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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4343 Ocean Dr Lauderdale By The Sea, FL 33308-5093

    • Drive through restaurants
    • 2,705 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3252367
    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.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 4343 Ocean Dr

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    0.56 lot acres
    Property size
    2,705 SF
    Zone code
    B-1
    Property type
    Drive through restaurants
    APN
    49-43-18-01-1880
    APU
    494318011880

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $721,000
      Market price range: $218k - $731k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale By The Sea
    County
    Broward
    State
    Florida
    Longitude
    -80.0972
    Latitude
    26.1892
    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
    $29,573
    $1,227,320
    $343,270
    $1,570,590
    -
    $1,227,320
    $343,270
    $1,570,590

    Comparable in this City

    • Value Estimation
      $555,000
      3,188 SF

      5810 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,188 SF
      5810 Federal Hwy, Fort Lauderdale, FL 33308-2631
      View Details
    • Value Estimation
      $630,000
      2,919 SF

      5556 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,919 SF
      5556 Federal Hwy, Fort Lauderdale, FL 33308-3238
      View Details
    • Value Estimation
      $1,210,000
      2,033 SF

      4201 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,033 SF
      4201 Federal Hwy, Oakland Park, FL 33308-5532
      View Details
    • Value Estimation
      $675,000
      4,830 SF

      4840 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,830 SF
      4840 Federal Hwy, Fort Lauderdale, FL 33308-4606
      View Details
    • Value Estimation
      $745,000
      4,659 SF

      6360 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,659 SF
      6360 Federal Hwy, Fort Lauderdale, FL 33308-1906
      View Details
    • Value Estimation
      $710,000
      3,476 SF

      5552 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,476 SF
      5552 Federal Hwy, Fort Lauderdale, FL 33308-3209
      View Details

    Similar Nearby for Sale

    • $150,000

      Established French Restaurant Near Beach

      Turnkey French restaurant with indoor/outdoor seating near Lauderdale-by-the-Sea Beach.
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    • $169,000

      Established Arabic Restaurant For Sale

      Fully functioning Arabic restaurant with loyal clientele for sale.
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      7,556 SF

      Freestanding Restaurant Building For Sale

      7,556 SF fully equipped restaurant on 2-acre lot.
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    • $99,000

      Wine and Beer Lounge

      Wine and beer lounge in the heart of Fort Lauderdale.
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      Prime Retail Space Near Beach

      Retail space in Fort Lauderdale's Galt Mile shopping district.
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      7,000 SF

      Fort Lauderdale Freestanding Restaurant Building

      7,000 SF freestanding, fully equipped restaurant with outdoor seating.
      3496 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
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      Class A office space with modern amenities and ocean views.
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      View Details
    • Contact for pricing
      5,600 SF

      Commercial Space For Lease

      Retail, office, restaurant, or showroom space available for lease.
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    • $40 SF/Yr

      Seagrape Commons Retail, Office, Restaurant

      Iconic building near the beach with retail, office, restaurant spaces.
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    • $40 SF/Yr

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      Iconic building near the beach with retail, office, and restaurant options.
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      View Details
    • $4 SF/Yr
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      Fort Lauderdale Retail Space For Lease

      Prime Retail Space, 10,500 SF, High Visibility
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      View Details
    • $23 SF/Yr
      44,127 SF

      Fort Lauderdale Retail & Office Space

      Prime location, flexible suites available
      6245 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
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    Lauderdale By The Sea, FL 33308-5093
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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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