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Property profile & analytics
OFF-MARKET
Estimated value
$9,860,000
Commercial land
526 8th St Fort Lauderdale, FL 33304-3145
Trust Owned
9-yr Hold
Absentee Owner
Property ID
US18-0131498
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1974
Construction
CONCRETE
Total area
16,642 SF
Lot
1.86 ac (81,126 SF)
Zoning code
RAC-UV
APN
49-42-34-07-2300
UPID
US18-0131498
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
-
Quantum Apartments Building 2 Security Service Construction Company
-
Nataly Noboa Condominium Complex
-
Pawsome Pet Care Kennel & Boarding Facility
-
Top Ad Online Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.68M
Blend (final)
Blend
$9.86M
Owner & transaction history
Flagler Village Land Trust · 9 yrs held
Flagler Village Land Trust
since 2017
7 recorded transactions
Zoning & alternative use
RAC-UV · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
stricts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/…
Zone name
Regional Activity Center Urban Village Districts
General category
CIVIC_INSTITUTIONAL
Zone area
126.57 ac
Top alternative use upside
Restaurant
$14.2M
+7.7%
Auto repair, garage
$13.5M
+2.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,200,000
Current use
RESTAURANT
$14,215,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,485,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,525,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,670,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$9.86M
Range $8.87M – $10.85M · ±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
$592 / 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
$144,206
Tax year 2023
Assessed value
$10,140,750
Assessed 2023
Previous assessed
$3,037,590
+233.8% YoY
Effective rate
1.42%
On assessed value
Assessed land
$10,140,750
Land market value
$10,140,750
Total market value
$10,140,750
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
2
Total area
16,642 SF
Lot
1.86 ac (81,126 SF)
Zoning code
RAC-UV
APN
49-42-34-07-2300
UPID
US18-0131498
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-UV · Fort Lauderdale, FLZoning RAC-UV · permitted uses
RAC-UV · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
stricts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/Medium Density RCS-15 - Residential Single Family / Medium Density RD-10 - County RD-1
Zone name
Regional Activity Center Urban Village Districts
General category
CIVIC_INSTITUTIONAL
Zone area
126.57 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.2M
RESTAURANT
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
WAREHOUSE, STORAGE
Est. value
$10.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Flagler Village Land Trust
Trust
Mailing address
6111 BROKEN SOUND PKWY NW STE #350, BOCA RATON, FL 33487-2774
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2017
—
Flagler Village Land Trust
Fort Lauderdale Us 1 LLC
Grant Deed
related
—
Aug 18, 2015
$132,550
Flagler Village Land Trust
Fort Lauderdale Us 1 LLC
Grant Deed
—
Jun 27, 2014
$9,012,000
Flagler Village Land Trust
Fort Lauderdale Us 1 LLC
Warranty Deed
—
Oct 18, 2007
$6,900,000
Fort Lauderdale Us 1 LLC
Spaxon Corp II
Warranty Deed
—
Feb 3, 2006
$6,700,000
Spaxon Corp II
540 Property LLC
Warranty Deed
—
Feb 3, 2006
—
Spaxon Corp II
Dencity Dev LLC
Deed Of Trust
related
$6,000,000 · 540 Property LLC
Nov 7, 2005
$4,050,000
540 Property LLC
540 Bulldog LLC
Warranty Deed
$3,037,500 · Ocean Bank
Sep 13, 2005
$2,475,500
540 Bulldog LLC
L A Properties LLC
Warranty Deed
$2,350,500 · Stonegate Bank
Oct 17, 2003
$1,810,000
L A Properties LLC
Dunmore Properties Ltd
Grant Deed
—
Jul 26, 2001
$1,075,000
Dunmore Properties Ltd
Kenneth A Welt Trustee
Grant Deed
—
—
—
540 Property LLC
—
Deed Of Trust
related
$200,000 · Spaxon Corp II
—
—
540 Property LLC
—
Deed Of Trust
related
$3,037,500 · Ocean Bank
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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