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Property profile & analytics
OFF-MARKET
Estimated value
$21,805,000
Outlet malls
5100-B 9th Ave Fort Lauderdale, FL 33309
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-5136059
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
CONCRETE
Total area
86,460 SF
Lot
9.94 ac (433,043 SF)
Zoning code
B-3
APN
49-42-15-13-0010
UPID
US18-5136059
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
$23.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.81M
Owner & transaction history
Cole Bj Ft Lauderdale Fl LLC · 17 yrs held
Cole Bj Ft Lauderdale Fl LLC
since 2008
4 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, 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 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%
$25,670,000
6.5%
$23,695,000
7%
$22,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$32,800,000
Current use
WAREHOUSE, STORAGE
$27,630,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$21.81M
Range $19.62M – $23.99M · ±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
$252 / 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
$594,220
Tax year 2023
Assessed value
$26,786,710
Assessed 2023
Previous assessed
$26,786,710
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$4,763,470
Assessed improvement
$22,023,240
Land market value
$4,763,470
Improvement market value
$22,023,240
Total market value
$26,786,710
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Total area
86,460 SF
Lot
9.94 ac (433,043 SF)
Zoning code
B-3
APN
49-42-15-13-0010
UPID
US18-5136059
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
RETAIL STORES Current
Est. value
$32.8M
WAREHOUSE, STORAGE
Est. value
$27.6M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
Cooling
Yes
Stories
2
Buildings
3
Lot
9.94 ac
Current owner
From public records · entity-resolved
Cole Bj Ft Lauderdale Fl LLC
Entity
Free & Clear · 17 yrs held
Mailing address
25 RESEARCH DR, WESTBOROUGH, MA 01581-3680
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2008
$28,272,900
Cole Bj Ft Lauderdale Fl LLC
Rosen Powerline LLC
Grant Deed
—
Jul 25, 2006
—
Bjs Wholesale Club INC
Rosen Powerline LLC
Grant Deed
related
—
Apr 28, 2006
$11,000,000
Rosen Powerline LLC
American Bldrs & Contractors S
Deed Of Trust
$18,800,000 · Bank Of America
—
—
Rosen Powerline LLC
—
Deed Of Trust
related
$1,800,000 · Bank Of America
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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