Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,110,000
Warehouses
3233 2nd Ave Fort Lauderdale, FL 33315-3335
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0284699
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
9,585 SF
Lot
0.57 ac (24,841 SF)
Zoning code
I
APN
50-42-22-08-1580
UPID
US19-0284699
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
-
Medical Support Offshore (MSOS) - Fort Lauderdale Medical Supply Store Marine Supply Store
-
Bluewater Books & Charts (Bike/Boat/Book/etc) Store
-
Telemar Yachting Americas Corporate Office
-
Eco-Safeway Big Box & Wholesale Store
-
Star LED Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.11M
Owner & transaction history
Ml Vintage LLC · 16 yrs held
Ml Vintage LLC
since 2009
7 recorded transactions
Zoning & alternative use
I · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+13.2%
Office building
$4.5M
+3.5%
Industrial (general)
$4.5M
+2.7%
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%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,385,000
Current use
COMMERCIAL (GENERAL)
$4,965,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$4,540,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,505,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$4,465,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.80M – $3.42M · ±10%
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
$324 / 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
$57,271
Tax year 2023
Assessed value
$3,163,790
Assessed 2023
Previous assessed
$2,489,110
+27.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$248,410
Assessed improvement
$2,915,380
Land market value
$248,410
Improvement market value
$2,915,380
Total market value
$3,163,790
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
9,585 SF
Lot
0.57 ac (24,841 SF)
Zoning code
I
APN
50-42-22-08-1580
UPID
US19-0284699
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
WAREHOUSE, STORAGE Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE Current
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Ml Vintage LLC
Entity
Mailing address
3 REUTEN DRE, CLOSTER, NJ 07624-2123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Ml Vintage LLC
—
Deed
related
$2,000,000 · Pinnacle Bank
Dec 9, 2009
$1,600,000
Ml Vintage LLC
Mace Security Products INC
Grant Deed
$1,120,000 · Bank Of Fl-se
May 24, 2004
$1,500,000
Mace Security Products INC
Jennings,larry A
Grant Deed
related
—
Dec 10, 1997
$585,000
L N J Enterprises INC
Dowsett,claudia A
Grant Deed
$292,500 · Barnett Bank
Apr 18, 1997
—
Notowitz Investments INC
Dowsett,michael A
Trustees Deed
related
—
—
—
Ml Vintage LLC
—
Loan Modification
related
$936,000 · Legacy Bk/fl
—
—
Ml Vintage LLC
—
Deed Of Trust
related
$1,000,000 · Everbank
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?”
You own 3233 2nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
