2890 State Rd 84th Ste 117 Fort Lauderdale, FL 33312-4828
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$930k
Range $837k – $1.02M (±10%)
Implied cap rate
2.20%
In-place · NOI ÷ last sale
Property ID
US18-2639931
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
CONCRETE
Total area
1,223 SF
Lot
0.03 ac (1,259 SF)
Zoning code
C-3
APN
50-42-20-AC-0170
UPID
US18-2639931
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
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
since 2023
Last sale
$885,000
3 recorded transactions
Zoning & alternative use
C-3 · Fort Lauderdale, FL
Top alternative use upside
Auto repair, garage
$990,000
+104.2%
Neighborhood: shopping center
$920,000
+89.6%
Commercial (general)
$635,000
+30.5%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$930k
Value range
$837k – $1.02M
±10% around blend
Estimated value / SF
$760 / SF
Confidence
High
12 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
$837k
blend $930k
$1.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,223 SF
Lot area
0.03 ac
Year built
2006
APN
50-42-20-AC-0170
Assessed value
$278,220
Annual tax
$8,341
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$548k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 1,000 SF
5.3 mi away · 1,067 SF
6.1 mi away · 1,152 SF
6.1 mi away · 1,464 SF
6.8 mi away · 1,032 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$930k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 93 sales
$397
+92%
Submarket 671 sales
$348
+119%
County 1610 sales
$325
+134%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $760/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+104%
vs current-use indication
Neighborhood: Shopping Center
Commercial (general)
Medical Building
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 · 12 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
2.20%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$62k *
Last sale · Sep 2023
$885k
* 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$2.82M
Move the market yield to see immediate price impact.
Value / SF
$2,302
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
1.70%2.20%2.70%
$56k
$3.28M
$2.53M
$2.07M
$62k
$3.64M
$2.82M
$2.29M
$68k
$4.01M
$3.10M
$2.52M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$475k
0.4 mi · Sep 2025 · $369/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,341
Tax year 2023
Assessed value
$278,220
Assessed 2023
Previous assessed
$271,890
+2.3% YoY
Effective rate
3.00%
On assessed value
Assessed land
$27,820
Assessed improvement
$250,400
Land market value
$27,820
Improvement market value
$250,400
Total market value
$278,220
Applied tax rate
412.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Total area
1,223 SF
Lot
0.03 ac (1,259 SF)
Zoning code
C-3
APN
50-42-20-AC-0170
UPID
US18-2639931
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Fort Lauderdale, FLZoning C-3 · permitted uses
C-3 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
2006
Construction
CONCRETE
Heating
NONE
Lot
0.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-3
Jurisdiction
Fort Lauderdale, FL
Recorded code
C-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Fort Lauderdale, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
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.
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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.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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