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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3598 Prospect Rd Fort Lauderdale, FL 33309-2500

    • Industrial properties
    • 6,997 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $1,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2106286
    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

    • Aplin Peer & Associates / Home Insurance Agency
    • Suit Alternative International / Insurance Agency
    • Us Leasing / Financial Planner

    Property Details for 3598 Prospect Rd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    1.12 lot acres
    Property size
    6,997 SF
    Zone code
    CC
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    49-42-18-26-0060
    APU
    494218260060

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,790,000
      6.5%
      $1,650,000
      7%
      $1,535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,790,000
      Market price range: $182k - $1.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1993
    Latitude
    26.1945
    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
    $31,577
    $389,720
    $1,159,190
    $1,548,910
    -
    $389,720
    $1,159,190
    $1,548,910

    Comparable in this City

    • Value Estimation
      $8,955,000
      44,249 SF

      5410-5430 33rd Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 44,249 SF
      5410-5430 33rd Ave, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation
      $3,420,000
      5,991 SF

      1120 51st Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,991 SF
      1120 51st Ct, Fort Lauderdale, FL 33309-3138
      View Details
    • Value Estimation
      $22,470,000
      85,443 SF

      5100-5200 33rd Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 85,443 SF
      5100-5200 33rd Ave, Fort Lauderdale, FL 33309
      View Details
    • Value Estimation
      $11,855,000
      65,098 SF

      5101 21st Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 65,098 SF
      5101 21st Ave, Fort Lauderdale, FL 33309-2792
      View Details
    • Value Estimation
      $915,000
      4,874 SF

      1121 51st Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,874 SF
      1121 51st Ct, Fort Lauderdale, FL 33309-3137
      View Details
    • Value Estimation by Request
      10,368 SF

      1040 Prospect Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,368 SF
      1040 Prospect Rd, Oakland Park, FL 33309-4660
      View Details

    Similar Nearby for Sale

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      Fort Lauderdale Warehouse - $2.85M

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    • $1,260,000
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      Fort Lauderdale Industrial Property

      Industrial property available for sale in Fort Lauderdale, Florida.
      966 Nw 51St Pl, Fort Lauderdale, FL 33309
      View Details
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      Iconic Fort Lauderdale industrial building with I-95 frontage available for purchase.
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      Fort Lauderdale Warehouse Condo

      Prime location, 4,860 SF warehouse
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    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Oakland Park Industrial Space Available

      Industrial property for rent in Oakland Park, Florida.
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      View Details
    • Contact for pricing
      15,020 SF

      Fort Lauderdale Industrial Space Available

      Industrial property with direct I-95 access, near airports.
      4720 NW 15Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $16 SF/Yr
      55,825 SF

      Fort Lauderdale Flex Space Available

      Prime Flex Space, 2,000 SF Available
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      View Details
    • $25 SF/Yr
      9,100 SF

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      Single-tenant warehouse, ideal location.
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      View Details
    • $20 SF/Yr
      34,937 SF

      Fort Lauderdale Flex Space Available

      Air-conditioned flex spaces available near Fort Lauderdale Executive Airport.
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      View Details
    • Contact for pricing
      28,135 SF

      Industrial Land with Warehouse Buildings

      Industrial property with four buildings totaling 28,135 SF for rent.
      2601 NW 55Th Ct, Fort Lauderdale, FL 33309
      View Details
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    3598 Prospect Rd
    Fort Lauderdale, FL 33309-2500
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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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