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Property profile & analytics
FOR SALE
Investment properties
2990 Griffin Rd Fort Lauderdale, FL 33312
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5087283
For Sale
1 / 19
$2,399,000
2990 Griffin Rd, Fort Lauderdale, FL 33312
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1971
Construction
CONCRETE
Total area
3,144 SF
Lot
0.19 ac (8,481 SF)
Zoning code
C-2
APN
50-42-32-12-0010
UPID
US18-5087283
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.33M
Owner & transaction history
2990 Griffin LLC · 4 yrs held
2990 Griffin LLC
since 2021
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C-2 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$1,655,000
ML approach
$1,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,630,000
Current use
MEDICAL BUILDING
$1,465,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.32M (Dec 28 2021)
Last sale anchor
$1.32M
Dec 28 2021
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
$423 / 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
$25,911
Tax year 2023
Assessed value
$1,187,080
Assessed 2023
Previous assessed
$1,187,080
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$76,330
Assessed improvement
$1,110,750
Land market value
$76,330
Improvement market value
$1,110,750
Total market value
$1,187,080
Applied tax rate
413.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
3,144 SF
Lot
0.19 ac (8,481 SF)
Zoning code
C-2
APN
50-42-32-12-0010
UPID
US18-5087283
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Fort Lauderdale, FL
Zoning C-2 · permitted uses
C-2 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
2990 Griffin LLC
Entity
Mailing address
4576 N HIATUS RD, SUNRISE, FL 33351-7988
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 20, 2025
—
2990 Griffin LLC
—
Deed
related
$1,120,000 · Ocean Bank
Dec 28, 2021
$1,318,000
2990 Griffin LLC
2990 Griffin Road LLC
Special Warranty Deed
$718,000 · Imc Private Capital LLC
Sep 7, 2018
$960,000
2990 Griffin Road LLC
Jennruss INC
Grant Deed
—
Feb 3, 2005
—
Jennruss INC
Jacobs,roy & Phyllis
Grant Deed
—
—
—
Jennruss INC
—
Deed Of Trust
related
$28,136 · Colonial Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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