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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Warehouses
5101 108th Ave 5181 Sunrise, FL 33351-8016
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3514014
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
34,272 SF
Lot
2.59 ac (112,995 SF)
Zoning code
I-1
APN
49-41-18-07-0060
UPID
US18-3514014
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
$7.25M
CAP Approach
CAP
$8.76M
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$6.65M
Owner & transaction history
Lrf2 Mia Courtyard LLC · 4 yrs held
Lrf2 Mia Courtyard LLC
since 2021
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
I-1 · Sunrise, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The District is intended primarily for the manufacture, processing and assembly of articles and nonobjection able products not involving the use of any materials, processes or machinery
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,147.16 ac
Source
Realmo
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 Sunrise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunrise 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
$7,370,000
ML approach
$7,245,000
CAP Approach
CAP Return
Estimation
6%
$9,490,000
6.5%
$8,760,000
7%
$8,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,845,000
Current use
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $5.52M (Oct 6 2021)
Last sale anchor
$5.52M
Oct 6 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
$194 / 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
$105,677
Tax year 2023
Assessed value
$4,963,810
Assessed 2023
Previous assessed
$4,963,810
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$903,960
Assessed improvement
$4,059,850
Land market value
$903,960
Improvement market value
$4,059,850
Total market value
$4,963,810
Applied tax rate
2,112.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
34,272 SF
Lot
2.59 ac (112,995 SF)
Zoning code
I-1
APN
49-41-18-07-0060
UPID
US18-3514014
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Sunrise, FLZoning I-1 · permitted uses
I-1 · Sunrise, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The District is intended primarily for the manufacture, processing and assembly of articles and nonobjection able products not involving the use of any materials, processes or machinery
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,147.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.8M
WAREHOUSE, STORAGE Current
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
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.59 ac
Current owner
From public records · entity-resolved
Lrf2 Mia Courtyard LLC
Entity
Free & Clear · 4 yrs held
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 5, 2022
—
Lrf2 Mia Courtyard LLC
—
Deed
related
$61,956,710 · The Huntington National Bank
Oct 6, 2021
$5,519,500
Lrf2 Mia Courtyard LLC
Courtyard Distribution Center LP 2
Special Warranty Deed
—
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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