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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Assisted living facilities
5033 89th Way Coral Springs, FL 33067-1916
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3612201
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
CONCRETE
Total area
2,625 SF
Lot
0.26 ac (11,249 SF)
Zoning code
RS-3,4,5
APN
48-41-10-01-4830
UPID
US18-3612201
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$398k
Blend (final)
Blend
$505k
Owner & transaction history
Joan Clarke Lindsay · 1 yrs held
Joan Clarke Lindsay
since 2024
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
RS-3,4,5 · Coral Springs, 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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
$505,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$810,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$785,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $505k (Aug 20 2024)
Last sale anchor
$505k
Aug 20 2024
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
$192 / 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
$13,963
Tax year 2023
Assessed value
$651,780
Assessed 2023
Previous assessed
$563,320
+15.7% YoY
Effective rate
2.14%
On assessed value
Assessed land
$134,990
Assessed improvement
$516,790
Land market value
$134,990
Improvement market value
$516,790
Total market value
$651,780
Applied tax rate
2,812.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,625 SF
Lot
0.26 ac (11,249 SF)
Zoning code
RS-3,4,5
APN
48-41-10-01-4830
UPID
US18-3612201
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RS-3,4,5 · Coral Springs, FL
Zoning RS-3,4,5 · permitted uses
RS-3,4,5 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES
Est. value
$785,000
WAREHOUSE, STORAGE
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Joan Clarke Lindsay
Individual
Mailing address
6775 NW 108TH AVE, PARKLAND, FL 33076-3824
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
Joan Clarke Lindsay
Joan Clarke Lindsay
Intrafamily Transfer
related
—
Jul 7, 2023
—
Joan Clarke Lindsay
Joan Lindsay
Intrafamily Transfer
related
—
May 17, 2006
$505,000
Joan Lindsay
Brad E Horwitz
Warranty Deed
$404,000 · Indymac Bank Fsb
Jan 14, 2005
—
Brad E Horwitz
Horwitz,brad E & Susan E
Quit Claim Deed
related
—
—
—
Brad E Horwitz
—
Deed Of Trust
related
$51,000 · Amtrust Bank
—
—
Brad E Horwiti
—
Deed Of Trust
related
$140,000 · Amtrust Bank
—
—
Brad E Horwitz
—
Deed Of Trust
related
$250,000 · Amtrust Bank
—
—
Brad E Horwitz
—
Deed Of Trust
related
$90,000 · Amtrust Bank
—
—
Brad Horwitz
—
Deed Of Trust
related
$17,920 · Suntrust Bank South Florida
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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