Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3333 Griffin Rd Fort Lauderdale, FL 33312-5526

    • Commercial land
    • 725 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Apr 11, 2022
    $1,000,000
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0322181
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 3333 Griffin Rd

    Year built
    1956
    Lot size
    1.10 lot acres
    Property size
    725 SF
    Zone code
    RM-1
    Property type
    Commercial land
    APN
    50-42-30-03-0300
    APU
    504230030300

    Description

    This exceptional 1.2-acre property at 3333 Griffin Road in Dania Beach, Florida (zip code 33312), presents a unique investment and development opportunity. Currently zoned C-2, this versatile site offers significant potential for a variety of uses. The property includes a small, 550 square foot existing office building, suitable for immediate occupancy or potential redevelopment. The expansive lot size allows for ample space for various commercial ventures, including but not limited to an athletic center, food truck park, private or public parking facility, or a farm market. The single-tenant building offers immediate income potential or can be easily incorporated into a larger development plan. The property's location in Dania Beach provides excellent access to major transportation routes and a thriving local community. The parcel number is 504230030300. This property is available for both sale and lease, offering flexibility for prospective buyers and tenants. The existing structure is classified as Retail and Special Purpose. This is a rare opportunity to acquire a strategically located commercial property with significant upside potential in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,365,000
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $659,000
      Market price range: $177k - $660k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1882
    Latitude
    26.063
    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
    $18,642
    $962,400
    $0.00
    $962,400
    -
    $962,400
    $0.00
    $962,400

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      17th St

      VACANT COMMERCIAL LAND • 0.17 Acres
      17th St, Fort Lauderdale, FL 33312
      View Details
    • Value Estimation by Request
      0.19 Acres

      22 Ave

      VACANT COMMERCIAL LAND • 783 SF
      22 Ave, Dania Beach, FL 33312
      View Details
    • Value Estimation by Request
      0.16 Acres

      215 7th Ave

      VACANT COMMERCIAL LAND • 1,773 SF
      215 7th Ave, Fort Lauderdale, FL 33312-7100
      View Details
    • Value Estimation by Request
      0.33 Acres

      State Rd 84

      VACANT COMMERCIAL LAND • 0.33 Acres
      State Rd 84, Dania Beach, FL 33312
      View Details
    • Value Estimation
      $1,890,000
      0.21 Acres

      Griffin Rd

      VACANT COMMERCIAL LAND • 0.21 Acres
      Griffin Rd, Dania Beach, FL 33312
      View Details
    • Value Estimation by Request
      0.05 Acres

      3765 Davie Blvd

      VACANT COMMERCIAL LAND • 0.05 Acres
      3765 Davie Blvd, Fort Lauderdale, FL 33312-3401
      View Details

    Similar Nearby for Sale

    • $3,650,000

      Prime Land for Mixed-Use Development

      1.2-acre site ideal for commercial, multi-family, or mixed-use development.
      2790 W Broward Blvd, Fort Lauderdale, FL 33312
      View Details
    • $1,299,000
      0.37 Acres

      Fort Lauderdale Land with Frontage

      Land with frontage on 441/SR-7 in Fort Lauderdale, Florida.
      3936 SW 12Th Ct, Fort Lauderdale, FL 33312
      View Details
    • $790,000

      Development Opportunity Near Las Olas

      Three-lot parcel ideal for development near Las Olas Boulevard.
      1023 W Las Olas Blvd, Fort Lauderdale, FL 33312
      View Details
    • $2,650,000

      Waterfront Redevelopment Opportunity

      Waterfront triplex in Fort Lauderdale, ideal for multifamily development.
      1872 SW 29Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $3,650,000

      Prime Commercial Land Available

      1.2 acre commercial land near Downtown Fort Lauderdale.
      2790 W Broward Blvd, Fort Lauderdale, FL 33312
      View Details
    • $760,000
      0.22 Acres

      Fort Lauderdale Land Development Opportunity

      Three-lot parcel ideal for development near Las Olas Boulevard.
      1023 W Las Olas Blvd, Fort Lauderdale, FL 33312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,700 SF

      Dania Beach Industrial Site

      Single-tenant industrial site with warehouse and office space for lease.
      2765 SW 36Th St, Fort Lauderdale, FL 33312
      View Details
    • $192 SF/Yr
      1,500 SF

      Dania Beach Warehouse - 15,000 SF

      Prime Dania Beach industrial warehouse space for lease.
      5950 Anglers Ave, Fort Lauderdale, FL 33312
      View Details
    • $1,950 /Mo

      Renovated Duplex Near I-95

      Spacious, renovated 2-bedroom duplex with modern features and convenient location.
      4830 SW 27Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $29 SF/Yr
      905 SF

      Office Space Near I-95

      Office suites available near I-95, hotels, and airport.
      2901-2921 Stirling Rd, Fort Lauderdale, FL 33312
      View Details
    • $2,950 /Mo

      Remodeled 4/2 Apartment For Rent

      Remodeled 4/2 apartment with fenced yard, Section 8 welcome.
      624 SW 16Th Ave, Fort Lauderdale, FL 33312
      View Details
    • $16 SF/Yr
      28,010 SF

      Modern Industrial Space Available

      State-of-the-art industrial space for lease in Fort Lauderdale.
      2650-2666 Sw 36Th St, Fort Lauderdale, FL 33312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3333 Griffin Rd
    Fort Lauderdale, FL 33312-5526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.