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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Retail space
5149 Powerline Rd, Fort Lauderdale, FL 33309-3156
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2784459
Property summary
AI-generated overview
This exceptional 3,552 square foot Class A creative office space is situated in a single-tenant freestanding building at 5149 Powerline Road, Fort Lauderdale, FL 33309. Boasting prime visibility on a busy thoroughfare, this property offers unparalleled exposure just one block north of Commercial Boulevard. The building features flexible B-3 zoning, allowing for a variety of uses. High ceilings (12 feet) and two 10x10 roll-up garage doors add to the space's versatility. A newly installed HVAC system ensures year-round comfort. Ample parking is provided with 36 shared spaces, and the location offers easy access to I-95. The surrounding area is thriving, with nearby businesses including a pet spa, automotive center, and BJ's Wholesale Club, ensuring high traffic and visibility. This blank-canvas space presents a unique opportunity to establish your business in a high-demand location. The lease rate is $22 per square foot, plus CAM charges. The APN is 494216020150.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
CONCRETE
Total area
9,937 SF
Lot
0.39 ac (16,800 SF)
Zoning code
B-3
APN
49-42-16-02-0150
UPID
US18-2784459
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
-
Hounds Town - Fort Lauderdale North Kennel & Boarding Facility
-
IAVI Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Rabtown INC · 3 yrs held
Rabtown INC
since 2023
Last sale
$2.3M
7 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
$2,140,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
$2,950,000
6.5%
$2,725,000
7%
$2,530,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,770,000
Current use
WAREHOUSE, STORAGE
$3,175,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10% · vs last sale $2.34M (Feb 21 2023)
Last sale anchor
$2.34M
Feb 21 2023
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
$235 / 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
$34,008
Tax year 2023
Assessed value
$2,103,290
Assessed 2023
Previous assessed
$2,103,290
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$134,400
Assessed improvement
$1,968,890
Land market value
$134,400
Improvement market value
$1,968,890
Total market value
$2,103,290
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
9,937 SF
Lot
0.39 ac (16,800 SF)
Zoning code
B-3
APN
49-42-16-02-0150
UPID
US18-2784459
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
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.2M
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
1969
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Rabtown INC
Entity
Mailing address
9010 S LK DASHA DR, PLANTATION, FL 33324-3015
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
Rabtown INC
—
Deed
related
$1,314,600 · Bank Five Nine
Feb 21, 2023
$2,342,500
Rabtown INC
Coconut Fields Forever LLC
Warranty Deed
$1,314,600 · Bank Five Nine
Feb 21, 2023
—
Rabtown INC
Alison Siegel
Quit Claim Deed
related
$1,878,000 · Bank Five Nine
May 26, 2020
—
Coconut Fields Forever LLC
—
Deed
related
$1,628,000 · Optimumbank
May 19, 2016
$2,800,000
Coconut Fields Forever LLC
Lamar Electronics INC
Quit Claim Deed
related
—
—
—
Coconut Fields Forever LLC
—
Deed Of Trust
related
$1,628,000 · Optimumbank
—
—
Lamar Electronics INC
—
Deed Of Trust
related
$183,540 · Optimumbank Com
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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