Back to Search
Property profile & analytics
FOR SALE
Office buildings
405 SW 148Th Ave Davie, FL 33325
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-5299579
For Sale
1 / 120
$11,900,000
405 SW 148Th Ave, Davie, FL 33325
View Listing →
Property summary
AI-generated overview
This exceptional mixed-use property, situated on approximately two acres at 405 SW 148th Avenue in Davie, Florida, presents a compelling investment opportunity. The expansive 37,992 square foot building offers versatile light industrial and multi-flex space, perfectly suited for a variety of businesses. Its strategic location just off the intersection of I-75 and 595 ensures unparalleled accessibility and high visibility, providing significant advantages for attracting customers and employees. The property boasts 81 dedicated parking spaces, eliminating concerns about parking availability and enhancing the overall convenience for both staff and clients. The building's design and layout are adaptable to a wide range of industrial, warehouse, or mixed-use purposes, making it an ideal choice for businesses seeking a functional and strategically located space. The combination of its prime location, substantial square footage, ample parking, and flexible design makes this property a rare find in the competitive Davie market. This is an excellent opportunity to acquire a high-value asset with significant potential for growth and return on investment. The property is offered at $11,900,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
CONCRETE
Total area
26,494 SF
Lot
1.68 ac (73,271 SF)
Zoning code
M-1
APN
50-40-09-14-0010
UPID
US18-5299579
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.23M
Owner & transaction history
405 Sw R & E Co LLC · 8 yrs held
405 Sw R & E Co LLC
since 2018
5 recorded transactions
Zoning & alternative use
M-1 · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10%
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
$84 / 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
$98,272
Tax year 2023
Assessed value
$4,086,690
Assessed 2023
Previous assessed
$3,535,610
+15.6% YoY
Effective rate
2.40%
On assessed value
Assessed land
$586,170
Assessed improvement
$3,500,520
Land market value
$586,170
Improvement market value
$3,500,520
Total market value
$4,086,690
Applied tax rate
2,412.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
26,494 SF
Lot
1.68 ac (73,271 SF)
Zoning code
M-1
APN
50-40-09-14-0010
UPID
US18-5299579
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Davie, FL
Zoning M-1 · permitted uses
M-1 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
405 Sw R & E Co LLC
Entity
Mailing address
405 SW 148TH AVE, DAVIE, FL 33325-3058
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2018
$3,100,000
405 Sw R & E Co LLC
Ff Tower Group LLC
Warranty Deed
—
Apr 24, 2015
$1,880,000
Ff Towers Group LLC
Bns International INC
Warranty Deed
—
Apr 2, 2003
$1,021,000
Phillips Fire Sprinklers INC
Bns International INC
Grant Deed
—
Apr 29, 2002
$770,000
Bns International INC
Tower Group INC
Grant Deed
$3,000,000 · Northern Trust Bank Of Florida
—
—
Bns International INC
—
Deed Of Trust
related
$3,200,000 · Ge Capital Business Asset Fund
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
