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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Investment properties
253-257 Commercial Blvd Lauderdale By The Sea, FL 33308
Entity Owned
3-yr Hold
Property ID
US18-2199492
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
255 Commercial Center LLC · 3 yrs held
255 Commercial Center LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-1 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.5M
+11.0%
Medical building
$2.4M
+10.0%
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 Lauderdale By The Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale By The Sea 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
$1,600,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,235,000
7%
$1,150,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,220,000
Current use
INDUSTRIAL (GENERAL)
$2,460,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$2,440,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,825,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.62M (Sep 6 2022)
Last sale anchor
$1.62M
Sep 6 2022
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
$313 / 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
Assessed value
$1,493,970
Assessed 2023
Previous assessed
$1,447,880
+3.2% YoY
Assessed land
$400,560
Assessed improvement
$1,093,410
Land market value
$400,560
Improvement market value
$1,093,410
Total market value
$1,493,970
Applied tax rate
211.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
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
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Lauderdale By The Sea, FL
Zoning B-1 · permitted uses
B-1 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lauderdale By The Sea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
MEDICAL 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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
255 Commercial Center LLC
Entity
Mailing address
531 N OCEAN BLVD APT #201, POMPANO BEACH, FL 33062-4611
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
$1,620,000
255 Commercial Center LLC
D J & G By The Sea LLC
Warranty Deed
—
Sep 6, 2022
—
255 Commercial Center LLC
D J & G By The Sea LLC
Assignment Of Lease (leasehold Sale)
—
Dec 23, 2015
$1,400,000
D J & G By The Sea LLC
253 Commercial LLC
Warranty Deed
$800,000 · Centerstate Bk/fl
Jul 6, 2011
—
253 Commercial LLC
Monopoly Investments LLC
Quit Claim Deed
related
—
Apr 26, 2011
$635,100
Monopoly Investements LLC
Msc Propeties LLC Coc
Trustees Deed
related
—
Apr 17, 2006
$1,400,000
Msc Properties LLC
Spanco LLC
Warranty Deed
$930,000 · Commercial Bank Of Florida
Mar 1, 2004
$1,200,000
Spanco LLC
Coconut Palm Properties Lc
Grant Deed
$640,000 · Fidelity Federal Bank & Trust
—
—
4150 Federal LLC
—
Deed Of Trust
related
$2,000,000 · First Sthrn Bk
—
—
4150 Federal LLC
—
Loan Modification
related
$2,000,000 · Centerstate Bk/fl
—
—
Coconut Palm Properties Lc
—
Deed Of Trust
related
$450,000 · Southtrust Bank NA
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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