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Property profile & analytics
OFF-MARKET
Estimated value
$8,060,000
Drug stores
3099 State Rd 7th 7 Lauderdale Lakes, FL 33313-1913
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-9832816
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Construction
CONCRETE
Total area
15,568 SF
Lot
2.31 ac (100,608 SF)
Zoning code
B-3
APN
49-41-25-42-0010
UPID
US18-9832816
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
$8.87M
Blend (final)
Blend
$8.06M
Owner & transaction history
Laulima Spirit LLC · 5 yrs held
Laulima Spirit LLC
since 2020
Last sale
$8.1M
2 recorded transactions
Zoning & alternative use
B-3 · Lauderdale Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.3M
+125.1%
Auto repair, garage
$12.6M
+113.6%
Commercial (general)
$8.1M
+36.5%
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 Lauderdale Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale Lakes 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
RETAIL STORES
$5,905,000
Current use
RESTAURANT
$13,295,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,615,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,065,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,315,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,255,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$8.06M
Range $7.25M – $8.87M · ±10% · vs last sale $8.14M (Aug 18 2020)
Last sale anchor
$8.14M
Aug 18 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
$518 / 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
$107,980
Tax year 2023
Assessed value
$4,307,550
Assessed 2023
Previous assessed
$4,172,270
+3.2% YoY
Effective rate
2.51%
On assessed value
Assessed land
$2,540,350
Assessed improvement
$1,767,200
Land market value
$2,540,350
Improvement market value
$1,767,200
Total market value
$4,307,550
Applied tax rate
2,012.0000
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
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
15,568 SF
Lot
2.31 ac (100,608 SF)
Zoning code
B-3
APN
49-41-25-42-0010
UPID
US18-9832816
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Lauderdale Lakes, FL
Zoning B-3 · permitted uses
B-3 · Lauderdale Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lauderdale Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
RESTAURANT
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$12.6M
COMMERCIAL (GENERAL)
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Laulima Spirit LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
$8,141,600
Laulima Spirit LLC
Ds Lauderdale Lks Fl Landlord
Grant Deed
—
Apr 29, 2020
$6,997,600
Ds Lauderdale Lks Fl Landlord
Walgreen Co
Grant Deed
—
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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