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    3245 Meridian Pkwy Weston, FL 33331
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    Property profile & analytics

    3245 Meridian Pkwy, Weston, FL 33331

    View on Map
    • Distribution centers
    • 230,976 SF
    • 15.88 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Weston Warehouse Space Available For Lease
    $15 SF/Yr
    201,845 SF

    Weston Warehouse Space Available

    Conveniently located warehouse space in Weston, Florida, for lease.

    3245 Meridian Parkway, Weston, FL 33331
    View Listing
    Property ID
    US19-0808057
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 3245 Meridian Pkwy

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    15.88 lot acres
    Zone code
    I-1
    Property type
    Distribution centers
    APN
    50-40-20-02-0013
    APU
    504020020013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2025 $56,000,000 Airef Meridian Pkwy Lc LLC Cicf II Fl2b02 LLC Warranty Deed —
    Sep 26, 2025 — Airef Meridian Pkwy Lc LLC Cicf II Fl2b02 LLC Quitclaim Deed · related —
    Jan 7, 2021 — Cicf II Fl2b01 LLC — Deed · related $172M · Vip Gp Ltd
    Mar 28, 2019 $33,050,000 Cicf II Fl2b02 LLC Lexington Lion Weston I LP Grant Deed —
    Aug 31, 2004 $12,500,000 Lion Weston I Lexington Cc Fort Lauderdale LLC Grant Deed —
    Dec 22, 2000 $10,618,200 Cc Fort Lauderdale LLC Petula Associates Ltd Grant Deed $5M · Pfg Ctl Mortgage LLC
    — — Lion Weston I Lexington — Deed Of Trust · related $7.5M · Principal Life Insurance Co
    — — Cicf II-fl2b02 LLC — Deed Of Trust · related $172M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $63,950,000
      6.5%
      $59,030,000
      7%
      $54,815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $79,146,000
      Market price range: $47.4M - $125M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $80,380,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Broward
    State
    Florida
    Longitude
    -80.37
    Latitude
    26.0784
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $661,848
    $5,533,540
    $27,363,420
    $32,896,960
    -
    $5,533,540
    $27,363,420
    $32,896,960

    Comparable in this City

    • Value Estimation by Request

      2855 Corporate Lakes Blvd

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      View Details
    • Value Estimation
      $18,790,000
      127,096 SF

      3350 Enterprise Ave

      WAREHOUSE, STORAGE
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      View Details
    • Value Estimation
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      102,516 SF

      3200 Meridian Pkwy

      WAREHOUSE, STORAGE
      3200 Meridian Pkwy, Weston, FL 33331-3586
      View Details
    • Value Estimation
      $9,975,000
      79,190 SF

      2707 Executive Park Ln

      MINI-WAREHOUSE, STORAGE
      2707 Executive Park Ln, Weston, FL 33331-3648
      View Details
    • Value Estimation
      $10,155,000
      70,280 SF

      15701 41st St

      MINI-WAREHOUSE, STORAGE
      15701 41st St, Davie, FL 33331-1502
      View Details
    • Value Estimation
      $7,875,000
      10,320 SF

      3255 Meridian Pkwy

      COLD STORAGE
      3255 Meridian Pkwy, Weston, FL 33331-3503
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
      201,845 SF

      Weston Warehouse Space Available

      Conveniently located warehouse space in Weston, Florida, for lease.
      3245 Meridian Pkwy, Weston, FL 33331
      View Details
    • $13 SF/Yr
      201,845 SF

      Industrial Building Near I-75

      Class A industrial building with cross-dock and manufacturing/distribution capabilities.
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    • $17 SF/Yr
      48,420 SF

      Weston Warehouse Space Available

      48,420 sqft warehouse space for lease in Weston.
      2955 West Corporate Lakes Blvd, Weston, FL 33331
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      6,600 SF

      Warehouse Space Available For Sublease

      6,600 SF warehouse space available now through June 2024.
      15951 SW 41St St, Davie, FL 33331
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      5,360 SF

      Pointe West I Flex Space

      Flex space available for rent in Davie, Florida.
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      Class A Industrial Space Davie

      Class A industrial space in Southwest Broward County for lease.
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    Weston, FL 33331
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3245 Meridian Pkwy, Weston, FL, 33331
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