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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Warehouses
2914 28th St 2924 Lauderdale Lakes, FL 33311-2028
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0309820
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
15,656 SF
Lot
1.03 ac (44,926 SF)
Zoning code
I-1
APN
49-42-29-26-0280
UPID
US19-0309820
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$4.00M
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.24M
Owner & transaction history
Lauderdale Lakes Industrial Park Jv · 4 yrs held
Lauderdale Lakes Industrial Park Jv
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
I-1 · Lauderdale Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is primarily intended for the development of non-polluting light industry and complementary entities providing opportunities for vocational training, including cosmetology, barbering, healthservices, massage and metalworking training, as well as the manufacture, processing and assembly of articles and products not involving the use of any mater…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
30.30 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.2M
+15.3%
Retail stores
$3.9M
+8.3%
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 Lauderdale Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale Lakes 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
$2,755,000
ML approach
$3,250,000
CAP Approach
CAP Return
Estimation
6%
$4,335,000
6.5%
$4,000,000
7%
$3,715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,635,000
Current use
COMMERCIAL (GENERAL)
$4,190,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,935,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±10% · vs last sale $3.25M (Jun 30 2022)
Last sale anchor
$3.25M
Jun 30 2022
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
$207 / 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
$42,185
Tax year 2023
Assessed value
$1,898,670
Assessed 2023
Previous assessed
$1,898,670
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$314,480
Assessed improvement
$1,584,190
Land market value
$314,480
Improvement market value
$1,584,190
Total market value
$1,898,670
Applied tax rate
2,012.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
15,656 SF
Lot
1.03 ac (44,926 SF)
Zoning code
I-1
APN
49-42-29-26-0280
UPID
US19-0309820
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Lauderdale Lakes, FLZoning I-1 · permitted uses
I-1 · Lauderdale Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is primarily intended for the development of non-polluting light industry and complementary entities providing opportunities for vocational training, including cosmetology, barbering, healthservices, massage and metalworking training, as well as the manufacture, processing and assembly of articles and products not involving the use of any materials, processes or machinery likely to cause undesirable effects upon nearby or adjacent business or residential property. The uses within this district shall be consistent with, but may be more restrictive than, the industrial land use plan category permitted uses. This zoning district may be applied to land designated industrial on the city's land use plan map. The minimum area for an I-1 district is one acre
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
30.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.03 ac
Current owner
From public records · entity-resolved
Lauderdale Lakes Industrial Park Jv
Individual
Free & Clear · 4 yrs held
Mailing address
4901 NW 17TH WAY STE #103, FORT LAUDERDALE, FL 33309-3770
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$3,250,000
Lauderdale Lakes Industrial Park Jv
Sunset The First LLC
Warranty Deed
—
Mar 23, 2015
$950,000
Shiral Holdings LLC
Fog Holdings 2 LLC
Warranty Deed
related
—
Mar 23, 2015
$1,200,000
Sunset First LLC
Shiral Holdings LLC
Warranty Deed
related
—
Dec 5, 2011
$550,000
Fog Holdings 2 LLC
Landmark Bank NA
Grant Deed
$375,000 · Landmark Bank
Aug 22, 2011
$713,100
Landmark Bank NA
Ember,zoltan & Lisa A
Deed In Lieu Of Foreclosure
related
—
May 11, 2006
$1,500,000
Zoltan Ember
Dessa Ents INC
Warranty Deed
$1,075,000 · Landmark Bank
Jul 22, 2004
$930,000
Dessa Ents INC
Hawthorne,richard W & Carolyn J
Grant Deed
—
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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