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

    2608 16th Ave Wilton Manors, FL 33334-4319

    • Medical offices
    • 2,935 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    8.3%
    Medical offices
    Location Intelligence
    Property ID
    US18-0846107
    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

    • Joseph Tojar / General Practitioner / Physician Assistant
    • Midway Specialty Care Center - Wilton Manors, Isabel Gomez MD, Hector Bolivar MD, Joao Rodrigues APRN / Medical Clinic / Hiv Testing Center

    Property Details for 2608 16th Ave

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.22 lot acres
    Property size
    2,935 SF
    Zone code
    B-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    49-42-26-17-0151
    APU
    494226170151

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $539,000
      Market price range: $178k - $736k

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton Manors
    County
    Broward
    State
    Florida
    Longitude
    -80.1262
    Latitude
    26.1602
    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
    $18,945
    $136,460
    $734,580
    $871,040
    -
    $136,460
    $734,580
    $871,040

    Comparable in this City

    • Value Estimation
      $1,530,000
      115,110 SF

      5597-5599 Dixie Hwy

      MEDICAL BUILDING • 115,110 SF
      5597-5599 Dixie Hwy, Oakland Park, FL 33334
      View Details
    • Value Estimation
      $405,000
      2,800 SF

      3434 12th Ave

      MEDICAL BUILDING • 2,800 SF
      3434 12th Ave, Oakland Park, FL 33334-4523
      View Details
    • Value Estimation
      $3,795,000
      6,160 SF

      911 Oakland Park Blvd

      MEDICAL BUILDING • 6,160 SF
      911 Oakland Park Blvd, Oakland Park, FL 33334-2725
      View Details
    • Value Estimation
      $430,000
      2,500 SF

      1736 Commercial Blvd

      MEDICAL BUILDING • 2,500 SF
      1736 Commercial Blvd, Oakland Park, FL 33334-5721
      View Details
    • Value Estimation
      $880,000
      20,812 SF

      5301 Dixie Hwy

      MEDICAL BUILDING • 20,812 SF
      5301 Dixie Hwy, Oakland Park, FL 33334-3447
      View Details
    • Value Estimation by Request
      2,430 SF

      1555 Oakland Park Blvd

      MEDICAL BUILDING • 2,430 SF
      1555 Oakland Park Blvd, Oakland Park, FL 33334-4424
      View Details

    Similar Nearby for Sale

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      1.30 Acres

      Oakland Park Mixed-Use Investment

      Prime Broward County location, high traffic, flexible zoning.
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    • Contact for pricing
      14,471 SF

      Fort Lauderdale Medical Office Building

      Two-story medical office building, fully leased, prime location.
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    • $1,675,000

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      Spacious medical office with subdivision potential and high visibility.
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    • $525,000
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      Oakland Park Mixed-Use Property

      High-visibility corner lot suitable for medical, office, or professional services.
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      Prime Oakland Park Medical Office

      6,530 SF Medical Office Building, $1.5M
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      Prime Fort Lauderdale Location

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      View Details

    Similar Nearby for Lease

    • $7,207 /Mo

      Oakland Park Medical Space Available

      3110 sq ft space in Blue Cloud Surgery Center.
      4650 N Dixie Hwy, Oakland Park, FL 33334
      View Details
    • $30 SF/Yr
      14,946 SF

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      Modern Suites, Flexible Sizes, Prime Location
      1299 Commercial Blvd, Oakland Park, FL 33334
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    • $22 SF/Yr
      4,753 SF

      Medical Office Space Available

      Four-story medical office building with recent renovations and ample parking.
      5601 N Dixie Hwy, Oakland Park, FL 33334
      View Details
    • Contact for pricing

      Oakland Park Office Space for Lease

      Prime Office Space, 3000 sq ft, All Utilities Included
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      View Details
    • $0.09 SF/Yr
      3,920 SF

      Oakland Park Office Building

      Prime Office Space, 3,920 sq ft
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      View Details
    • $550 /Mo
      728 SF

      Renovated Office Space Available

      728 SF renovated office space with modern updates.
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      View Details
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    2608 16th Ave
    Wilton Manors, FL 33334-4319
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    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
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