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

    2990 Griffin Rd Dania Beach, FL 33312

    • Investment properties
    • 3,144 SF
    • 0.19 lot acres
    For Lease
    View listing
    $36 SF/Yr
    Last Sale
    Dec 28, 2021
    $1,318,000
    Value Estimations
    $1,330,000
    Cap Rate Potential
    2.9%
    Investment properties
    Location Intelligence
    Property ID
    US18-5087283
    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

    • Lady Luck Studios / Tattoo & Piercing Shop
    • Coastal Wear / (Bike/Boat/Book/etc) Store / Printing Service
    • AmeriCabinets / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Unified Productions / Film Production / Television Studio
    • Marble Pros Polishing & Restoration / General Contractor / Renovation Specialist

    Property Details for 2990 Griffin Rd

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    3,144 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    50-42-32-12-0010
    APU
    504232120010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,655,000
      ML approach
      $1,855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,088,000
      Market price range: $327k - $1.09M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,630,000
      Current use
      MEDICAL BUILDING
      $1,465,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1823
    Latitude
    26.062
    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
    $25,911
    $76,330
    $1,110,750
    $1,187,080
    -
    $76,330
    $1,110,750
    $1,187,080

    Comparable in this City

    • Value Estimation
      $1,295,000
      3,585 SF

      2751 Broward Blvd, Unit 2761

      STORE/OFFICE (MIXED USE) • 3,585 SF
      2751 Broward Blvd, Fort Lauderdale, FL 33312-1287
      View Details
    • Value Estimation
      $520,000
      2,414 SF

      2505 Davie Blvd, Unit 2511

      STORE/OFFICE (MIXED USE) • 2,414 SF
      2505 Davie Blvd, Fort Lauderdale, FL 33312-3027
      View Details
    • Value Estimation
      $4,510,000
      14,281 SF

      300-320 2nd St

      STORE/OFFICE (MIXED USE) • 14,281 SF
      300-320 2nd St, Fort Lauderdale, FL 33312
      View Details
    • Value Estimation by Request
      1,305 SF

      329 Himmarshee St

      STORE/OFFICE (MIXED USE) • 1,305 SF
      329 Himmarshee St, Fort Lauderdale, FL 33312-1705
      View Details
    • Value Estimation
      $1,680,000
      7,359 SF

      2525 Marina Bay Dr

      STORE/OFFICE (MIXED USE) • 7,359 SF
      2525 Marina Bay Dr, Fort Lauderdale, FL 33312-2307
      View Details
    • Value Estimation by Request
      1,436 SF

      330 Himmarshee St Ste, Unit 107

      OFFICE/RESIDENTIAL (MIXED USE) • 1,436 SF
      330 Himmarshee St Ste, Fort Lauderdale, FL 33312-1711
      View Details

    Similar Nearby for Sale

    • $3,650,000

      Prime Land for Mixed-Use Development

      1.2-acre site ideal for commercial, multi-family, or mixed-use development.
      2790 W Broward Blvd, Fort Lauderdale, FL 33312
      View Details
    • $2,285,000

      Fort Lauderdale Mixed-Use Development

      Prime Location, High-Growth Potential
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      3,664 SF

      Fort Lauderdale Flex Space Investment

      Vacant 3,664 SF Flex Building, Broward County
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    • Contact for pricing
      8,327 SF

      Dania Beach Warehouse Space Available

      Warehouse space with easy access to major expressways and airport.
      2363 Stirling Rd, Dania Beach, FL 33312
      View Details
    • $3,700,000
      4,842 SF

      East Broward Boulevard Corner Property

      Corner property on East Broward Boulevard, fully leased to 4 tenants.
      1500 E Broward Blvd, Fort Lauderdale, FL 33312
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    • Contact for pricing

      Professional Office Space Available

      Office space suitable for professional, medical, or therapy practices.
      3521 W Broward Blvd, Lauderhill, FL 33312
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    Similar Nearby for Lease

    • Contact for pricing
      96,900 SF

      Fort Lauderdale Warehouse Space Available

      Prime Industrial Space, I-95 Access
      3101 42Nd St, Fort Lauderdale, FL 33312
      View Details
    • $2,000 /Mo

      Renovated Quadplex Unit For Rent

      One-bedroom, one-bathroom unit in renovated Fort Lauderdale quadruplex.
      551 SW 13Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $2,295 /Mo

      Renovated 2-Bedroom Unit Available

      Completely renovated 2-bedroom unit with modern finishes, ready now.
      1984 SW 29Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $2,100 /Mo

      Spacious Fort Lauderdale Apartment Rental

      Two-bedroom, two-bath apartment in central Fort Lauderdale, ready now.
      1175 SW 16Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $1,200 /Mo

      Furnished Fort Lauderdale Living Unit

      Renovated, furnished 1/1 unit with pool access in Fort Lauderdale.
      436 E Evanston Cir, Fort Lauderdale, FL 33312
      View Details
    • $1,800 /Mo

      Fort Lauderdale Multifamily Unit Rental

      Cozy 2 bed, 2 bath unit near downtown.
      112 SW 19Th Ave, Fort Lauderdale, FL 33312
      View Details
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    2990 Griffin Rd
    Dania Beach, FL 33312
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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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