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Property profile & analytics
FOR LEASE
Refrigerated & Cold Storage
3225 Meridian Pkwy Weston, FL 33331
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3782075
For Lease
1 / 7
$13 SF/Yr
3225 Meridian Pkwy, Weston, FL 33331
View Listing →
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1995
Construction
CONCRETE
Total area
207,335 SF
Lot
15.85 ac (690,366 SF)
Zoning code
I-1
APN
50-40-20-02-0017
UPID
US18-3782075
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
$50.50M
CAP Approach
CAP
$52.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.50M
Owner & transaction history
Supply Properties I LLC · 2 yrs held
Supply Properties I LLC
since 2024
Last sale
$50.5M
5 recorded transactions
Zoning & alternative use
I-1 · Weston, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Weston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weston 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
$50,500,000
ML approach
$50,500,000
CAP Approach
CAP Return
Estimation
6%
$57,405,000
6.5%
$52,990,000
7%
$49,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$72,155,000
Current use
Blend value · Realmo final
$50.50M
Range $45.45M – $55.55M · ±10% · vs last sale $50.50M (Feb 28 2024)
Last sale anchor
$50.50M
Feb 28 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
$244 / 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
$647,274
Tax year 2023
Assessed value
$30,728,650
Assessed 2023
Previous assessed
$30,728,650
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$5,522,930
Assessed improvement
$25,205,720
Land market value
$5,522,930
Improvement market value
$25,205,720
Total market value
$30,728,650
Applied tax rate
3,312.0000
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
For Lease
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
207,335 SF
Lot
15.85 ac (690,366 SF)
Zoning code
I-1
APN
50-40-20-02-0017
UPID
US18-3782075
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Weston, FL
Zoning I-1 · permitted uses
I-1 · Weston, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Weston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$72.2M
WAREHOUSE, STORAGE Current
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
15.85 ac
Current owner
From public records · entity-resolved
Supply Properties I LLC
Entity
Mailing address
5200 BUFFINGTON RD, ATLANTA, GA 30349-2945
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
$50,500,000
Supply Properties I LLC
Cicf II Fl2b01 LLC
Special Warranty Deed
—
Jan 7, 2021
—
Cicf II Fl2b02 LLC
—
Deed
related
$172,000,000 · Pgim Vip Mortgage Account LP
Mar 28, 2019
$30,000,000
Cicf II Fl2b01 LLC
Lexington Lion Weston H LP
Grant Deed
—
Aug 31, 2004
$18,100,000
Lexington Lion West II
3225 Meridian Parkway LLC
Grant Deed
—
—
—
Lexington Lion Weston II
—
Deed Of Trust
related
$10,860,000 · Principal Life Insurance 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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