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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Commercial land
415 9th St Hallandale Beach, FL 33009-7114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1455156
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1939
Construction
CONCRETE
Total area
1,824 SF
Lot
0.4 ac (17,250 SF)
Zoning code
CENTRAL RAC
APN
51-42-27-17-0250
UPID
US18-1455156
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
$485k
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$705k
Owner & transaction history
Noko Land LLC · 4 yrs held
Noko Land LLC
since 2022
4 recorded transactions
Zoning & alternative use
CENTRAL RAC · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+104.9%
Medical building
$640,000
+24.7%
Retail stores
$640,000
+24.2%
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 Hallandale Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
OFFICE BUILDING
$1,050,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$640,000
Change: +25% · Conversion: Easy
RETAIL STORES
$640,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$475,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$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
$16,885
Tax year 2023
Assessed value
$776,250
Assessed 2023
Previous assessed
$517,500
+50.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$776,250
Land market value
$776,250
Total market value
$776,250
Applied tax rate
2,513.0000
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
1,824 SF
Lot
0.4 ac (17,250 SF)
Zoning code
CENTRAL RAC
APN
51-42-27-17-0250
UPID
US18-1455156
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CENTRAL RAC · Hallandale Beach, FL
Zoning CENTRAL RAC · permitted uses
CENTRAL RAC · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$475,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Noko Land LLC
Entity
Mailing address
2031 HARRISON ST, HOLLYWOOD, FL 33020-5019
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
Noko Land LLC
Jasmin Investments LLC
Warranty Deed
—
Oct 19, 2017
—
Jasmin Invs LLC
—
Loan Modification
related
$2,666,693 · Biscayne Bk
Jul 31, 2002
$160,000
Jasmine Investments LLC
Miles,david H & Akiko
Grant Deed
$220,000 · Intercredit Bank NA
—
—
Jasmin Investments LLC
—
Deed Of Trust
related
$3,100,000 · Biscayne 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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