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Property profile & analytics
OFF-MARKET
Estimated value
$62,275,000
Office buildings
500 62nd St Ste 550, Fort Lauderdale, FL 33309-6135
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2105168
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
158,876 SF
Lot
14.31 ac (623,544 SF)
Zoning code
B-3
APN
49-42-10-32-0010
UPID
US18-2105168
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$74.90M
Comparable Approach
Comparable
$53.53M
Blend (final)
Blend
$62.28M
Owner & transaction history
Pinnacle Corporate Park LLC · 5 yrs held
Pinnacle Corporate Park LLC
since 2021
Last sale
$58.9M
2 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$82.3M
+110.6%
Industrial (general)
$74.7M
+91.0%
Medical building
$74.0M
+89.4%
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%
$81,140,000
6.5%
$74,900,000
7%
$69,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$39,080,000
Current use
COMMERCIAL (GENERAL)
$82,295,000
Change: +111% · Conversion: Easy
INDUSTRIAL (GENERAL)
$74,655,000
Change: +91% · Conversion: Difficult
MEDICAL BUILDING
$74,035,000
Change: +89% · Conversion: Easy
RETAIL STORES
$60,275,000
Change: +54% · Conversion: Moderate
Blend value · Realmo final
$62.28M
Range $56.05M – $68.50M · ±10% · vs last sale $58.88M (Jun 10 2021)
Last sale anchor
$58.88M
Jun 10 2021
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
$392 / 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
$997,888
Tax year 2023
Assessed value
$48,161,740
Assessed 2023
Previous assessed
$48,161,740
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$7,482,530
Assessed improvement
$40,679,210
Land market value
$7,482,530
Improvement market value
$40,679,210
Total market value
$48,161,740
Applied tax rate
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
7
Total area
158,876 SF
Lot
14.31 ac (623,544 SF)
Zoning code
B-3
APN
49-42-10-32-0010
UPID
US18-2105168
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Zoning B-3 · permitted uses
B-3 · 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
OFFICE BUILDING Current
Est. value
$39.1M
COMMERCIAL (GENERAL)
Est. value
$82.3M
INDUSTRIAL (GENERAL)
Est. value
$74.7M
MEDICAL BUILDING
Est. value
$74.0M
RETAIL STORES
Est. value
$60.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Buildings
2
Lot
14.31 ac
Current owner
From public records · entity-resolved
Pinnacle Corporate Park LLC
Entity
Mailing address
100 S ASHLEY DR STE #110, TAMPA, FL 33602-5348
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$58,875,000
Pinnacle Corporate Park LLC
G&i Vii Pinnacle LLC
Special Warranty Deed
$27,000,000 · Tpg Re Finance II Ltd
Nov 1, 2013
$38,100,000
G&i Vii Pinnacle LLC
The Northwestern Mutual Life Insura
Special Warranty Deed
$100,000,000 · Wells Fargo Bank NA
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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