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Property profile & analytics
FOR LEASE
Strip malls
4703 N Ocean Dr Lauderdale by the Sea, FL 33308
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1973611
For Lease
1 / 10
$25,375,000
4703 N Ocean Dr, Lauderdale by the Sea, FL 33308
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
CONCRETE
Total area
83,147 SF
Lot
7.16 ac (311,951 SF)
Zoning code
R-1
APN
49-43-07-00-0381
UPID
US18-1973611
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
-
Presto! ATM at Publix® Atm
-
City National Bank - Presto ATM Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.38M
Owner & transaction history
Krcx Wri Holdings LLC · 4 yrs held
Krcx Wri Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
R-1 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lauderdale by the Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale by the Sea 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%
$36,070,000
6.5%
$33,295,000
7%
$30,915,000
Blend value · Realmo final
$25.38M
Range $22.84M – $27.91M · ±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
$305 / 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
$408,609
Tax year 2023
Assessed value
$19,432,980
Assessed 2023
Previous assessed
$19,432,980
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$12,499,880
Assessed improvement
$6,933,100
Land market value
$12,499,880
Improvement market value
$6,933,100
Total market value
$19,432,980
Applied tax rate
1,611.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
16
Total area
83,147 SF
Lot
7.16 ac (311,951 SF)
Zoning code
R-1
APN
49-43-07-00-0381
UPID
US18-1973611
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Lauderdale By The Sea, FL
Zoning R-1 · permitted uses
R-1 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lauderdale By The Sea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
16
Lot
7.16 ac
Current owner
From public records · entity-resolved
Krcx Wri Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
—
Krcx Wri Holdings LLC
Kimco Realty Corporation
Deed
—
Mar 7, 2013
$18,000,000
Owner Name Unavailable
Mskp Sea Ranch LLC
Grant Deed
—
Mar 7, 2013
—
Owner Name Unavailable
Mskp Sea Ranch LLC
Quit Claim Deed
related
—
Jan 22, 2007
$30,500,000
Mskp Sea Ranch LLC
Sea Ranch Centre Assocs LLC
Grant Deed
—
Jan 11, 2007
—
Mskp Sea Ranch LLC
Owner,record
Quit Claim Deed
related
—
Jun 1, 2006
$24,840,000
Sea Ranch Centre Assocs LLC
Woolbright Tequesta Ltd
Grant Deed
$16,750,000 · Metropolitan Life Insurance
Jul 15, 2003
$14,400,000
Woolbright Tequesta Ltd
North American Co Lllp
Grant Deed
$14,400,000 · Wells Fargo 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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