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    413 3rd Ave Fort Lauderdale, FL 33315-1001
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    Property profile & analytics

    413 3rd Ave, Fort Lauderdale, FL 33315-1001

    View on Map
    • Marinas
    • 18,285 SF
    • 1.17 lot acres
    Off-Market
    Last Sale Jan 25, 2024
    $5,737,200
    Property ID
    US18-1408647
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marinas

    Property Details for 413 3rd Ave

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    1.17 lot acres
    Zone code
    RAC-SMU
    Property type
    Marinas
    APN
    50-42-10-01-3670
    APU
    504210013670

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 20, 2024 — Cabi New River II LLC John J Davis Deed · related —
    Feb 7, 2024 $956,100 Water Taxi 18 LLC Dfw 18 LLC Re-recorded Document · related —
    Jan 25, 2024 $5,737,200 Water Taxi 18 LLC Dfw 18 LLC Special Warranty Deed —
    Dec 15, 2020 — Dfw 18 LLC Downtown Ft Lauderdale Waterfr Quit Claim Deed · related $15M · 3650 Cal Bridge Dania Bch LLC
    Jan 4, 2012 — Fort Lauderdale Water Downtown — Deed Of Trust · related $4.8M · City National Bank Of Florida
    Dec 30, 2011 $11,525,000 Fort Lauderdale Water Downtown Cabi New River LLC Warranty Deed —
    Feb 18, 2003 $5,000,000 Cabi New River II LLC Davis,john J Grant Deed $7.1M · Mellon United National Bank
    — — John J Davis — Deed Of Trust · related $300k · Equitable Bank
    — — John J Davis — Deed Of Trust · related $850k · Equitable Bank

    Description

    This exceptional single-tenant flex office space at 413 SW 3rd Avenue in Fort Lauderdale, FL (33315) offers unparalleled convenience and charm in the heart of downtown. Located just minutes from Las Olas Boulevard, this property provides easy access to a vibrant array of bars, restaurants, coffee shops, and boutiques, perfect for client meetings or after-work socializing. The office features versatile layouts adaptable to various business needs, a fully equipped meeting room ideal for presentations and collaborations, a modern kitchen for employee convenience, and a private bathroom for enhanced privacy. Abundant parking is available, ensuring seamless access for both employees and clients. The property is zoned RAC-SMU and has an APN of 504210013670. This single-suite building (Total Building Suites: 1) presents a rare opportunity for businesses seeking a prime location with walkable amenities in a bustling urban setting. The lot size is not specified. This is an ideal space for businesses seeking a productive and professional environment in a highly desirable location. Seize this opportunity to establish your business in a thriving downtown Fort Lauderdale address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,735,000
      ML approach
      $5,735,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,215,000
      OFFICE BUILDING
      $4,770,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,190,000
      AUTO REPAIR, GARAGE
      $3,700,000
      WAREHOUSE, STORAGE
      $3,625,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1466
    Latitude
    26.1179
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,327
    $1,685,440
    $228,460
    $1,913,900
    -
    $1,685,440
    $228,460
    $1,913,900

    Comparable in this City

    • Value Estimation by Request
      28,832 SF

      2001 20th St

      MARINE FACILITY/BOARD REPAIRS
      2001 20th St, Fort Lauderdale, FL 33315-1827
      View Details
    • Value Estimation
      $20,015,000
      2,466 SF

      1505 20th St

      MARINE FACILITY/BOARD REPAIRS
      1505 20th St, Fort Lauderdale, FL 33315-1821
      View Details
    • Value Estimation by Request
      45,280 SF

      1601 20th St

      MARINE FACILITY/BOARD REPAIRS
      1601 20th St, Fort Lauderdale, FL 33315-1823
      View Details
    • Value Estimation
      $20,020,000
      4,720 SF

      1515 20th St

      MARINE FACILITY/BOARD REPAIRS
      1515 20th St, Fort Lauderdale, FL 33315-1821
      View Details
    • Value Estimation by Request
      0.11 Acres

      28th St

      CENTRALLY ASSESSED
      28th St, Fort Lauderdale, FL 33315
      View Details
    • Value Estimation
      $610,000
      18,900 SF

      1801 1st Ave

      CENTRALLY ASSESSED
      1801 1st Ave, Fort Lauderdale, FL 33315-2124
      View Details

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    Similar Nearby for Lease

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      Single Tenant Office Building Available

      Single tenant office building for lease, available immediately.
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      Updated Apartment in Fort Lauderdale

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    Fort Lauderdale, FL 33315-1001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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