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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Warehouses
4851 103rd Ave 4867 Sunrise, FL 33351-7985
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3700248
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
8,398 SF
Lot
0.99 ac (42,922 SF)
Zoning code
I-1
APN
49-41-18-28-0010
UPID
US18-3700248
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.05M
Owner & transaction history
103rd Ave Sunrise Workspaces L · 7 yrs held
103rd Ave Sunrise Workspaces L
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Sunrise, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The District is intended primarily for the manufacture, processing and assembly of articles and nonobjection able products not involving the use of any materials, processes or machinery
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,147.16 ac
Source
Realmo
Top alternative use upside
Retail stores
$3.2M
+65.8%
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 Sunrise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunrise 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%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,920,000
Current use
RETAIL STORES
$3,185,000
Change: +66% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$244 / 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
$39,979
Tax year 2023
Assessed value
$1,882,890
Assessed 2023
Previous assessed
$1,882,890
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$343,380
Assessed improvement
$1,539,510
Land market value
$343,380
Improvement market value
$1,539,510
Total market value
$1,882,890
Applied tax rate
2,112.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
8,398 SF
Lot
0.99 ac (42,922 SF)
Zoning code
I-1
APN
49-41-18-28-0010
UPID
US18-3700248
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Sunrise, FLZoning I-1 · permitted uses
I-1 · Sunrise, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The District is intended primarily for the manufacture, processing and assembly of articles and nonobjection able products not involving the use of any materials, processes or machinery
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,147.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
103rd Ave Sunrise Workspaces L
Individual
Mailing address
280 NE 2ND AVE, DELRAY BEACH, FL 33444-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2019
$3,987,400
103rd Ave Sunrise Workspaces L
Sunrise 103 LLC
Trustees Deed
$2,591,772 · Valley Nat'l Bk
Jul 25, 2012
—
Sunrise 103 LLC
Louis Property Corp
Quit Claim Deed
related
$900,000 · Community Bank Of Broward
Jul 25, 2012
$1,275,000
Sunrise 103 LLC
Louis,allan J
Warranty Deed
—
Dec 28, 2007
—
Hill,michael W Tr
Louis,allan J
Warranty Deed
—
Dec 17, 2007
—
Allan J Louis
Louis Property Corp
Quit Claim Deed
—
Dec 28, 2006
—
Louis Allan J Charitable Remai
Louis,allan J
Quit Claim Deed
related
—
Dec 11, 2006
—
Allan J Louis
Louis Property Corp
Quit Claim Deed
—
Jan 11, 2006
—
Allan J Louis
Louis Property Corp
Quit Claim Deed
—
Dec 29, 2005
—
Louis Allan J Trust
Louis,allan J
Quit Claim Deed
related
—
Dec 21, 2004
—
Louis Allan J Trust
Louis,allan J
Quit Claim Deed
related
—
Dec 16, 2004
—
Allan J Louis
Louis Property Corp
Quit Claim Deed
related
—
May 16, 2003
—
Allan J Louis
Louis Property Corp
Quit Claim Deed
related
—
Mar 19, 2002
—
Louis Property Corp
Louis,allan J
Quit Claim Deed
related
$407,840 · First Union National 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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