Back to Search
Property profile & analytics
FOR SALE
Bars & Pubs
2990 W Sunrise Blvd Fort Lauderdale, FL 33311
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4484653
For Sale
1 / 45
$3,300,000
2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
View Listing →
Property summary
AI-generated overview
This exceptional commercial property in Fort Lauderdale, Florida, presents a unique investment opportunity. Located at 2990 W Sunrise Blvd, zip code 33311, this mixed-use offering comprises two single-story buildings constructed in 1962, totaling six combined folios. The property boasts a prominent billboard and includes a 4COP liquor license for an established lounge and liquor store operating successfully since 1970. This well-known business benefits from a loyal customer base and enjoys a prime location with an impressive Annual Average Daily Traffic (AADT) exceeding 48,500 vehicles. The asking price is $3,900,000. The flexible zoning allows for a variety of uses, making this an ideal investment for entrepreneurs seeking a high-traffic location with established income streams and significant development potential. The property's classification includes industrial, mixed-use, and land, offering diverse possibilities for future expansion or redevelopment. This is a rare opportunity to acquire a substantial commercial property with a proven track record in a highly desirable area of Fort Lauderdale. The combination of existing business operations and the expansive land holdings makes this a truly unique and compelling investment. Serious inquiries are encouraged.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1962
Construction
CONCRETE
Total area
5,625 SF
Lot
0.58 ac (25,260 SF)
Zoning code
B-3
APN
50-42-05-05-0830
UPID
US18-4484653
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
-
Troy's Package & Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$775k
Owner & transaction history
YVONNE GRANT LIVING TRUST
YVONNE GRANT LIVING TRUST
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+4.6%
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
by Request
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$1,230,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,290,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,200,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,195,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
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
$138 / 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
$19,501
Tax year 2023
Assessed value
$901,810
Assessed 2023
Previous assessed
$869,920
+3.7% YoY
Effective rate
2.16%
On assessed value
Assessed land
$200,200
Assessed improvement
$701,610
Land market value
$200,200
Improvement market value
$701,610
Total market value
$901,810
Applied tax rate
12.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
For Sale
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,625 SF
Lot
0.58 ac (25,260 SF)
Zoning code
B-3
APN
50-42-05-05-0830
UPID
US18-4484653
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Zoning B-3 · permitted uses
B-3 · 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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
NIGHTCLUB (COCKTAIL LOUNGE) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
YVONNE GRANT LIVING TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
6873 NW 69TH CT, TAMARAC, FL 33321-5357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
