2701 State Rd 7th 2731 West Park, FL 33023-4103
Entity Owned
~
Est. High Equity
Estimated value (blended)
$2.52M
Range $2.26M – $2.77M (±10%)
Implied cap rate
4.90%
In-place · NOI ÷ last sale
Property ID
US18-1455568
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
CONCRETE
Total area
8,852 SF
Lot
0.82 ac (35,910 SF)
Zoning code
TOC
APN
51-41-25-02-1590
UPID
US18-1455568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.52M
Owner & transaction history
since 2026
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
TOC · West Park, FL
General category
UNKNOWN
Top alternative use upside
Commercial (general)
$4.1M
+86.8%
Industrial (general)
$4.1M
+84.5%
Medical building
$3.1M
+40.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.52M
Value range
$2.26M – $2.77M
±10% around blend
Estimated value / SF
$284 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.26M
blend $2.52M
$2.77M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,852 SF
Lot area
0.82 ac
Year built
1961
Stories
1
APN
51-41-25-02-1590
Assessed value
$2,698,590
Annual tax
$60,236
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.90M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.05M
@ 6.5% CAP return
$1.90M
@ 7% CAP return
$1.76M
4
Sales comparison
Partial preview
Sales approach indication
$2.84M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 11,394 SF
3.9 mi away · 10,615 SF
4.1 mi away · 6,348 SF
4.4 mi away · 8,597 SF
4.8 mi away · 10,111 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.52M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 39 sales
$249
+14%
Submarket 137 sales
$335
-15%
County 589 sales
$350
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $284/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+87%
vs current-use indication
Industrial (general)
Medical Building
Office Building
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.90%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$179k *
Last sale · Feb 2026
$2.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.64M
Move the market yield to see immediate price impact.
Value / SF
$412
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.40%4.90%5.40%
$161k
$3.65M
$3.28M
$2.97M
$179k
$4.06M
$3.64M
$3.31M
$196k
$4.46M
$4.01M
$3.64M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$900k
2.1 mi · Feb 2026 · $93/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,236
Tax year 2023
Assessed value
$2,698,590
Assessed 2023
Previous assessed
$1,002,210
+169.3% YoY
Effective rate
2.23%
On assessed value
Assessed land
$297,760
Assessed improvement
$2,400,830
Land market value
$297,760
Improvement market value
$2,400,830
Total market value
$2,698,590
Applied tax rate
3,513.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
8,852 SF
Lot
0.82 ac (35,910 SF)
Zoning code
TOC
APN
51-41-25-02-1590
UPID
US18-1455568
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC · West Park, FLZoning TOC · permitted uses
TOC · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
UNKNOWN
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
TOC
UNKNOWN
Jurisdiction
West Park, FL
Recorded code
TOC
Official district
TOC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOC in West Park, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2701 State Rd 7th, Unit 2731?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
