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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
333 70th Ave Ste 205 Plantation, FL 33317-2300
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0516818
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1984
Construction
CONCRETE
Total area
940 SF
Zoning code
B-2P
APN
50-41-03-DA-0150
UPID
US19-0516818
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
by Request
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$705k
Owner & transaction history
Vmed Investments LLC · 2 yrs held
Vmed Investments LLC
since 2023
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
B-2P · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2P Central Business District is intended to apply to the principal concentration of retail, office, business and financial institutions in the City and shall be developed as a planned community development. The businesses and services of the central business district include many of those supplied in other types of business districts, but in a size, va…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
237.72 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$760,000
+94.2%
Neighborhood: shopping center
$705,000
+80.3%
Commercial (general)
$485,000
+24.1%
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 Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation 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%
$480,000
6.5%
$445,000
7%
$410,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$760,000
Change: +94% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$485,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$440,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $750k (Aug 22 2023)
Last sale anchor
$750k
Aug 22 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
$750 / 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
$4,043
Tax year 2023
Assessed value
$269,520
Assessed 2023
Previous assessed
$140,610
+91.7% YoY
Effective rate
1.50%
On assessed value
Assessed land
$26,950
Assessed improvement
$242,570
Land market value
$26,950
Improvement market value
$242,570
Total market value
$269,520
Applied tax rate
2,212.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Total area
940 SF
Zoning code
B-2P
APN
50-41-03-DA-0150
UPID
US19-0516818
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2P · Plantation, FLZoning B-2P · permitted uses
B-2P · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2P Central Business District is intended to apply to the principal concentration of retail, office, business and financial institutions in the City and shall be developed as a planned community development. The businesses and services of the central business district include many of those supplied in other types of business districts, but in a size, variety and number not generally found elsewhere. It is intended primarily for pedestrian shoppers, and those uses that are not consistent with this principal should be so located as not to interrupt the continuity of retail frontages.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
237.72 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$485,000
MEDICAL BUILDING
Est. value
$440,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1984
Construction
CONCRETE
Heating
NONE
Current owner
From public records · entity-resolved
Vmed Investments LLC
Entity
Mailing address
921 COCO PLUM WAY, PLANTATION, FL 33324-3705
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
$750,000
Vmed Investments LLC
206 Plantation Medical Arts LLC
Warranty Deed
$637,500 · First Citizens Bank & Trust Co
Sep 1, 2010
$150,000
206 Plantation Medical Arts Ll
Ullman,edward J
Warranty Deed
—
Aug 12, 2004
$160,000
Edward J Ullman
Trippensee,richard E
Warranty Deed
—
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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