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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Office buildings
2589 State Rd 7th 7 Lauderdale Lakes, FL 33313-2778
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0206604
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
11,392 SF
Lot
1.52 ac (66,315 SF)
Zoning code
CG
APN
49-41-25-31-0040
UPID
US18-0206604
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
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$3.63M
Owner & transaction history
Tenet Equity Funding Spe III LLC · 1 yrs held
Tenet Equity Funding Spe III LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
CG · Lauderdale Lakes, FL
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 Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale Lakes 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
$3,630,000
ML approach
$3,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±10% · vs last sale $3.63M (Oct 3 2024)
Last sale anchor
$3.63M
Oct 3 2024
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
$319 / 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
$49,661
Tax year 2023
Assessed value
$1,809,990
Assessed 2023
Previous assessed
$1,809,990
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$530,520
Assessed improvement
$1,279,470
Land market value
$530,520
Improvement market value
$1,279,470
Total market value
$1,809,990
Applied tax rate
1,912.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
11,392 SF
Lot
1.52 ac (66,315 SF)
Zoning code
CG
APN
49-41-25-31-0040
UPID
US18-0206604
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Lauderdale Lakes, FLZoning CG · permitted uses
CG · Lauderdale Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Lauderdale Lakes Zoning Map
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
1.52 ac
Current owner
From public records · entity-resolved
Tenet Equity Funding Spe III LLC
Entity
Mailing address
7332 E BUTHERUS DR STE #100, SCOTTSDALE, AZ 85260-2426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$3,631,700
Tenet Equity Funding Spe III LLC
Jmcg Lauderhill LLC
Special Warranty Deed
$450,000,000 · Citibank NA
Oct 3, 2024
—
Chen Dedicated Holdings LLC
Tenet Equity Funding Spe III LLC
Lease
—
Feb 10, 2020
—
Jmcg Lauderhill LLC
—
Deed
related
$5,000,000 · Truist Bk
Sep 10, 2012
$1,300,000
Jmcg Lauderhill LLC
F & J Investment & Management INC
Warranty Deed
$910,000 · Suntrust Bank
Oct 8, 2004
$1,425,000
F & J Investment & Mgmt INC
Pro-act Management LLC
Warranty Deed
$850,000 · Wachovia Bank NA
—
—
Jmcg Lauderhill LLC
—
Loan Modification
related
$910,000 · Suntrust Bk
—
—
Jmcg Lauderhill LLC
—
Deed Of Trust
related
$5,000,000 · Truist Bk
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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