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

    290 3rd Ave Fort Lauderdale, FL 33301-1148

    • Office buildings
    • 15,356 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $6,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4755564
    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

    • Sun Trolley / Transportation Service
    • Ft. Lauderdale transportation and mobility department / Parking Lot
    • Transportation And Mobility / Transportation Service / Public Parking Space

    Property Details for 290 3rd Ave

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.74 lot acres
    Property size
    15,356 SF
    Zone code
    RAC-CC
    Property type
    Office buildings
    APN
    50-42-10-11-0410
    APU
    504210110410

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,845,000
      6.5%
      $7,240,000
      7%
      $6,720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,029,000
      Market price range: $1.36M - $8.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1401
    Latitude
    26.1249
    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
    $0.00
    $3,399,900
    $1,480,550
    $4,880,450
    -
    $3,399,900
    $1,480,550
    $4,880,450

    Comparable in this City

    • Value Estimation
      $665,000
      1.00 Acres

      1 Broward Blvd

      OFFICE BUILDING (MULTI-STORY) • 1.00 Acres
      1 Broward Blvd, Fort Lauderdale, FL 33301-1806
      View Details
    • Value Estimation
      $3,710,000
      8,620 SF

      540 Federal Hwy

      OFFICE BUILDING (MULTI-STORY) • 8,620 SF
      540 Federal Hwy, Fort Lauderdale, FL 33301-2908
      View Details
    • Value Estimation
      $2,210,000
      6,428 SF

      550 Federal Hwy

      OFFICE BUILDING (MULTI-STORY) • 6,428 SF
      550 Federal Hwy, Fort Lauderdale, FL 33301-2908
      View Details
    • Value Estimation
      $1,875,000
      4,143 SF

      208 6th St

      OFFICE BUILDING • 4,143 SF
      208 6th St, Fort Lauderdale, FL 33301-3401
      View Details
    • Value Estimation
      $5,555,000
      18,700 SF

      315 7th St

      OFFICE BUILDING (MULTI-STORY) • 18,700 SF
      315 7th St, Fort Lauderdale, FL 33301-3158
      View Details
    • Value Estimation by Request
      450 SF

      613 1st Ave

      OFFICE BUILDING • 450 SF
      613 1st Ave, Fort Lauderdale, FL 33301-3122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      101,840 SF

      Class A Office Building

      Seven-story Class A office building with retail and restaurant space.
      550 South Andrews Ave, Fort Lauderdale, FL 33301
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    • $18,000,000
      39,826 SF

      Cumberland Building For Sale

      The Cumberland Building For Sale
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      View Details
    • $1,050,000

      Downtown Fort Lauderdale Freestanding Office

      Freestanding office building in downtown Fort Lauderdale near Las Olas.
      620 W Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      183,596 SF

      Fort Lauderdale Office Building For Sale

      Prime location in Fort Lauderdale's Central Business District.
      12 SE 7Th St, Fort Lauderdale, FL 33301
      View Details
    • $1,499,000
      1,923 SF

      Fort Lauderdale Office Building For Sale

      Office building with expansion potential in Fort Lauderdale, Florida.
      1620 SE 4Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $18,000,000
      1.72 Acres

      Downtown Fort Lauderdale Office Building

      Prime location, high-density zoning, development potential.
      800 Broward Blvd, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      3,525 SF

      Downtown Fort Lauderdale Retail/Office Space

      Class A office and retail space in emerging Solo District.
      550 S Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $18 SF/Yr
      6,901 SF

      Freestanding Office Building For Rent

      Full-building office opportunity near Brightline, Las Olas, and major roadways.
      500 NE 3Rd Ave, Fort Lauderdale, FL 33301
      View Details
    • $26 SF/Yr
      23,296 SF

      Vacant Downtown Fort Lauderdale Office

      Vacant office building in downtown Fort Lauderdale with parking.
      33 NE 2Nd St, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      4,555 SF

      Downtown Fort Lauderdale Retail/Office Building

      Free-standing building with drive-thru in booming Flagler Village.
      200 NE 3Rd Ave, Fort Lauderdale, FL 33301
      View Details
    • $35 SF/Yr
      16,088 SF

      Downtown Fort Lauderdale Office Plaza

      24-story office plaza in Downtown Fort Lauderdale with on-site amenities.
      110 E Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • $22 SF/Yr
      23,296 SF

      Fort Lauderdale Office Building

      Entirely vacant, prime location.
      33 2Nd St, Fort Lauderdale, FL 33301
      View Details
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    290 3rd Ave
    Fort Lauderdale, FL 33301-1148
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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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