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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Warehouses
4041 47th Ave Davie, FL 33314-4023
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2921820
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
8,840 SF
Lot
1.27 ac (55,309 SF)
Zoning code
M-3
APN
50-41-25-19-3120
UPID
US18-2921820
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
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.42M
Owner & transaction history
Star Brite Europe LLC · 3 yrs held
Star Brite Europe LLC
since 2022
Last sale
$3.6M
3 recorded transactions
Zoning & alternative use
M-3 · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+86.3%
Office building
$4.9M
+73.7%
Commercial (general)
$4.1M
+47.3%
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
$3,370,000
ML approach
$3,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,795,000
Current use
AUTO REPAIR, GARAGE
$5,205,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$4,850,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,115,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,060,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$3,100,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.60M (Aug 9 2022)
Last sale anchor
$3.60M
Aug 9 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
$387 / 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
$36,685
Tax year 2023
Assessed value
$1,724,220
Assessed 2023
Previous assessed
$1,464,850
+17.7% YoY
Effective rate
2.13%
On assessed value
Assessed land
$387,160
Assessed improvement
$1,337,060
Land market value
$387,160
Improvement market value
$1,337,060
Total market value
$1,724,220
Applied tax rate
2,413.0000
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
8,840 SF
Lot
1.27 ac (55,309 SF)
Zoning code
M-3
APN
50-41-25-19-3120
UPID
US18-2921820
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-3 · Davie, FL
Zoning M-3 · permitted uses
M-3 · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL 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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Star Brite Europe LLC
Entity
Mailing address
4041 SW 47TH AVE, DAVIE, FL 33314-4023
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
—
Star Brite Europe LLC
—
Deed
related
$4,320,000 · Truist Bank
Aug 9, 2022
$3,600,000
Star Brite Europe LLC
Peje INC
Special Warranty Deed
—
—
—
Peje INC
—
Deed Of Trust
related
$625,000 · Pnc Bank
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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