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Property profile & analytics
OFF-MARKET
Estimated value
$7,320,000
Retail space
2860 Federal Hwy Fort Lauderdale, FL 33306-1426
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6119203
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
CONCRETE
Total area
15,979 SF
Lot
1.11 ac (48,398 SF)
Zoning code
B-1
APN
49-42-25-04-4620
UPID
US18-6119203
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
Current use
Occupant on record · Public records
-
Ferguson Bath, Kitchen & Lighting Gallery Kitchen & Bath Showroom Furniture & Home Goods
-
Ferguson Plumbing Supply Plumbing Service Building Supply
-
Kitchen Art Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.11M
Blend (final)
Blend
$7.32M
Owner & transaction history
June 36 Properties LLC · 5 yrs held
June 36 Properties LLC
since 2021
Last sale
$7.1M
5 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.0M
+98.3%
Commercial (general)
$8.3M
+36.5%
Industrial (general)
$7.5M
+23.9%
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$7,820,000
ML approach
$8,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,025,000
Change: +98% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,275,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,510,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,445,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,560,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.59M – $8.05M · ±10% · vs last sale $7.08M (May 17 2021)
Last sale anchor
$7.08M
May 17 2021
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
$458 / 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
$126,184
Tax year 2023
Assessed value
$6,134,990
Assessed 2023
Previous assessed
$6,134,990
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,209,780
Assessed improvement
$4,925,210
Land market value
$1,209,780
Improvement market value
$4,925,210
Total market value
$6,134,990
Applied tax rate
312.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
15,979 SF
Lot
1.11 ac (48,398 SF)
Zoning code
B-1
APN
49-42-25-04-4620
UPID
US18-6119203
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$5.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.11 ac
Current owner
From public records · entity-resolved
June 36 Properties LLC
Entity
Mailing address
17701 BISCAYNE BLVD STE #300, AVENTURA, FL 33160-4875
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$7,075,000
June 36 Properties LLC
2860 North Federal Highway LLC
Special Warranty Deed
$4,245,000 · City National Bank Of Florida
Nov 22, 2016
—
2860 North Federal Highway LLC
—
Deed
related
$3,175,000 · Stonegate Bk
Jan 31, 2008
—
2860 North Fedl Highway
Owner,record
Grant Deed
related
—
Jul 12, 2007
—
2860 North Federal Highway LLC
Castro,bernadette
Grant Deed
—
—
—
2860 North Federal Highway LLC
—
Loan Modification
related
$3,175,000 · Stonegate Bk
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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