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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Distribution centers
425 10th Ter Hallandale Beach, FL 33009-3105
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0869999
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1977
Construction
CONCRETE
Total area
1,703 SF
Lot
0.04 ac (1,706 SF)
Zoning code
I-L
APN
51-42-28-AE-0240
UPID
US19-0869999
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
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
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
$985,000
+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
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,270,000
Change: +187% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +156% · Conversion: Moderate
OFFICE BUILDING
$985,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $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
$696 / 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
$7,318
Tax year 2023
Assessed value
$334,530
Assessed 2023
Previous assessed
$323,490
+3.4% YoY
Effective rate
2.19%
On assessed value
Assessed land
$33,450
Assessed improvement
$301,080
Land market value
$33,450
Improvement market value
$301,080
Total market value
$334,530
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
Total area
1,703 SF
Lot
0.04 ac (1,706 SF)
Zoning code
I-L
APN
51-42-28-AE-0240
UPID
US19-0869999
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
$985,000
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
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
8 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
—
Loan Modification
related
—
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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