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Property profile & analytics
OFF-MARKET
Estimated value
$9,060,000
Warehouses
5201 31st Ave, Fort Lauderdale, FL 33309-2205
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3842322
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
61,392 SF
Lot
2.43 ac (105,707 SF)
Zoning code
B-2
APN
49-42-18-16-0120
UPID
US18-3842322
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
-
Ilana Hair Design Cosmetic Store Big Box & Wholesale Store
-
Amgy Real Estate Photography Photography Service (Bike/Boat/Book/etc) Store
-
Junk Car Buyers Fort Lauderdale Auto Parts Store Waste Management Facility
-
Cheryl Barth Piano Tutoring Service Training Center
-
24/7 Fort Lauderdale Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.19M
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$9.06M
Owner & transaction history
Extra Space Properties 104 LLC · 11 yrs held
Extra Space Properties 104 LLC
since 2015
5 recorded transactions
Zoning & alternative use
B-2 · 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%
$12,120,000
6.5%
$11,185,000
7%
$10,390,000
Blend value · Realmo final
$9.06M
Range $8.15M – $9.97M · ±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
$148 / 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
$158,794
Tax year 2023
Assessed value
$7,818,550
Assessed 2023
Previous assessed
$7,481,460
+4.5% YoY
Effective rate
2.03%
On assessed value
Assessed land
$845,660
Assessed improvement
$6,972,890
Land market value
$845,660
Improvement market value
$6,972,890
Total market value
$7,818,550
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
5
Stories
3
Total area
61,392 SF
Lot
2.43 ac (105,707 SF)
Zoning code
B-2
APN
49-42-18-16-0120
UPID
US18-3842322
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Fort Lauderdale, FL
Zoning B-2 · permitted uses
B-2 · 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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Lot
2.43 ac
Current owner
From public records · entity-resolved
Extra Space Properties 104 LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2017
—
Extra Space Properties 104 LLC
—
Loan Modification
related
$126,000,000 · Bank Of America
Jun 23, 2015
—
Extra Space Properties 104 LLC
Extra Space Properties Thirty
Quit Claim Deed
related
$126,000,000 · Bank Of America
Dec 28, 2009
—
Extra Space Properties Thirty Nine
Extra Space Properties Fifteen LLC
Warranty Deed
$20,000,000 · City National Bank Of Florida
Sep 10, 2004
$5,882,400
Extra Space Props Fifteen LLC
Storage Spot Properties 1
Grant Deed
$4,457,000 · Wachovia Bank NA
—
—
Storage Spot Properties 1 LP
—
Deed Of Trust
related
$3,500,435 · Wachovia Bank NA
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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