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    5301 22nd Ave Tamarac, FL 33309-2710
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    Property profile & analytics

    5301 22nd Ave, Tamarac, FL 33309-2710

    View on Map
    • Warehouses
    • 12,655 SF
    • 0.97 lot acres
    Off-Market
    Last Sale Nov 10, 2021
    $2,700,000
    Property ID
    US18-1057558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,145,000
    Show details
    Cap Rate Potential
    3.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5301 22nd Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    0.97 lot acres
    Zone code
    I-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-17-06-0010
    APU
    494217060010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 10, 2021 $2,700,000 Ymo Investments LLC Lucky Investors LLC Limited Warranty Deed $1.6M · First National Bank Of Coffee Count
    Jul 13, 2016 $700,000 Lucky Investors LLC Tamarac Storage LLC Warranty Deed $580k · Branch Bk&tr
    Sep 27, 2011 $400,000 Tamarac Storage LLC Prospect Storage LLC Warranty Deed —
    Feb 27, 2001 $420,300 Prospect Storage LLC Pruzan,alex Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,005,000
      ML approach
      $3,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,500,000
      6.5%
      $2,305,000
      7%
      $2,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,358,000
      Market price range: $2.33M - $7.08M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,045,000
      Current use
      RETAIL STORES
      $4,800,000
      Change: +19% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.1733
    Latitude
    26.1921
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,515
    $295,150
    $1,187,740
    $1,482,890
    -
    $295,150
    $1,187,740
    $1,482,890

    Comparable in this City

    • Value Estimation
      $1,150,000
      7,779 SF

      3050 60th St

      MINI-WAREHOUSE, STORAGE
      3050 60th St, Fort Lauderdale, FL 33309-2249
      View Details
    • Value Estimation
      $1,650,000
      11,053 SF

      970 988th Nw 44th St

      MINI-WAREHOUSE, STORAGE
      970 988th Nw 44th St, Oakland Park, FL 33309
      View Details
    • Value Estimation by Request
      2,572 SF

      200 Prospect Rd

      MINI-WAREHOUSE, STORAGE
      200 Prospect Rd, Oakland Park, FL 33309-3926
      View Details
    • Value Estimation by Request
      1,440 SF

      120 Prospect Rd

      MINI-WAREHOUSE, STORAGE
      120 Prospect Rd, Oakland Park, FL 33309-3924
      View Details
    • Value Estimation
      $11,405,000
      90,377 SF

      1 57th St

      MINI-WAREHOUSE, STORAGE
      1 57th St, Fort Lauderdale, FL 33309-2344
      View Details
    • Value Estimation
      $8,330,000
      69,406 SF

      3001 60th St, Unit 3067

      MINI-WAREHOUSE, STORAGE
      3001 60th St, Fort Lauderdale, FL 33309-2254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,520 SF

      Oakland Park Warehouse Property

      12,520 SF warehouse property with 32 individual storage units.
      821-835 NW 45Th St, Oakland Park, FL 33309
      View Details
    • $2,300,000

      Oakland Park Industrial Warehouse

      Eight-unit industrial warehouse in a desirable location with value-add potential.
      3560 NW 10Th Ave, Oakland Park, FL 33309
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      Office/Warehouse Combination For Sale

      Well-located office/warehouse combination with easy access to major highways.
      4700 W Prospect Rd, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing

      Oakland Park Industrial Units

      Industrial units for lease in Oakland Park, Florida.
      4120-4132 NW 10Th Ave, Oakland Park, FL 33309
      View Details
    • Contact for pricing
      Pending

      Freestanding Warehouse on Spacious Lot

      Freestanding warehouse building on 0.77 acres, paved and fenced.
      815 NW 57Th Ct, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing
      14,793 SF

      Air Conditioned Flex Space Available

      14,793 SF flex space with ample parking.
      742-750 W Mcnab Rd, Fort Lauderdale, FL 33309
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,065 SF

      Fort Lauderdale Office/Warehouse Combination

      Well-located office/warehouse space with showroom potential in Fort Lauderdale.
      4700 W Prospect Rd, Fort Lauderdale, FL 33309
      View Details
    • $15 SF/Yr
      228,176 SF

      Spacious Flex Space with Office

      1766 SF flex space with warehouse and office component.
      5420 NW 33Rd Ave, Fort Lauderdale, FL 33309
      View Details
    • Contact for pricing

      Warehouse Space with Loading Docks

      Warehouse space with loading docks, offices, and excellent access.
      6500 Powerline Rd, Fort Lauderdale, FL 33309
      View Details
    • $7,500 /Mo

      Flex Space with Storage Yard

      Upscale flex building with storage in Gateway Industrial Park.
      6742 NW 17Th Ave, Fort Lauderdale, FL 33309
      View Details
    • $17 SF/Yr
      23,028 SF

      Renovated Industrial Space in Fort Lauderdale

      Newly renovated industrial bays available for rent in Q2 2023.
      4120-4138 Northwest 10Th Ave, Fort Lauderdale, FL 33309
      View Details
    Request Owner's contact information
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    5301 22nd Ave
    Tamarac, FL 33309-2710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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