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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Commercial land
3018 Hbr Dr Fort Lauderdale, FL 33316-2410
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-5549480
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1953
Construction
CONCRETE
Total area
5,638 SF
Lot
0.43 ac (18,827 SF)
Zoning code
RMH-60
APN
50-42-12-24-0220
UPID
US18-5549480
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
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.49M
Owner & transaction history
3001-18 Harbor Drive LLC · 7 yrs held
3001-18 Harbor Drive LLC
since 2018
2 recorded transactions
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
Top alternative use upside
Office building
$3.0M
+1.4%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,920,000
Current use
OFFICE BUILDING
$2,960,000
Change: +1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,650,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$2,625,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$2,530,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±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
$442 / 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
$36,095
Tax year 2023
Assessed value
$2,824,050
Assessed 2023
Previous assessed
$2,824,050
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,824,050
Land market value
$2,824,050
Total market value
$2,824,050
Applied tax rate
312.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
5,638 SF
Lot
0.43 ac (18,827 SF)
Zoning code
RMH-60
APN
50-42-12-24-0220
UPID
US18-5549480
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-60 · Fort Lauderdale, FLZoning RMH-60 · permitted uses
RMH-60 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
3001-18 Harbor Drive LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1314 E LAS OLAS BLVD #1084, FORT LAUDERDALE, FL 33301-2334
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2018
$17,270,000
3001-18 Harbor Drive LLC
Riviera Res Club Developers In
Grant Deed
—
Sep 6, 2000
$6,750,000
Riviera Resort Club Developers
Bahia Cabana Ltd
Grant Deed
$3,500,000 · Bridgeview Bank & Trust
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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