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Property profile & analytics
FOR LEASE
Warehouses
3801 W Commercial Blvd, Fort Lauderdale, FL 33309
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5140166
For Lease
1 / 6
$3,540,000
3801 W Commercial Blvd, Fort Lauderdale, FL 33309
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
CONCRETE
Total area
14,280 SF
Lot
1.04 ac (45,181 SF)
Zoning code
MU-C
APN
49-42-18-02-0071
UPID
US18-5140166
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
$3.64M
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$3.54M
Owner & transaction history
The Rapid Team INC · 4 yrs held
The Rapid Team INC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MU-C · Tamarac, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+18.7%
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
$3,485,000
ML approach
$3,635,000
CAP Approach
CAP Return
Estimation
6%
$3,955,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,565,000
Current use
RETAIL STORES
$5,420,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$3.54M
Range $3.19M – $3.89M · ±10% · vs last sale $3.47M (Feb 23 2022)
Last sale anchor
$3.47M
Feb 23 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
$248 / 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
$72,261
Tax year 2023
Assessed value
$3,111,590
Assessed 2023
Previous assessed
$3,111,590
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$361,450
Assessed improvement
$2,750,140
Land market value
$361,450
Improvement market value
$2,750,140
Total market value
$3,111,590
Applied tax rate
3,112.0000
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
For Lease
Year built
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,280 SF
Lot
1.04 ac (45,181 SF)
Zoning code
MU-C
APN
49-42-18-02-0071
UPID
US18-5140166
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-C · Tamarac, FL
Zoning MU-C · permitted uses
MU-C · Tamarac, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tamarac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
RETAIL STORES
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
The Rapid Team INC
Entity
Mailing address
3801 W COMMERCIAL BLVD, TAMARAC, FL 33309-3315
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$3,470,000
The Rapid Team INC
Svp Tile & Marble INC
Warranty Deed
$2,677,500 · Seacoast National Bank
Mar 2, 2020
—
Svp Tile & Marble INC
—
Deed
related
$700,000 · Seacoast National Bank
Feb 16, 2017
—
Svp Tile & Marble INC
Grimme,michael J & Pamela D
Grant Deed
related
—
Dec 7, 2016
$965,000
S V P Tile And Marble INC
Michael J Grimme
Warranty Deed
$772,000 · Td Bank NA
Oct 7, 2005
$1,750,000
Michael J Grimme
Mimm Properties INC
Warranty Deed
—
Oct 19, 2004
$1,200,000
Mimm Properties INC
Wellens Miriam Trust
Warranty Deed
—
Oct 19, 2004
—
Mimm Properties INC
Wellens,miriam
Quit Claim Deed
related
$840,000 · Merrill Lynch Business Finl Sv
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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