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

    4703 N Ocean Dr Lauderdale by the Sea, FL 33308

    • Strip malls
    • 83,147 SF
    • 7.16 lot acres
    For Lease
    View listing
    Last Sale
    Aug 17, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1973611
    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

    • Presto! ATM at Publix® / Atm
    • City National Bank - Presto ATM / Bank / Loan Service

    Property Details for 4703 N Ocean Dr

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    7.16 lot acres
    Property size
    83,147 SF
    Zone code
    R-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    49-43-07-00-0381
    APU
    494307000381

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $36,070,000
      6.5%
      $33,295,000
      7%
      $30,915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderdale By The Sea
    County
    Broward
    State
    Florida
    Longitude
    -80.0967
    Latitude
    26.198
    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
    $408,609
    $12,499,880
    $6,933,100
    $19,432,980
    -
    $12,499,880
    $6,933,100
    $19,432,980

    Comparable in this City

    • Value Estimation
      $29,480,000
      66,976 SF

      3800 Ocean Blvd, Unit 4032

      SHOPPING CENTER, STRIP CENTER • 66,976 SF
      3800 Ocean Blvd, Fort Lauderdale, FL 33308-6432
      View Details
    • Value Estimation by Request
      27,400 SF

      3300 34Th St

      Lifestyle centers • 27,400 SF
      3300 34Th St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request

      6201-6245 Federal Hwy

      Lifestyle centers
      6201-6245 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      55,810 SF

      3300 34Th St

      Lifestyle centers • 55,810 SF
      3300 34Th St, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation by Request
      98,870 SF

      4703 Ocean Dr

      Lifestyle centers • 98,870 SF
      4703 Ocean Dr, Sea Ranch Lakes, FL 33308
      View Details
    • Value Estimation by Request
      650 SF

      4140 Federal Hwy, Unit 9

      MINI-MALL • 650 SF
      4140 Federal Hwy, Fort Lauderdale, FL 33308-5531
      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.
      235 Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      9,279 SF

      Retail Property on NE 32nd

      Retail space for sale with high traffic and parking.
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      Established Arabic Restaurant For Sale

      Fully functioning Arabic restaurant with loyal clientele for sale.
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    • $99,900

      Fort Lauderdale Beach Mixed-Use Space

      Mixed-use space for sale near Fort Lauderdale Beach.
      3015 N Ocean C-3, Fort Lauderdale, FL 33308
      View Details
    • $30,000

      Fort Lauderdale Retail Business for Sale

      Established Alterations & Clock Repair Shop
      5130 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      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

    • Contact for pricing

      Retail Space on N Ocean

      Retail space available in Lauderdale by the Sea, Florida.
      4703 N Ocean Dr, Lauderdale by the Sea, FL 33308
      View Details
    • Contact for pricing
      20,000 SF

      Fort Lauderdale Flex Space Available

      Prime Flex Space, 1,000 SF Available
      3520 Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $24 SF/Yr
      4,285 SF

      Premier Office Building with Ocean Views

      Class A office space with modern amenities and ocean views.
      6451 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • $4 SF/Yr
      10,500 SF

      Fort Lauderdale Retail Space For Lease

      Prime Retail Space, 10,500 SF, High Visibility
      5200 Federal Hwy, Fort Lauderdale, FL 33308
      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
    • Contact for pricing
      1,300 SF

      Retail Space on N Ocean

      Retail space for lease in Fort Lauderdale's Galt Ocean.
      4004-4012 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
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    Lauderdale by the Sea, FL 33308
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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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