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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2899 Prospect Rd Tamarac, FL 33309-2562

    • Warehouses
    • 4,561 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1073588
    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

    • Warehouses

    Property Details for 2899 Prospect Rd

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.53 lot acres
    Property size
    4,561 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    49-42-17-10-0020
    APU
    494217100020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,165,000
      7%
      $1,080,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $884,000
      Market price range: $198k - $885k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,460,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.1833
    Latitude
    26.1949
    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
    $30,298
    $185,350
    $1,039,210
    $1,224,560
    -
    $185,350
    $1,039,210
    $1,224,560

    Comparable in this City

    • Value Estimation by Request
      63,274 SF

      3350 53Rd St

      Distribution properties • 63,274 SF
      3350 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      43,006 SF

      1052-1090 53Rd St

      Distribution properties • 43,006 SF
      1052-1090 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation by Request
      0.16 Acres

      54th St

      STORAGE YARD (JUNK, SALVAGE) • 0.16 Acres
      54th St, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation
      $2,175,000
      10,052 SF

      6601 15th Ave

      WAREHOUSE, STORAGE • 10,052 SF
      6601 15th Ave, Fort Lauderdale, FL 33309-1502
      View Details
    • Value Estimation
      $1,595,000
      5,920 SF

      6880 17th Ave

      WAREHOUSE, STORAGE • 5,920 SF
      6880 17th Ave, Fort Lauderdale, FL 33309-1524
      View Details
    • Value Estimation
      $2,375,000
      12,385 SF

      6785 17th Ave

      WAREHOUSE, STORAGE • 12,385 SF
      6785 17th Ave, Fort Lauderdale, FL 33309-1521
      View Details

    Similar Nearby for Sale

    • $8,950,000
      29,960 SF

      Fort Lauderdale Warehouse with A/C

      29,960 SF warehouse with full A/C and parking.
      1410 W Mcnab Rd, Fort Lauderdale, FL 33309
      View Details
    • $2,300,000

      Oakland Park Industrial Warehouse

      Eight-unit industrial warehouse in Oakland Park's industrial corridor.
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    • $5,495,000

      Industrial Warehouse in Fort Lauderdale

      Dock-high warehouse for sale in a desirable submarket.
      821 NW 57Th Pl, Fort Lauderdale, FL 33309
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    • Contact for pricing

      Renovated Warehouse with Office Space

      Fully renovated warehouse with office, near FXE Airport.
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      61,135 SF

      Office/Flex/Warehouse Property For Sale

      Multi-building project with flexible floor plans and ample parking.
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    • $23,500,000

      Pompano Beach Industrial/Office Property

      82,584 SF property on 6.85 acres with ample parking.
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    Similar Nearby for Lease

    • $6,400 /Mo
      14,000 SF

      Office and Warehouse Space Available

      Rare office and warehouse space in prime Fort Lauderdale location.
      1100 NW 54Th St, Fort Lauderdale, FL 33309
      View Details
    • $19 SF/Yr
      63,274 SF

      Fort Lauderdale Office/Flex Space

      Prime Broward County location, flexible suites.
      3350 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • $21 SF/Yr
      56,299 SF

      Fort Lauderdale Warehouse Space

      Prime Flex Warehouse, 2,700 SF Available
      3520-3560 56Th St, Fort Lauderdale, FL 33309
      View Details
    • $144 SF/Yr
      78,137 SF

      Pompano Beach Industrial Space

      78,137 SF Flex Space Available
      800 65Th St, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      300 SF

      Warehouse Space Near Executive Airport

      Flex space with overhead doors and easy highway access.
      1081-1087 NW 53Rd St, Fort Lauderdale, FL 33309
      View Details
    • $1,200,000
      4,860 SF

      Fort Lauderdale Warehouse Condo

      4,860 SF warehouse condo with auto use allowed.
      5300 NW 12Th Ave, Fort Lauderdale, FL 33309
      View Details
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    2899 Prospect Rd
    Tamarac, FL 33309-2562
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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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