Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2589 State Rd 7th 7 Lauderdale Lakes, FL 33313-2778

    • Office buildings
    • 11,392 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2024
    $3,631,700
    Value Estimations
    $3,630,000
    Show details
    Cap Rate Potential
    9.6%
    Office buildings
    Location Intelligence
    Property ID
    US18-0206604
    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

    • Office buildings

    Property Details for 2589 State Rd 7th 7

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    1.52 lot acres
    Property size
    11,392 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    49-41-25-31-0040
    APU
    494125310040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,630,000
      ML approach
      $3,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,972,000
      Market price range: $1.81M - $4.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale Lakes
    County
    Broward
    State
    Florida
    Longitude
    -80.2036
    Latitude
    26.1575
    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
    $49,661
    $530,520
    $1,279,470
    $1,809,990
    -
    $530,520
    $1,279,470
    $1,809,990

    Comparable in this City

    • Value Estimation by Request
      725 SF

      2331 State Rd 7th Ste, Unit 209

      OFFICE BUILDING (MULTI-STORY) • 725 SF
      2331 State Rd 7th Ste, Lauderdale Lakes, FL 33313-3772
      View Details
    • Value Estimation
      $1,730,000
      5,224 SF

      4406 Oakland Park Blvd, Unit 4420

      OFFICE BUILDING • 5,224 SF
      4406 Oakland Park Blvd, Lauderdale Lakes, FL 33313-1819
      View Details
    • Value Estimation
      $5,300,000
      683 SF

      1108 Sunset Strip, Unit 18

      OFFICE BUILDING (MULTI-STORY) • 683 SF
      1108 Sunset Strip, Sunrise, FL 33313-6108
      View Details
    • Value Estimation
      $660,000
      1,440 SF

      1079 Sunset Strip1-1

      OFFICE BUILDING (MULTI-STORY) • 1,440 SF
      1079 Sunset Strip1-1, Sunrise, FL 33313-6105
      View Details
    • Value Estimation by Request
      757 SF

      2331 State Rd 7th Ste, Unit 203

      OFFICE BUILDING (MULTI-STORY) • 757 SF
      2331 State Rd 7th Ste, Lauderdale Lakes, FL 33313-3772
      View Details
    • Value Estimation by Request
      757 SF

      2331 State Rd 7th Ste, Unit 219

      OFFICE BUILDING (MULTI-STORY) • 757 SF
      2331 State Rd 7th Ste, Lauderdale Lakes, FL 33313-3772
      View Details

    Similar Nearby for Sale

    • $550,000

      Adaptable Commercial Space For Sale

      Commercial property in high-visibility, high-traffic area with long-term growth potential.
      6132- NW 11Th St, Fort Lauderdale, FL 33313
      View Details
    • $1,371,540

      Top Floor Office Condo Suites

      Executive suites for sale, generating positive rental income.
      1075 Sunset Strip, Sunrise, FL 33313
      View Details
    • $450,450

      Sunrise Office Condo - Own Your Space

      Prime location, affordable office condo.
      1075 Sunset Strit, Lauderhill, FL 33313
      View Details
    • $1,650,000
      5,000 SF

      Sunrise Stand Alone Building For Sale

      Stand alone building with office, warehouse, and fenced storage.
      3071 Northwest 64Th Ave, Sunrise, FL 33313
      View Details
    • Contact for pricing

      Retail/Office Space For Sale

      598 SF retail/office space in a rehabbed property.
      1100 Sunset Strip 1, Sunrise, FL 33313
      View Details
    • $115,000

      Renovated Office Space Available

      Move-in ready office with potential for division.
      2331 216, Lauderhill, FL 33313
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      727 SF

      Sunrise Office Space: 727 sq ft

      Versatile Sunrise office, 727 sq ft, ample parking.
      6150 11Th Ln, Sunrise, FL 33313
      View Details
    • $33 SF/Yr
      727 SF

      Sunrise Office Space - 727 SF

      Prime Sunrise office, 727 sq ft, great location.
      6148 11Th Ln, Sunrise, FL 33313
      View Details
    • Contact for pricing

      Plantation Office Space: 6750 SF

      Bright, move-in ready office space.
      6601 14 St, Plantation, FL 33313
      View Details
    • $2,200 /Mo

      Retail/Office Space in Lauderhill, FL

      Retail or office space available in a busy Lauderhill area.
      1180 NW 41 Ln, Lauderhill, FL 33313
      View Details
    • $27 SF/Yr
      800 SF

      Office Space on State Road

      800 SF office space in excellent condition for lease.
      2331 N State Road 7, Lauderdale Lakes, FL 33313
      View Details
    • $12,800 /Mo
      69,696 SF

      Lauderdale Lakes Worship Space Available

      Church-zoned space for lease in active commercial corridor, available 2026.
      2647 N State Road 7, Lauderdale Lakes, FL 33313
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2589 State Rd 7th 7
    Lauderdale Lakes, FL 33313-2778
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.