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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Manufacturing properties
2681 Dr Martin Luther King Jr Blvd Pompano Beach, FL 33069-1513
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7309381
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
CONCRETE
Total area
12,668 SF
Lot
1.73 ac (75,273 SF)
Zoning code
I-1
APN
48-42-28-01-0373
UPID
US18-7309381
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
$580k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$950k
Owner & transaction history
Spartan Upfit Services INC · 7 yrs held
Spartan Upfit Services INC
since 2018
6 recorded transactions
Zoning & alternative use
I-1 · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindu…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
2,311.49 ac
Source
Realmo
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 Pompano Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompano Beach 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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,180,000
7%
$1,095,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
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
$75 / 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
$32,789
Tax year 2023
Assessed value
$1,523,040
Assessed 2023
Previous assessed
$1,472,110
+3.5% YoY
Effective rate
2.15%
On assessed value
Assessed land
$451,640
Assessed improvement
$1,071,400
Land market value
$451,640
Improvement market value
$1,071,400
Total market value
$1,523,040
Applied tax rate
1,512.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,668 SF
Lot
1.73 ac (75,273 SF)
Zoning code
I-1
APN
48-42-28-01-0373
UPID
US18-7309381
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Pompano Beach, FLZoning I-1 · permitted uses
I-1 · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindustrial development(e.g., vocational schools, business support services) or provide convenience services to industrial employees (e.g., child care facilities,gasoline filling stations, banks), as well as some uses that may be inappropriate in residential or commercial districts (e.g., animal shelter, kennel, sport shooting range).
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
2,311.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Spartan Upfit Services INC
Entity
Mailing address
603 EARTHWAY BLVD, BRISTOL, IN 46507-9182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2018
$1,900,000
Spartan Upfit Services INC
Strobes-r-us INC
Warranty Deed
—
Jun 20, 2013
$1,144,000
Strobes R Us INC
Jm Hammondville LLC
Warranty Deed
$972,400 · First Citizens Bank & Trust Co
Nov 7, 2011
$862,500
Jm Hammondville LLC
Gabrilowitz W Trust 1
Grant Deed
—
Jul 28, 2011
—
Gabrilowitz William Trust 1
Fetta,loreto G Coc
Trustees Deed
related
—
Oct 4, 2001
$520,000
Loreto C Fetta
Marinelli Real Estate Assn
Grant Deed
$520,000 · William
—
—
Loreto G Fetta
—
Deed Of Trust
related
$200,000 · Larry Vanderkerkhove
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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