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Property profile & analytics
OFF-MARKET
Industrial land
409 2nd Pl Dania Beach, FL 33004-3507
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3769484
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1952
Total area
900 SF
Lot
0.22 ac (9,501 SF)
Zoning code
NBHD-MU
APN
51-42-03-38-0440
UPID
US18-3769484
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Karp Properties LLC · 3 yrs held
Karp Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
NBHD-MU · Dania Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MODIFY THE TWO-FAMILY (DUPLEX) DWELLINGS MINIMUM SIZE STANDARDS; AND TO CLARIFY A PROVISION RELATING TO PET SUPPLY STORES; (6) TO AMEND ARTICLE 303, ENTITLED “DISTRICT DEVELOPMENT STANDARDS” AT SECTION 303-50, ENTITLED “NBHD-MU, NEIGHBORHOOD MIXED-USE DISTRICT” TO ELIMINATE SPECIFIC STREET REFERENCES; AND AMENDING SECTION 303-90, ENTITLED “NBHD-RES, NEIGHBOR…
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
30.96 ac
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 Dania Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dania Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,994
Tax year 2023
Assessed value
$209,020
Assessed 2023
Previous assessed
$114,010
+83.3% YoY
Effective rate
1.43%
On assessed value
Assessed land
$209,020
Land market value
$209,020
Total market value
$209,020
Applied tax rate
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1952
Heating
NONE
Cooling
YES
Stories
1
Total area
900 SF
Lot
0.22 ac (9,501 SF)
Zoning code
NBHD-MU
APN
51-42-03-38-0440
UPID
US18-3769484
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NBHD-MU · Dania Beach, FLZoning NBHD-MU · permitted uses
NBHD-MU · Dania Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MODIFY THE TWO-FAMILY (DUPLEX) DWELLINGS MINIMUM SIZE STANDARDS; AND TO CLARIFY A PROVISION RELATING TO PET SUPPLY STORES; (6) TO AMEND ARTICLE 303, ENTITLED “DISTRICT DEVELOPMENT STANDARDS” AT SECTION 303-50, ENTITLED “NBHD-MU, NEIGHBORHOOD MIXED-USE DISTRICT” TO ELIMINATE SPECIFIC STREET REFERENCES; AND AMENDING SECTION 303-90, ENTITLED “NBHD-RES, NEIGHBORHOOD RESIDENTIAL DISTRICT” TO AMEND DUPLEX LOT DIMENSIONS AND CORRECTING THE ARTICLE RE
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
30.96 ac
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Karp Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
418 SW 2ND PL, DANIA BEACH, FL 33004-3507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
Karp Properties LLC
Debra Mcelyea
Quit Claim Deed
related
—
Feb 27, 2023
—
Debra Mcelyea
Debra Mcelyea
Deed Of Distribution
related
—
Aug 27, 2020
—
Thomas C Mcelyea
Mcelyea Charles Living Trust
Quit Claim Deed
related
—
Aug 15, 2014
—
Mcelyea,charles Trust
Mcelyea,c K
Quit Claim Deed
related
—
Sep 21, 2006
$7,800
Charles K Mcelyea JR.
Eutsey,gayla
Quit Claim Deed
related
—
Sep 21, 2006
$15,600
Charles K Mcelyea JR.
Eutsey,steffanne
Quit Claim Deed
related
—
Aug 21, 2006
$20,000
Charles K Mcelyea JR.
Eutsey,willie F
Quit Claim Deed
related
—
Aug 21, 2006
$140,000
Charles K Mcelyea JR.
Trice,john JR
Quit Claim Deed
related
—
Aug 10, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Apr 25, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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