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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Distribution centers
423 10th Ter Hallandale Beach, FL 33009-3105
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9750767
Property summary
AI-generated overview
This exceptional single-tenant office building, located at 423 NW 10th Terrace in Hallandale Beach, Florida, offers 3,385 square feet of modern commercial space. The property boasts a prime location, offering convenient access to I-95, making commutes effortless. Enjoy the vibrant atmosphere of Hallandale Beach, with its diverse selection of shopping, dining, and entertainment options all within easy reach. A significant advantage is the waterfront setting, complemented by approximately 3,600 square feet of dedicated leisure area, providing a unique and desirable environment for employees and clients. Situated just a few miles north of Miami, this property benefits from direct access to major highways and public transportation, and is a short drive from Fort Lauderdale-Hollywood International Airport. The property is zoned I-L and features a single suite within the building. This presents a compelling investment opportunity to acquire a trendy office space in a highly advantageous location. The property's address is 423 NW 10th Terrace, Hallandale Beach, FL 33009. Driving directions: Take I-95 and exit at Exit 18 East. Turn onto FL-858/Hallandale Beach Blvd. Turn left onto NW 10th Terrace, then turn right into the parking area on NW 10th Terrace. The property's APN is 514228AE0230.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1977
Construction
CONCRETE
Total area
1,682 SF
Lot
0.04 ac (1,681 SF)
Zoning code
I-L
APN
51-42-28-AE-0230
UPID
US18-9750767
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
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
423 Nw 10 Terrace LLC · 4 yrs held
423 Nw 10 Terrace LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
I-L · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+186.8%
Neighborhood: shopping center
$1.1M
+156.4%
Office building
$970,000
+121.8%
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
$1,135,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,255,000
Change: +187% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,120,000
Change: +156% · Conversion: Moderate
OFFICE BUILDING
$970,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.15M (Mar 14 2022)
Last sale anchor
$1.15M
Mar 14 2022
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
$702 / 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
$7,228
Tax year 2023
Assessed value
$330,400
Assessed 2023
Previous assessed
$319,500
+3.4% YoY
Effective rate
2.19%
On assessed value
Assessed land
$33,040
Assessed improvement
$297,360
Land market value
$33,040
Improvement market value
$297,360
Total market value
$330,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
1,682 SF
Lot
0.04 ac (1,681 SF)
Zoning code
I-L
APN
51-42-28-AE-0230
UPID
US18-9750767
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-L · Hallandale Beach, FL
Zoning I-L · permitted uses
I-L · 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
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1977
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
423 Nw 10 Terrace LLC
Entity
Mailing address
7901 4TH ST N STE #300, SAINT PETERSBURG, FL 33702-4399
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$1,150,000
423 Nw 10 Terrace LLC
Rojosol LLC
Warranty Deed
—
Aug 18, 2020
—
Rojosol LLC
—
Deed
related
$331,650 · Jp Morgan Chase Bk
Jun 11, 2020
$650,000
Rojosol LLC
450 Investment Group LLC
Warranty Deed
$331,650 · Jp Morgan Chase Bk
Mar 19, 2018
—
450 Investment Group LLC
—
Deed
related
$510,000 · Mercantil Bank NA
May 21, 2007
$542,000
450 Investment Group LLC
Kelly,gary T
Warranty Deed
$487,800 · Coconut Grove Bk
Oct 15, 2005
$475,000
Gary Thomas Kelly
Wedgewood Properties LLC
Special Warranty Deed
$458,000 · Cit Small Business Lending Corp
—
—
450 Investment Group LLC
—
Deed Of Trust
related
$350,000 · Stern Bloom Media INC
—
—
450 Investment Group LLC
—
Loan Modification
related
—
—
—
450 Investment Group LLC
—
Deed Of Trust
related
—
—
—
450 Investment Group LLC
—
Deed Of Trust
related
$204,264 · Coconut Grove Bank
—
—
Rojosol LLC
—
Deed Of Trust
related
$331,650 · Jp Morgan Chase Bk
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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