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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Parking lots & garages
350 Pne Is Rd Plantation, FL 33324-1849
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0975089
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1985
Total area
31,635 SF
Lot
3.24 ac (141,181 SF)
Zoning code
M-PM
APN
50-41-04-08-0120
UPID
US18-0975089
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.03M
Owner & transaction history
Somoza LLC · 1 yrs held
Somoza LLC
since 2024
4 recorded transactions
Zoning & alternative use
M-PM · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-PM district provides development standards for Plantation Midtown to promote an orderly transformation of the district from a predominantly suburban development pattern to a denser and more active mixed-use activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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
$48,101
Tax year 2023
Assessed value
$2,422,740
Assessed 2023
Previous assessed
$1,858,010
+30.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,258,900
Assessed improvement
$163,840
Land market value
$2,258,900
Improvement market value
$163,840
Total market value
$2,422,740
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Bathrooms
6
Total area
31,635 SF
Lot
3.24 ac (141,181 SF)
Zoning code
M-PM
APN
50-41-04-08-0120
UPID
US18-0975089
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-PM · Plantation, FLZoning M-PM · permitted uses
M-PM · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-PM district provides development standards for Plantation Midtown to promote an orderly transformation of the district from a predominantly suburban development pattern to a denser and more active mixed-use activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Bathrooms
6
Lot
3.24 ac
Current owner
From public records · entity-resolved
Somoza LLC
Entity
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$480,000
Somoza LLC
Rising Hope Psychological & Consult
Warranty Deed
$768,000 · Valley National Bank
May 4, 2021
$1,850,000
Westside Medical Pine Island LLC
B2k LLC
Special Warranty Deed
$1,387,500 · The Northern Trust Co
Oct 5, 2018
$325,000
Rising Hope Psychological & Co
Lago Office Condo LLC
Warranty Deed
$243,750 · Navy FCU
Sep 18, 2018
—
Schertzer Investments LLC
—
Deed
related
$395,000 · Regions Bank
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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