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Property profile & analytics
OFF-MARKET
Estimated value
$12,560,000
Warehouses
3400 20th St West Park, FL 33023-3471
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7991101
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
CONCRETE
Total area
54,001 SF
Lot
1.38 ac (60,312 SF)
Zoning code
M-1
APN
51-42-20-18-0010
UPID
US18-7991101
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
$9.73M
CAP Approach
CAP
$8.95M
Comparable Approach
Comparable
$12.58M
Blend (final)
Blend
$12.56M
Owner & transaction history
The Glove Store LLC · 4 yrs held
The Glove Store LLC
since 2022
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
M-1 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.0M
+24.0%
Office building
$16.3M
+6.6%
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 West Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Park 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
$12,005,000
ML approach
$9,725,000
CAP Approach
CAP Return
Estimation
6%
$9,695,000
6.5%
$8,950,000
7%
$8,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,285,000
Current use
MEDICAL BUILDING
$18,950,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$16,300,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$12.56M
Range $11.30M – $13.82M · ±10% · vs last sale $12.83M (Apr 28 2022)
Last sale anchor
$12.83M
Apr 28 2022
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
$233 / 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
$139,866
Tax year 2023
Assessed value
$6,479,110
Assessed 2023
Previous assessed
$5,459,570
+18.7% YoY
Effective rate
2.16%
On assessed value
Assessed land
$361,870
Assessed improvement
$6,117,240
Land market value
$361,870
Improvement market value
$6,117,240
Total market value
$6,479,110
Applied tax rate
613.0000
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
2015
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
54,001 SF
Lot
1.38 ac (60,312 SF)
Zoning code
M-1
APN
51-42-20-18-0010
UPID
US18-7991101
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · West Park, FL
Zoning M-1 · permitted uses
M-1 · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$19.0M
OFFICE BUILDING
Est. value
$16.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE 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
2015
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
The Glove Store LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 BEACON ST #2800, BOSTON, MA 02108-3107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Cicf III Fl2w01 LLC
—
Deed
related
—
Aug 2, 2024
—
Cicf III Fl2w01 LLC
—
Deed
related
$60,900,000 · State Farm Life Insurance Co
Apr 28, 2022
$12,825,000
The Glove Store LLC
Irba LLC
Special Warranty Deed
—
Apr 28, 2022
$17,800,000
Cicf III Fl Wo1 LLC
The Glove Store LLC
Special Warranty Deed
—
Nov 16, 2015
—
Riking Enterprises IV LLC
Irba LLC
Re-recorded Document
related
—
Oct 27, 2015
—
Seneca Lake Busn Center Owners
Irba LLC
Grant Deed
related
—
Mar 27, 2015
—
Irba LLC
Riking Ents IV LLC
Grant Deed
related
—
Jul 29, 2013
$386,300
Irba LLC
Riking Ents III LLC
Grant Deed
—
Jul 29, 2013
$772,500
Rikings Ents III LLC
Westwind Contracting INC
Grant Deed
—
Jan 17, 2013
$772,500
Irba LLC
Westwind Contracting INC
Grant Deed
—
Feb 23, 2012
$860,900
Riking Ents IV LLC
Westwind Contracting INC
Grant 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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