Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$16,635,000
Strip malls
500 Pne Is Rd 560 Plantation, FL 33324-1308
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1440943
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
CONCRETE
Total area
14,644 SF
Lot
4.24 ac (184,588 SF)
Zoning code
M-PM
APN
50-41-04-11-0022
UPID
US18-1440943
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
$10.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.43M
Blend (final)
Blend
$16.64M
Owner & transaction history
Rk Veranda LLC · 5 yrs held
Rk Veranda LLC
since 2021
Last sale
$17.0M
7 recorded transactions
Zoning & alternative use
M-PM · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-PM district provides development standards for Plantation Midtown to promote an orderly transformation of the district from a predominantly suburban development pattern to a denser and more active mixed-use activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
Top alternative use upside
Restaurant
$12.5M
+13.5%
Auto repair, garage
$11.9M
+7.7%
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 Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation 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
$21,695,000
ML approach
$10,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,020,000
Current use
RESTAURANT
$12,505,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,870,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$16.64M
Range $14.97M – $18.30M · ±10% · vs last sale $17.00M (Mar 16 2021)
Last sale anchor
$17.00M
Mar 16 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
$1,136 / 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
$311,149
Tax year 2023
Assessed value
$14,872,560
Assessed 2023
Previous assessed
$14,872,560
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$2,076,620
Assessed improvement
$12,795,940
Land market value
$2,076,620
Improvement market value
$12,795,940
Total market value
$14,872,560
Applied tax rate
2,212.0000
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
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
14,644 SF
Lot
4.24 ac (184,588 SF)
Zoning code
M-PM
APN
50-41-04-11-0022
UPID
US18-1440943
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-PM · Plantation, FLZoning M-PM · permitted uses
M-PM · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-PM district provides development standards for Plantation Midtown to promote an orderly transformation of the district from a predominantly suburban development pattern to a denser and more active mixed-use activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.0M
RESTAURANT
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
4.24 ac
Current owner
From public records · entity-resolved
Rk Veranda LLC
Entity
Free & Clear · 5 yrs held
Mailing address
17100 COLLINS AVE STE #225, SUNNY ISLES BEACH, FL 33160-3675
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
Mar 16, 2021
$17,000,000
Rk Veranda LLC
Equity One Jv Sub Veranda LLC
Special Warranty Deed
—
May 16, 2011
$81,725
Jv Sub Veranda LLC
Equity One INC
Grant Deed
—
Apr 22, 2010
$11,675,000
Equity One Fl Portfolio INC
Veranda Shoppes Ltd
Grant Deed
—
Dec 7, 2005
$1,500,000
Veranda Shoppes Ltd
Westcity Plantation Ltd
Grant Deed
$11,843,604 · Guaranty Bank
Jul 3, 2003
$6,000,000
Westcity Plantation Ltd
Mainstreet Lakeside Ltd
Grant Deed
—
Sep 15, 2000
$16,675,000
Mainstreet Lakeside Ltd
Mony Life Insurance Co
Grant Deed
—
—
—
Equity One Jv Sub Veranda LLC
—
Deed Of Trust
related
$9,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Pne Is Rd, Unit 560?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
