Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 42nd Ave Plantation, FL 33317-2835

    • Hospitals
    • 161,451 SF
    • 8.58 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2023
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3900810
    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

    • Dr. Maria M. Rodriguez, MD / Radiologist
    • Dominguez Felipe MD / Doctor
    • Dr. Estela Pina-Rodrigues, MD / Doctor
    • Bazemore Jr Derek G MD / Emergency Care Physician
    • Stengel Ronald MD / Doctor

    Property Details for 401 42nd Ave

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    8.58 lot acres
    Property size
    161,451 SF
    Zone code
    B-HCS
    Property type
    Hospitals
    APN
    50-41-01-09-0010
    APU
    504101090010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.2052
    Latitude
    26.1265
    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
    $288,381
    $2,990,330
    $27,215,090
    $30,205,420
    -
    $2,990,330
    $27,215,090
    $30,205,420

    Comparable in this City

    • Value Estimation
      $780,000
      48,443 SF

      4250 5th St

      HOSPITAL - PRIVATE • 48,443 SF
      4250 5th St, Plantation, FL 33317-2160
      View Details
    • Value Estimation
      $360,000
      2,051 SF

      1921 44th Ter

      HOMES (RETIRED, NURSING) • 2,051 SF
      1921 44th Ter, Fort Lauderdale, FL 33317-5745
      View Details
    • Value Estimation by Request
      2,103 SF

      490 45th Ter

      HOMES (RETIRED, NURSING) • 2,103 SF
      490 45th Ter, Plantation, FL 33317-2748
      View Details
    • Value Estimation
      $1,760,000
      4,239 SF

      901 State Rd 7th 7

      MEDICAL BUILDING • 4,239 SF
      901 State Rd 7th 7, Plantation, FL 33317-4522
      View Details
    • Value Estimation
      $380,000
      1,812 SF

      4788 1st St

      HOMES (RETIRED, NURSING) • 1,812 SF
      4788 1st St, Plantation, FL 33317-3136
      View Details
    • Value Estimation
      $285,000
      1,620 SF

      4230 Broward Blvd

      MEDICAL BUILDING • 1,620 SF
      4230 Broward Blvd, Plantation, FL 33317-3704
      View Details

    Similar Nearby for Sale

    • $210,000
      18,979 SF

      Plantation Family Dollar Business

      Profitable Family Dollar Store for Sale
      6920 Cypress Rd, Plantation, FL 33317
      View Details
    • $699,900

      Triplex in Plantation, Florida

      Triplex for sale in Plantation, Florida with month-to-month tenants.
      1801 Gardenia Rd, Fort Lauderdale, FL 33317
      View Details
    • Contact for pricing

      7.82-Acre Development Site

      7.82-acre development site in Lauderdale Lakes, Florida.
      49Th Ave Northeast, Lauderdale Lakes, FL 33317
      View Details
    • $1,999,990

      Vacant Lot with Small Office

      Vacant lot with office on Peters Road, Fort Lauderdale.
      4420 Peters Rd, Fort Lauderdale, FL 33317
      View Details
    • $95,000

      Operating Boba Tea Shop For Sale

      Turnkey boba tea shop in a Publix-anchored plaza.
      Boba Tea Shop For Sale In Plantation, Plantation, FL 33317
      View Details
    • $5,800,000
      36,354 SF

      Plantation Medical Office Complex

      Two buildings, 36,354 SF, prime location.
      Plantation, FL 33317
      View Details

    Similar Nearby for Lease

    • New
      $6,170 /Mo
      17,694 SF

      Plantation Medical/Professional Suite For Rent

      Versatile suite ideal for medical, educational, or community-focused services.
      330 S State Road 7, Fort Lauderdale, FL 33317
      View Details
    • $17 SF/Yr
      20,000 SF

      Plantation Medical Office Space

      Prime Medical Office Suites Available
      7340 5Th Mnr, Plantation, FL 33317
      View Details
    • $25 SF/Yr

      Medical Office in Prime Location

      Purpose-built medical facility with exam room and ample parking.
      7050 NW 4Th St, Fort Lauderdale, FL 33317
      View Details
    • New
      $4,747 /Mo
      17,690 SF

      Plantation Medical Office Suite For Rent

      Move-in ready medical office suite near hospitals in Plantation, Florida.
      320 S State Road 7, Fort Lauderdale, FL 33317
      View Details
    • $1,750 /Mo

      Furnished Efficiency with Pool Access

      Modern, fully furnished 1-bedroom efficiency with utilities included.
      1681 SW 55Th Ave, Fort Lauderdale, FL 33317
      View Details
    • $2,500 /Mo

      Renovated Duplex Centrally Located

      Recently renovated 3-bedroom, 1-bathroom duplex for rent.
      1801-1803 SW 44Th Ter, Fort Lauderdale, FL 33317
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 42nd Ave
    Plantation, FL 33317-2835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.