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    5070 State Rd 7th 7 Fort Lauderdale, FL 33319-3316
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    Property profile & analytics

    5070 State Rd 7th 7 Fort Lauderdale, FL 33319-3316

    View on Map
    • Hotels
    • 38,256 SF
    • 2.89 lot acres
    Off-Market
    Last Sale Apr 19, 2021
    $8,460,000
    Property ID
    US19-0612884
    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.
    Value Estimations
    $10,630,000
    Show details
    Cap Rate Potential
    2.7%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 5070 State Rd 7th 7

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    2.89 lot acres
    Property size
    38,256 SF
    Zone code
    B-1
    Property type
    Hotels
    APN
    49-42-18-29-0020
    APU
    494218290020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,505,000
      ML approach
      $12,860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,227,000
      Market price range: $10.2M - $23.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.2024
    Latitude
    26.1881
    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
    $0.00
    $1,006,570
    $7,290,910
    $8,297,480
    -
    $1,006,570
    $7,290,910
    $8,297,480

    Comparable in this City

    • Value Estimation
      $28,675,000
      114,519 SF

      3501 Inverrary Blvd

      HOTEL • 114,519 SF
      3501 Inverrary Blvd, Lauderhill, FL 33319-5927
      View Details
    • Value Estimation
      $9,575,000
      40,411 SF

      4499 Commercial Blvd

      HOTEL • 40,411 SF
      4499 Commercial Blvd, Tamarac, FL 33319-3398
      View Details
    • Value Estimation
      $18,130,000
      71,754 SF

      5100 State Rd 7th 7

      HOTEL • 71,754 SF
      5100 State Rd 7th 7, Fort Lauderdale, FL 33319-3322
      View Details
    • Value Estimation
      $4,890,000
      5.01 Acres

      6300 Racquet Clb Dr

      VACANT COMMERCIAL LAND • 19,727 SF
      6300 Racquet Clb Dr, Lauderhill, FL 33319-5086
      View Details
    • Value Estimation by Request
      837 SF

      4526 Inverrary Blvd, Unit GG

      MINI-MALL • 837 SF
      4526 Inverrary Blvd, Lauderhill, FL 33319-4104
      View Details
    • Value Estimation
      $815,000
      8,610 SF

      7300 Commercial Blvd

      AUTO REPAIR, GARAGE • 8,610 SF
      7300 Commercial Blvd, Lauderhill, FL 33319-2128
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Computer and Mobile Device Repair

      Established computer and mobile device repair business for sale.
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      View Details
    • $188,000

      Turnkey Nail & Beauty Spa

      Nail and beauty spa in high-traffic Tamarac plaza.
      Tamarac, FL 33319
      View Details
    • $349,000

      Professional Office Space, Lauderhill

      Professional office space suitable for retail or office use.
      4502 Inverrary Blvd, Lauderhill, FL 33319
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      181,576 SF

      Ft. Lauderdale Plaza Retail Space

      Prime Broward County retail space available.
      0 Commercial Blvd. & University Dr, Tamarac, FL 33319
      View Details
    • Contact for pricing
      1,592 SF

      High-Visibility Auto Sales Location

      Prime location for auto sales with high traffic and visibility.
      5350 N State Road 7, Fort Lauderdale, FL 33319
      View Details
    • New
      $219,000
      43,560 SF

      Established Food Market For Lease

      Established food market with excellent exposure available for lease.
      4000 NW 62Nd St, Fort Lauderdale, FL 33319
      View Details
    • Contact for pricing

      Inverrary Plaza West Retail Space

      Neighborhood center at a high-traffic intersection with strong demographics.
      7301-7345 Inverrary Blvd West, Lauderhill, FL 33319
      View Details
    • Contact for pricing

      Retail Development on Commercial Blvd

      New retail, office, medical space for rent in Lauderhill.
      7240 W Commercial Blvd, Lauderhill, FL 33319
      View Details
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    Fort Lauderdale, FL 33319-3316
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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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