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    3401 State Rd 7th 7 Davie, FL 33314-2226
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    Property profile & analytics

    3401 State Rd 7th 7, Davie, FL 33314-2226

    View on Map
    • Warehouses
    • 3,325 SF
    • 8.40 lot acres
    Off-Market
    Property ID
    US18-2921819
    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
    $685,000
    Show details
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3401 State Rd 7th 7

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    8.40 lot acres
    Zone code
    M-3 (COUNTY)
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    50-41-24-12-0030
    APU
    504124120030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2011 — Ssti 3401 South State Rd 7 LLC — Deed Of Trust · related $39.4M · Prudential Insurance Co
    Jul 15, 2010 $5,470,000 Ssti 3401 South State Rd 7 LLC Ess Prisa II LLC Grant Deed —
    Jul 26, 2005 — Ess Prisa II LLC Susa Ptshp Grant Deed —
    — — Ess Properties 114 LLC — Loan Modification · related $300M · Wells Fargo Bk
    — — Ssti 3401 South State Rd 7 LLC — Deed Of Trust · related $2.7M · Miscellaneous Ins Co
    — — Ssti 3401 South State Rd 7 LLC — Deed Of Trust · related $3M · Prudential Insurance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $767,000
      Market price range: $146k - $768k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,050,000
      Current use
      RETAIL STORES
      $1,115,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2055
    Latitude
    26.0803
    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
    $326,899
    $2,562,450
    $12,910,910
    $15,473,360
    -
    $2,562,450
    $12,910,910
    $15,473,360

    Comparable in this City

    • Value Estimation
      $4,205,000
      33,396 SF

      4701 Orange Dr

      MINI-WAREHOUSE, STORAGE
      4701 Orange Dr, Davie, FL 33314-3901
      View Details
    • Value Estimation
      $10,320,000
      80,334 SF

      4255 64th Ave

      MINI-WAREHOUSE, STORAGE
      4255 64th Ave, Davie, FL 33314-3433
      View Details
    • Value Estimation
      $3,205,000
      24,880 SF

      4701 4747th Sw 45th St

      MINI-WAREHOUSE, STORAGE
      4701 4747th Sw 45th St, Davie, FL 33314
      View Details
    • Value Estimation
      $2,765,000
      11,132 SF

      4701 Orange Dr

      MINI-WAREHOUSE, STORAGE
      4701 Orange Dr, Davie, FL 33314-3901
      View Details
    • Value Estimation
      $11,820,000
      99,201 SF

      4021 47th Ave

      MINI-WAREHOUSE, STORAGE
      4021 47th Ave, Davie, FL 33314-4023
      View Details
    • Value Estimation
      $780,000
      2,466 SF

      4501 54th St

      MINI-WAREHOUSE, STORAGE
      4501 54th St, Fort Lauderdale, FL 33314-6737
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      676,043 SF Industrial Facilities

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    • New
      $4,300,000
      15,000 SF

      M-3 Zoned Warehouse

      A versatile warehouse on nearly an acre, positioned for convenient highway access and flexible owner or tenant use.
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    • Contact for pricing

      Renovated Flex Space Opportunity

      Renovated building suitable for retail, office, warehouse, or flex space.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      145,800 SF

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      Class A warehouse, 48,600 SF available.
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    • Contact for pricing
      2,148 SF

      Davie Warehouse and Flex Space

      Warehouse complex with flex, industrial, and office space available.
      4650 SW 51St St, Davie, FL 33314
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    • $17 SF/Yr
      97,200 SF

      Davie Logistics Center Availability

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    • Contact for pricing
      2,593 SF

      Warehouse Units Near Hard Rock

      Warehouse units for lease near major transportation hubs.
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    • Contact for pricing
      5,210 SF

      Warehouse Space Near Major Hubs

      Warehouse units for lease near airport, turnpike, and Hard Rock.
      4651 SW 51St St, Davie, FL 33314
      View Details
    • Contact for pricing

      Davie Warehouse and Office Complex

      Flex, industrial, and office spaces near major highways.
      4990 SW 52Nd St, Davie, FL 33314
      View Details
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    Davie, FL 33314-2226
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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.

    More about this property
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