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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Warehouses
2920 17th Ter 2924 Oakland Park, FL 33311-1502
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3156063
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
CONCRETE
Total area
4,982 SF
Lot
0.16 ac (7,010 SF)
Zoning code
I-1
APN
49-42-28-10-0170
UPID
US18-3156063
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
$1.18M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.18M
Owner & transaction history
Necomar LLC · 1 yrs held
Necomar LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
I-1 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+15.3%
Retail stores
$1.3M
+8.3%
Office building
$1.2M
+7.4%
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 Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park 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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,275,000
7%
$1,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,155,000
Current use
COMMERCIAL (GENERAL)
$1,335,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$1,240,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Jul 31 2024)
Last sale anchor
$1.18M
Jul 31 2024
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
$236 / 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
$15,728
Tax year 2023
Assessed value
$719,470
Assessed 2023
Previous assessed
$719,470
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$63,090
Assessed improvement
$656,380
Land market value
$63,090
Improvement market value
$656,380
Total market value
$719,470
Applied tax rate
1,712.0000
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
4,982 SF
Lot
0.16 ac (7,010 SF)
Zoning code
I-1
APN
49-42-28-10-0170
UPID
US18-3156063
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Oakland Park, FL
Zoning I-1 · permitted uses
I-1 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Necomar LLC
Entity
Mailing address
2920 NW 17TH TER #2924, OAKLAND PARK, FL 33311-1502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 31, 2024
$1,175,000
Necomar LLC
Troy Iuen
Warranty Deed
$998,750 · First Citizens Bank & Trust Co
Jan 3, 2022
$250,000
Troy Iuen
Robert Iuen
Warranty Deed
related
—
Dec 17, 2018
—
2926 Nw 17 LLC
—
Deed
related
$136,755 · First Nat'l Bk Coastal Cmnty
Jan 24, 2014
$280,000
Troy Iuen
Fulmer,paul E & Harriet
Warranty Deed
—
—
—
2926 Nw 17 LLC
—
Deed Of Trust
related
$136,755 · First Nat'l Bk Coastal Cmnty
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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