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Property profile & analytics
OFF-MARKET
Estimated value
$11,855,000
Industrial properties
5101 21st Ave, Fort Lauderdale, FL 33309-2792
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0824130
Property summary
AI-generated overview
This exceptional investment opportunity presents two flex office buildings totaling 4,061 square feet, situated on a sizable 6.09-acre leasehold site within the prestigious Fort Lauderdale Executive Airport Industrial Airpark. The property, constructed in 1987, boasts a prime location in Fort Lauderdale's Uptown Business District/Cypress Creek submarket, offering unparalleled convenience with direct access to Interstate 95 and the Florida Turnpike via Commercial Boulevard. The buildings feature a total of 254 parking spaces, ensuring ample parking for tenants and visitors. Currently, the entire 4,061 square feet is available, divisible into spaces ranging from a minimum of 1,629 square feet to a maximum contiguous space of 2,432 square feet. The property comprises two suites in total, providing flexibility for various business needs. This strategically located property within the 200-acre airpark offers a unique blend of accessibility and functionality, making it an ideal choice for businesses seeking a modern and efficient workspace in a thriving commercial area of Broward County, Florida. The property's address is 5101 NW 21st Ave, Fort Lauderdale, FL 33309.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1986
Construction
CONCRETE
Total area
65,098 SF
Lot
6.09 ac (265,245 SF)
Zoning code
AIP
APN
49-42-09-29-0160
UPID
US19-0824130
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
Current use
Occupant on record · Public records
-
GE Energy Engineer
-
Walgreens Regional Office Corporate Office
-
Georgia Lenpzos Lehoczky, RPH Pharmacy
-
Austin Howe Pl Law Firm
-
Richard Parker Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.37M
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$11.86M
Owner & transaction history
Fxe Business Center LLC · 7 yrs held
Fxe Business Center LLC
since 2019
4 recorded transactions
Zoning & alternative use
AIP · 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%
$16,650,000
6.5%
$15,370,000
7%
$14,270,000
Blend value · Realmo final
$11.86M
Range $10.67M – $13.04M · ±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
$182 / 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
$162,816
Tax year 2023
Assessed value
$5,675,470
Assessed 2023
Previous assessed
$5,991,000
-5.3% YoY
Effective rate
2.87%
On assessed value
Assessed land
$2,121,960
Assessed improvement
$3,553,510
Land market value
$2,121,960
Improvement market value
$3,553,510
Total market value
$5,675,470
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
65,098 SF
Lot
6.09 ac (265,245 SF)
Zoning code
AIP
APN
49-42-09-29-0160
UPID
US19-0824130
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AIP · Fort Lauderdale, FL
Zoning AIP · permitted uses
AIP · 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.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.09 ac
Current owner
From public records · entity-resolved
Fxe Business Center LLC
Entity
Mailing address
9050 PNES BLVD STE #101, PEMBROKE PINES, FL 33024-6402
Ownership since
2019
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
Feb 6, 2019
$5,500,000
Fxe Business Center LLC
Tcph Broward LLC
Quit Claim Deed
related
$7,777,000 · City Nat'l Bk/fl
Oct 15, 2018
—
Sheltair Fxe Northside LLC
—
Grant Deed
related
$335,000,000 · Suntrust Bk
Jun 11, 2015
$4,600,000
Tcph Broward LLC
Gmacc 2004-c2 Executive Airpor
Quit Claim Deed
related
$3,665,000 · Privatebank & Tr
Sep 30, 2014
$400,100
2004-c2 Gmacc Executive
Capital Air INC Coc
Trustees 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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