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    Property profile & analytics

    2647 N State Road 7 Lauderdale Lakes, FL 33313

    • Retail space
    • 8,300 SF
    • 1.61 lot acres
    For Lease
    View listing
    $12,800 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3795521
    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

    • Retail space

    Property Details for 2647 N State Road 7

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    1.61 lot acres
    Property size
    8,300 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    49-41-25-30-0010
    APU
    494125300010

    Description

    This exceptional Class A creative office space, totaling 33,800 square feet across two suites, is situated at 2669 N. State Road 7 in Lauderdale Lakes, Florida (zip code 33313), near the intersection of Oakland Park Boulevard. Built in 1961, this single-story building offers a minimum divisible space of 25,500 contiguous square feet, ideal for a variety of uses. The property boasts high ceilings (ranging from 16'7" to 21'3"), ample parking with 72 spaces, and excellent visibility on State Road 7, a major thoroughfare with high daily traffic. The zoning is commercial, and the property is classified as Retail, Office, and Special Purpose. Utilities are provided by FPL. This location in the West Fort Lauderdale, Lauderdale Lakes submarket (South of Oakland Park Blvd on N. State Road 7) offers convenient access to numerous businesses and residential areas. The property is perfect for businesses needing significant space, such as distribution centers, call centers, or shared office spaces. The large open floor plan also presents opportunities for unique uses like event spaces or recreational facilities. This is a rare opportunity to secure a substantial, well-located commercial space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,340,000
      6.5%
      $2,160,000
      7%
      $2,005,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,900,000
      Current use
      MEDICAL BUILDING
      $2,915,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale Lakes
    County
    Broward
    State
    Florida
    Longitude
    -80.2037
    Latitude
    26.1603
    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
    $76,517
    $560,550
    $1,972,380
    $2,532,930
    -
    $560,550
    $1,972,380
    $2,532,930

    Comparable in this City

    • Value Estimation
      $1,340,000
      7,138 SF

      1597-1599 40th Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,138 SF
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      View Details
    • Value Estimation
      $1,755,000
      7,150 SF

      6390 Oakland Park Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,150 SF
      6390 Oakland Park Blvd, Sunrise, FL 33313-1216
      View Details
    • Value Estimation
      $2,000,000
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      4701-4711 14th St

      RETAIL STORES (PERSONAL SERVICES) • 7,181 SF
      4701-4711 14th St, Lauderhill, FL 33313
      View Details
    • Value Estimation
      $885,000
      4,875 SF

      2221 State Rd 7th 7

      RETAIL STORES (PERSONAL SERVICES) • 4,875 SF
      2221 State Rd 7th 7, Lauderdale Lakes, FL 33313-7038
      View Details
    • Value Estimation by Request
      1,950 SF

      4100 12th St

      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
      4100 12th St, Lauderhill, FL 33313-5816
      View Details
    • Value Estimation
      $2,240,000
      10,965 SF

      6301 Sunrise Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,965 SF
      6301 Sunrise Blvd, Plantation, FL 33313-6150
      View Details

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      View Details
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    2647 N State Road 7
    Lauderdale Lakes, FL 33313
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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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