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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Commercial land
408 4th Ave Fort Lauderdale, FL 33315
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7277729
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1956
Total area
969 SF
Lot
0.34 ac (14,842 SF)
Zoning code
RAC-SMU
APN
50-42-10-01-3550
UPID
US18-7277729
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
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$525k
Owner & transaction history
Dfw 18 LLC · 5 yrs held
Dfw 18 LLC
since 2020
4 recorded transactions
Zoning & alternative use
RAC-SMU · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C - County R-2 - County R-4 - County RAC-AS - Arts and Sciences Districts 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 RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West…
Zone name
Regional Activity Center Southwest Mixed Use District
General category
MIXED_USE
Zone area
44.37 ac
Top alternative use upside
Auto repair, garage
$785,000
+56.5%
Neighborhood: shopping center
$730,000
+45.3%
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$500,000
Current use
AUTO REPAIR, GARAGE
$785,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$450,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$445,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$542 / 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
$23,364
Tax year 2023
Assessed value
$1,855,250
Assessed 2023
Previous assessed
$1,227,960
+51.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,855,250
Land market value
$1,855,250
Total market value
$1,855,250
Applied tax rate
312.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1956
Heating
NONE
Total area
969 SF
Lot
0.34 ac (14,842 SF)
Zoning code
RAC-SMU
APN
50-42-10-01-3550
UPID
US18-7277729
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-SMU · Fort Lauderdale, FLZoning RAC-SMU · permitted uses
RAC-SMU · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C - County R-2 - County R-4 - County RAC-AS - Arts and Sciences Districts 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 RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/Medium Density RCS-15
Zone name
Regional Activity Center Southwest Mixed Use District
General category
MIXED_USE
Zone area
44.37 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
OFFICE BUILDING
Est. value
$460,000
MEDICAL BUILDING
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$445,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1956
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Dfw 18 LLC
Entity
Mailing address
3470 N MIAMI AVE STE UPPR, MIAMI, FL 33127-3534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 15, 2020
—
Dfw 18 LLC
Downtown Ft Lauderdale Waterfr
Quit Claim Deed
related
$15,000,000 · 3650 Cal Bridge Dania Bch LLC
Jan 4, 2012
—
Fort Lauderdale Water Downtown
—
Deed Of Trust
related
$4,750,000 · City National Bank Of Florida
Dec 30, 2011
$11,525,000
Fort Lauderdale Water Downtown
Cabi New River LLC
Warranty Deed
—
Oct 30, 2003
$1,863,400
Cabi New River LLC
Davis,bradley J
Grant Deed
$1,500,000 · Mellon United National 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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