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Property profile & analytics
OFF-MARKET
Estimated value
$29,480,000
Strip malls
3800 Ocean Blvd 4032 Fort Lauderdale, FL 33308-6432
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0065170
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,976 SF
Lot
6.23 ac (271,196 SF)
Zoning code
CB
APN
49-43-19-09-0050
UPID
US18-0065170
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
Current use
Occupant on record · Public records
-
Primo Water Exchange Big Box & Wholesale Store
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Winn-Dixie Grocery & Convenience Store Food Market
-
Roya Saedi, PharmD Pharmacy
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.75M
Comparable Approach
Comparable
$26.37M
Blend (final)
Blend
$29.48M
Owner & transaction history
Gilgalt Ocean LLC · 1 yrs held
Gilgalt Ocean LLC
since 2025
Last sale
$35.4M
7 recorded transactions
Zoning & alternative use
CB · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,470,000
6.5%
$20,745,000
7%
$19,260,000
Blend value · Realmo final
$29.48M
Range $26.53M – $32.43M · ±10% · vs last sale $35.40M (Dec 31 2024)
Last sale anchor
$35.40M
Dec 31 2024
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
$440 / 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
$430,497
Tax year 2023
Assessed value
$18,847,310
Assessed 2023
Previous assessed
$19,110,790
-1.4% YoY
Effective rate
2.28%
On assessed value
Assessed land
$10,866,820
Assessed improvement
$7,980,490
Land market value
$10,866,820
Improvement market value
$7,980,490
Total market value
$18,847,310
Applied tax rate
312.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
66,976 SF
Lot
6.23 ac (271,196 SF)
Zoning code
CB
APN
49-43-19-09-0050
UPID
US18-0065170
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CB · Fort Lauderdale, FL
Zoning CB · permitted uses
CB · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.23 ac
Current owner
From public records · entity-resolved
Gilgalt Ocean LLC
Entity
Mailing address
4500 PGA BLVD STE #400, PALM BEACH GARDENS, FL 33418-3995
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$35,400,000
Gilgalt Ocean LLC
Mskp Galt Ocean LLC
Special Warranty Deed
—
Dec 20, 2018
—
Mskp Galt Ocean LLC
—
Grant Deed
related
$16,200,000 · Suntrust Bk
May 11, 2016
—
Mskp Plaza Del Mar LLC
—
Deed
related
$59,400,000 · Us Bank NA Series 2007-6 (ce)
Jun 17, 2009
$136,000
Assunto Ramolo
Forster,harry W
Warranty Deed
—
Jan 8, 2007
$8,821,800
Mskp Galt Ocean LLC
Galt Ocean Marketplace LLC
Grant Deed
—
Jan 8, 2007
$26,653,300
Mskp Galt Ocean LLC
Galt Ocean Tic Investor LLC
Grant Deed
—
May 5, 2005
$20,174,200
Galt Ocean Marketplace LLC
Dim Vastgoed Nv
Warranty Deed
$15,000,000 · Wachovia Bank NA
—
—
Mskp Plaza Del Mar LLC
—
Deed Of Trust
related
$59,400,000 · Us Bank NA Series 2007-6 (ce)
—
—
Mskp Plaza Del Mar LLC
—
Deed Of Trust
related
$59,400,000 · Merrill Lynch Mtg Lndg
—
—
Mskp Plaza Del Mar LLC
—
Loan Modification
related
$59,400,000 · Us Bank NA Series 2007-6 (ce)
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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