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Property profile & analytics
FOR LEASE
Warehouses

5150 SW 48Th Way Fort Lauderdale, FL 33314

28,216 SF 1.85 ac lot Built 1993
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US18-2686260
Property summary
AI-generated overview

This single-tenant office space, located at 5150 SW 48th Way in Davie, Florida (zip code 33314), is part of the Pelican Bays complex, built between 1988 and 1996. The property is zoned M-2 and has a Davie, FL address. The building is one of eight in a larger warehouse complex totaling 199,257 square feet of flex, industrial, and office space. Pelican Bays is situated in a highly accessible location, just 1.5 miles from I-595 and less than a mile from the Florida Turnpike. Its proximity to the Hard Rock Guitar Hotel and the 44-acre Manheim Fort Lauderdale Auto Auction makes it particularly attractive for businesses in the automotive and related industries, as well as distribution, wholesale, marine, aviation, and service providers. The complex boasts a vibrant community of over 120 businesses serving Miami-Dade, Broward, and Palm Beach counties. While the specific size of this office is not listed, the smallest office spaces within Pelican Bays are 460 square feet. The property's APN is 504136150212. This is an excellent opportunity for a business seeking a strategic location in a thriving commercial area.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Construction CONCRETE
Total area 28,216 SF
Lot 1.85 ac (80,570 SF)
Zoning code M-2
APN 50-41-36-15-0130
UPID US18-2686260
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pelican Bays Ground Lessor LLC · 3 yrs held
Pelican Bays Ground Lessor LLC
since 2022
Last sale
$50.0M
5 recorded transactions
2022
Price N/A
2022
$50.0M
2020
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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