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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Drug stores
2920 Davie Rd Davie, FL 33314-1609
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3328661
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
CONCRETE
Total area
12,255 SF
Lot
1.44 ac (62,656 SF)
Zoning code
RAC-RTE
APN
50-41-23-07-0010
UPID
US18-3328661
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
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$4.36M
Owner & transaction history
Nisa Cv 1 LLC · 6 yrs held
Nisa Cv 1 LLC
since 2020
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
RAC-RTE · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+75.7%
Office building
$6.7M
+63.8%
Commercial (general)
$5.7M
+38.9%
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,105,000
Current use
AUTO REPAIR, GARAGE
$7,215,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$6,725,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,700,000
Change: +39% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,630,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$4,300,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $4.65M (Mar 30 2020)
Last sale anchor
$4.65M
Mar 30 2020
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
$355 / 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
$83,051
Tax year 2023
Assessed value
$3,467,030
Assessed 2023
Previous assessed
$3,205,630
+8.2% YoY
Effective rate
2.40%
On assessed value
Assessed land
$579,570
Assessed improvement
$2,887,460
Land market value
$579,570
Improvement market value
$2,887,460
Total market value
$3,467,030
Applied tax rate
2,412.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
12,255 SF
Lot
1.44 ac (62,656 SF)
Zoning code
RAC-RTE
APN
50-41-23-07-0010
UPID
US18-3328661
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-RTE · Davie, FL
Zoning RAC-RTE · permitted uses
RAC-RTE · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL 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
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Nisa Cv 1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
999 BRICKELL AVE STE #101, MIAMI, FL 33131-3044
Ownership since
2020
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
Mar 30, 2020
$4,650,000
Nisa Cv 1 LLC
Bd Coral Way Retail LLC
Grant Deed
—
Nov 7, 2017
$3,575,000
Bd Coral Way Retail LLC
L2 Karma Fund 2 LLC
Warranty Deed
$2,500,000 · City Nat'l Bk/fl
Aug 31, 2016
—
L2 Karma Fund 2 LLC
—
Deed
related
$2,403,374 · Academy Bk
Oct 1, 2015
—
Papachristos Family Trust
Papachristos Tax Shelt Trust
Quit Claim Deed
related
—
Oct 1, 2015
$3,515,000
L2 Karma Fund 2 LLC
Papachristos Family Trust
Grant Deed
related
$2,460,500 · Academy Bk
Jul 14, 2014
—
Papachristos Family Trust
Papachristos,elias J
Quit Claim Deed
related
—
—
—
L2 Karma Fund 2 LLC
—
Loan Modification
related
$2,403,374 · Academy Bk
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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