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Property profile & analytics
OFF-MARKET
Estimated value
$11,250,000
Retail space
3128 Federal Hwy 3150 Lighthouse Point, FL 33064-6738
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4362936
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
CONCRETE
Total area
11,097 SF
Lot
1.19 ac (52,051 SF)
Zoning code
B-3A
APN
48-43-19-00-0130
UPID
US18-4362936
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
$11.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.25M
Owner & transaction history
Melek Of Florida LLC · 2 yrs held
Melek Of Florida LLC
since 2024
Last sale
$11.3M
3 recorded transactions
Zoning & alternative use
B-3A · Lighthouse Point, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+181.3%
Auto repair, garage
$8.1M
+146.1%
Neighborhood: shopping center
$7.2M
+119.0%
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 Lighthouse Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lighthouse Point 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
$11,250,000
ML approach
$11,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,310,000
Change: +181% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,145,000
Change: +146% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,245,000
Change: +119% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,880,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$11.25M
Range $10.13M – $12.38M · ±10% · vs last sale $11.25M (Apr 26 2024)
Last sale anchor
$11.25M
Apr 26 2024
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
$1,014 / 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
$71,977
Tax year 2023
Assessed value
$3,653,150
Assessed 2023
Previous assessed
$3,653,150
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,041,020
Assessed improvement
$2,612,130
Land market value
$1,041,020
Improvement market value
$2,612,130
Total market value
$3,653,150
Applied tax rate
1,411.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,097 SF
Lot
1.19 ac (52,051 SF)
Zoning code
B-3A
APN
48-43-19-00-0130
UPID
US18-4362936
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3A · Lighthouse Point, FL
Zoning B-3A · permitted uses
B-3A · Lighthouse Point, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lighthouse Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1993
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Melek Of Florida LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1800 N FEDERAL HWY STE #210, POMPANO BEACH, FL 33062-1021
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
$11,250,000
Melek Of Florida LLC
Elmore Moose LLC
Warranty Deed
—
Nov 20, 2018
$7,000,000
Elmore Moose LLC
Lighthouse 3110 LLC
Warranty Deed
—
Dec 30, 2003
—
3110 North Federal LLC
Lang,ira
Grant Deed
related
—
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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