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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2600 59th St Fort Lauderdale, FL 33309

    • Warehouses
    • 54,600 SF
    • 21.94 lot acres
    OFF-MARKET
    Value Estimations
    $14,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5374364
    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

    • Warehouses

    Property Details for 2600 59th St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    21.94 lot acres
    Property size
    54,600 SF
    Zone code
    GAA
    Property type
    Warehouses
    APN
    49-42-09-29-0082
    APU
    494209290082

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,115,000
      6.5%
      $13,955,000
      7%
      $12,955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,593,000
      Market price range: $2.37M - $10.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $17,450,000
      Current use
      RETAIL STORES
      $20,715,000
      Change: +19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1833
    Latitude
    26.1998
    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
    $0.00
    $7,646,910
    $13,469,260
    $21,116,170
    -
    $7,646,910
    $13,469,260
    $21,116,170

    Comparable in this City

    • Value Estimation by Request
      63,274 SF

      3350 53Rd St

      Distribution properties • 63,274 SF
      3350 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      43,006 SF

      1052-1090 53Rd St

      Distribution properties • 43,006 SF
      1052-1090 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      0.16 Acres

      54th St

      STORAGE YARD (JUNK, SALVAGE) • 0.16 Acres
      54th St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation
      $1,150,000
      7,779 SF

      3050 60th St

      MINI-WAREHOUSE, STORAGE • 7,779 SF
      3050 60th St, Fort Lauderdale, FL 33309-2249
      View Details
    • Value Estimation
      $4,785,000
      18,000 SF

      1755 51st Pl

      WAREHOUSE, STORAGE • 18,000 SF
      1755 51st Pl, Fort Lauderdale, FL 33309-2757
      View Details
    • Value Estimation
      $4,705,000
      30,034 SF

      3560 53rd St

      WAREHOUSE, STORAGE • 30,034 SF
      3560 53rd St, Fort Lauderdale, FL 33309-6395
      View Details

    Similar Nearby for Sale

    • $2,500,000
      12,520 SF

      Oakland Park Warehouse Investment

      12,520 SF Warehouse, Value-Add Opportunity
      821-835 45 St, Oakland Park, FL 33309
      View Details
    • Contact for pricing
      82,360 SF

      Fort Lauderdale Commerce Center Flex

      Flex spaces in master-planned business park near major transportation.
      3301-3471 NW 55Th St, Fort Lauderdale, FL 33309
      View Details
    • $1,200,000
      4,860 SF

      Fort Lauderdale Warehouse Condo

      Prime location, 4,860 SF warehouse
      5300 12Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $3,299,000

      Fort Lauderdale Office-Warehouse with AC

      9,400 SF office-warehouse with AC and twenty-one parking spaces.
      6775 NW 15Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $23,500,000

      Pompano Beach Industrial/Office Property

      82,584 SF property on 6.85 acres with ample parking.
      1100 W Mcnab Rd, Fort Lauderdale, FL 33309
      View Details
    • $8,950,000
      29,960 SF

      Fort Lauderdale Warehouse with A/C

      29,960 SF warehouse with full A/C and parking.
      1410 W Mcnab Rd, Fort Lauderdale, FL 33309
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      52,738 SF

      Prime Pompano Beach Warehouse

      52,738 SF Warehouse, 26,115 SF Vacant
      6500 Powerline Rd, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      20,748 SF

      Oakland Park Industrial Flex Space

      20,748 SF industrial flex space available for lease.
      5149 Ne 12Th Ave, Oakland Park, FL 33309
      View Details
    • $15 SF/Yr
      27,350 SF

      Industrial Space Available for Lease

      Industrial space with office, dock doors, and highway access.
      6630 NW 16Th Ter, Fort Lauderdale, FL 33309
      View Details
    • $18 SF/Yr
      96,358 SF

      Renovated Warehouse/Production Space Available

      Renovated warehouse/production space with easy access to major highways.
      6830 NW 16Th Ter, Fort Lauderdale, FL 33309
      View Details
    • $8,000 /Mo
      2,699 SF

      Flex Space with Storage Yard

      Upscale flex building with storage in Gateway Industrial Park.
      6742 NW 17Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $15 SF/Yr

      Fort Lauderdale Flex Space Available

      Spacious flex space with office and warehouse components for lease.
      5420 NW 33Rd Ave, Fort Lauderdale, FL 33309
      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.
    2600 59th St
    Fort Lauderdale, FL 33309
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.