Technical
Financial
Distress signals
Property profile

404 1st Ave Fort Lauderdale, FL 33301

OFF-MARKET
Auto shops
Property ID
US18-5030921
3,550 SF 0.15 ac lot Built 1953
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1953
Construction CONCRETE
Total area 3,550 SF
Lot 0.15 ac (6,375 SF)
Zoning code RAC-UV
APN 50-42-03-02-1560
UPID US18-5030921

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

404 1st Ave Fort Lauderdale, FL 33301-3202
Fort Lauderdale metro Census 41601 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.29M
Blend (final) Blend
$3.19M

Owner & transaction history

since 2021
Last sale
$2.7M
3 recorded transactions
2021
Price N/A
2021
$2.7M
1991
Price N/A

Zoning & alternative use

RAC-UV · Fort Lauderdale, FL
Zoning description

stricts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $3.5M +20.6%
Office building $3.1M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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