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Property profile & analytics
OFF-MARKET
Estimated value
$11,595,000
Warehouses
4000 124th Ave 4006 Coral Springs, FL 33065-2411
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-2657876
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
28,088 SF
Lot
3.1 ac (135,080 SF)
Zoning code
IRD
APN
48-41-18-13-0050
UPID
US18-2657876
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
$11.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$11.60M
Owner & transaction history
4000 4006 Nw 124 Ave Coral Springs · 4 yrs held
4000 4006 Nw 124 Ave Coral Springs
since 2021
Last sale
$12.0M
4 recorded transactions
Zoning & alternative use
IRD · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.3M
+114.4%
Industrial (general)
$17.4M
+103.5%
Commercial (general)
$14.8M
+72.8%
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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
$16,020,000
ML approach
$11,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,345,000
Change: +114% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$17,410,000
Change: +103% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,790,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$9,860,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$8,480,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$11.60M
Range $10.44M – $12.75M · ±10% · vs last sale $12.00M (Dec 27 2021)
Last sale anchor
$12.00M
Dec 27 2021
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
$413 / 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
$168,112
Tax year 2023
Assessed value
$8,470,170
Assessed 2023
Previous assessed
$6,407,580
+32.2% YoY
Effective rate
1.98%
On assessed value
Assessed land
$945,560
Assessed improvement
$7,524,610
Land market value
$945,560
Improvement market value
$7,524,610
Total market value
$8,470,170
Applied tax rate
2,812.0000
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
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
28,088 SF
Lot
3.1 ac (135,080 SF)
Zoning code
IRD
APN
48-41-18-13-0050
UPID
US18-2657876
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IRD · Coral Springs, FL
Zoning IRD · permitted uses
IRD · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.3M
INDUSTRIAL (GENERAL)
Est. value
$17.4M
COMMERCIAL (GENERAL)
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$9.9M
OFFICE BUILDING
Est. value
$8.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
4000 4006 Nw 124 Ave Coral Springs
Individual
Free & Clear · 4 yrs held
Mailing address
4006 NW 124TH AVE, CORAL SPRINGS, FL 33065-2411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 27, 2021
$12,000,000
4000 4006 Nw 124 Ave Coral Springs
Mcm Coral Springs LLC
Special Warranty Deed
—
Jul 25, 2019
$6,750,000
Mcm Coral Springs LLC
Solutionex Real Estate LLC
Warranty Deed
$32,215,700 · Bankunited Fsb
Feb 3, 2005
$1,000,000
Solutionex Real Estate LLC
Coral West LLC
Warranty Deed
$3,600,000 · Bank Of America
Feb 6, 2004
$1,033,600
Pan American At Coral Springs
—
Grant Deed
related
—
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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