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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Retail residential properties
3116 Sunrise Blvd Fort Lauderdale, FL 33304-3314
Trust Owned
1-yr Hold
Property ID
US18-1141951
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1961
Construction
CONCRETE
Total area
1,962 SF
Lot
0.03 ac (1,102 SF)
Zoning code
SLA
APN
50-42-01-28-0230
UPID
US18-1141951
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
-
psychic & tarot by the beach Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.41M
Owner & transaction history
Hpt Ihg 2 Properties Trust · 1 yrs held
Hpt Ihg 2 Properties Trust
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
SLA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
County RS-6.7 - Irregular Residential RS-6.85A - Irregular Residential RS-6.85B - Irregular Residential RS-8 - Residential Single Family/Low Medium Density S-2 - County SBMHA - South Beach Marina and Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-Sout…
Zone name
Sunrise Lane Area District
General category
UNKNOWN
Zone area
22.03 ac
Top alternative use upside
Auto repair, garage
$1.6M
+2.2%
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)
$1,555,000
Current use
AUTO REPAIR, GARAGE
$1,590,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.63M (Aug 28 2020)
Last sale anchor
$2.63M
Aug 28 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
$1,226 / 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
$13,147
Tax year 2023
Assessed value
$647,280
Assessed 2023
Previous assessed
$647,280
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$165,380
Assessed improvement
$481,900
Land market value
$165,380
Improvement market value
$481,900
Total market value
$647,280
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
1,962 SF
Lot
0.03 ac (1,102 SF)
Zoning code
SLA
APN
50-42-01-28-0230
UPID
US18-1141951
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SLA · Fort Lauderdale, FLZoning SLA · permitted uses
SLA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
County RS-6.7 - Irregular Residential RS-6.85A - Irregular Residential RS-6.85B - Irregular Residential RS-8 - Residential Single Family/Low Medium Density S-2 - County SBMHA - South Beach Marina and Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-South Andrews west T - Transportation T-1 - County U - Utility UUV-NE - Uptown Urban Vi
Zone name
Sunrise Lane Area District
General category
UNKNOWN
Zone area
22.03 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Hpt Ihg 2 Properties Trust
Trust
Mailing address
1314 E LAS OLAS BLVD #1200, FORT LAUDERDALE, FL 33301-2334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
$3,850,000
Hpt Ihg 2 Properties Trust
3114 20 E Sunrise Blvd LLC
Special Warranty Deed
—
Apr 2, 2021
—
3114 20 E Sunrise Blvd LLC
—
Deed
related
$1,750,000 · Republic Bank Of Chicago
Aug 28, 2020
$2,625,000
3114-20 E Sunrise Blvd LLC
Chieftain Holdings LP
Grant Deed
$1,600,000 · Cchc Fund I LP
Apr 17, 2019
—
Chieftain Holdings LP
—
Grant Deed
related
$25,300,000 · Waygar Capital INC
Aug 15, 2016
—
Chieftain Holdings LP
—
Deed
related
$8,950,000 · Romspen Inv
May 16, 2012
—
Chieftain Holdings LP
Wek Properties LLC
Warranty Deed
related
—
Feb 22, 2010
$1,450,000
Wek Properties LLC
Ewalt,david W
Warranty Deed
—
—
—
Chieftain Holdings LP
—
Loan Modification
related
$8,950,000 · Romspen Inv
—
—
Chieftain Holdings LP
—
Deed Of Trust
related
$3,000,000 · Roomspen Investment Corp
—
—
Chieftain Holdings LP
—
Deed Of Trust
related
$2,500,000 · Romspen Investment Corp
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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