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Property profile & analytics
OFF-MARKET
Estimated value
$9,005,000
Refrigerated & Cold Storage
3220 2nd Ave Fort Lauderdale, FL 33315-3314
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6132049
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1965
Construction
CONCRETE
Total area
11,605 SF
Lot
0.43 ac (18,587 SF)
Zoning code
I
APN
50-42-22-19-0220
UPID
US18-6132049
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
-
Service Cold Storage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.01M
Owner & transaction history
Rio Chico Investments LLC · 3 yrs held
Rio Chico Investments LLC
since 2023
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
I · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.9M
+86.6%
Auto repair, garage
$9.4M
+77.1%
Neighborhood: shopping center
$8.7M
+64.4%
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
$9,620,000
ML approach
$9,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,910,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,405,000
Change: +77% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,730,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,010,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$5,495,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,455,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$5,410,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$9.01M
Range $8.10M – $9.91M · ±10% · vs last sale $8.50M (Apr 18 2023)
Last sale anchor
$8.50M
Apr 18 2023
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
$776 / 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
$26,499
Tax year 2023
Assessed value
$1,310,800
Assessed 2023
Previous assessed
$1,310,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$148,700
Assessed improvement
$1,162,100
Land market value
$148,700
Improvement market value
$1,162,100
Total market value
$1,310,800
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
11,605 SF
Lot
0.43 ac (18,587 SF)
Zoning code
I
APN
50-42-22-19-0220
UPID
US18-6132049
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Fort Lauderdale, FL
Zoning I · permitted uses
I · 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
RESTAURANT
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.4M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Rio Chico Investments LLC
Entity
Mailing address
3220 SW 2ND AVE, FORT LAUDERDALE, FL 33315-3314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$8,500,000
Rio Chico Investments LLC
C Eagle Reel Estate LLC
Warranty Deed
$7,400,000 · C Eagle Reel Estate LLC
Jun 29, 2020
$4,550,000
C-eagle Reel Estate LLC
Bjh Cold Storage LLC
Grant Deed
—
Mar 24, 2016
$2,568,400
Bjh Cold Storage LLC
3220 Warehouse Corp
Warranty Deed
—
—
—
3220 Warehouse Corp
—
Deed Of Trust
related
$3,500,000 · Northern Trust Co
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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