since 2022
Last sale
$1.6M
7 recorded transactions
2022
$1.6M
2022
Price N/A
2015
$1.4M
2011
Price N/A
2011
$635,100
2006
$1.4M
2004
$1.2M

Zoning & alternative use

B-1 · Lauderdale By The Sea, FL
General category COMMERCIAL
Top alternative use upside
Industrial (general) $2.5M +11.0%
Medical building $2.4M +10.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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