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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Bars & Pubs
441 3rd Ave Fort Lauderdale, FL 33301-3297
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4449530
Property summary
AI-generated overview
A unique opportunity awaits in Fort Lauderdale's Flagler Village. This 9,302 square foot, fully renovated bar and restaurant space, formerly a historic church, offers a turnkey operation. The 2000 renovation meticulously preserved original architectural charm while incorporating modern amenities, including a full-service kitchen and well-designed bar. High ceilings and preserved architectural details create an inviting atmosphere. Located on a 12,250 square foot lot, the property is zoned RAC-CC and features metered parking and free street parking. The vibrant Flagler Village location is surrounded by major mixed-use developments, including AIMCO's Searstown and Hines FAT Village, adding thousands of residential units, hotel rooms, and commercial space. This second-generation restaurant presents a rare chance to establish a business in a rapidly growing area with multiple billion-dollar projects underway. The property's APN is 5042 03 02 2080, located in Broward County. The entire space is currently vacant.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1947
Construction
CONCRETE
Total area
4,533 SF
Lot
0.28 ac (12,250 SF)
Zoning code
RAC-CC
APN
50-42-03-02-2080
UPID
US18-4449530
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
Current use
Occupant on record · Public records
-
Adan Pacheco Loan Service Bank
-
BISC Business Service Center Employment Agency
-
Revolution Mortgage Loan Service Bank
-
V L INTERIORS Interior Design Home Decor Store
-
Osmo Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
URBN FLAGLER LLC
URBN FLAGLER LLC
Zoning & alternative use
RAC-CC · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+24.9%
Office building
$1.2M
+15.9%
Neighborhood: shopping center
$1.0M
+4.6%
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$995,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,150,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$269 / 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
$45,115
Tax year 2023
Assessed value
$3,569,980
Assessed 2023
Previous assessed
$3,569,980
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,286,250
Assessed improvement
$2,283,730
Land market value
$1,286,250
Improvement market value
$2,283,730
Total market value
$3,569,980
Applied tax rate
9,312.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
4,533 SF
Lot
0.28 ac (12,250 SF)
Zoning code
RAC-CC
APN
50-42-03-02-2080
UPID
US18-4449530
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-CC · Fort Lauderdale, FL
Zoning RAC-CC · permitted uses
RAC-CC · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$915,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1947
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
URBN FLAGLER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
441 NE 3RD AVE, FORT LAUDERDALE, FL 33301-3297
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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