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Property profile & analytics
OFF-MARKET
Estimated value
$14,525,000
Warehouses
5370 University Dr Davie, FL 33328-5304
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2685933
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
CONCRETE
Total area
72,401 SF
Lot
4.47 ac (194,769 SF)
Zoning code
CC
APN
50-41-33-17-0010
UPID
US18-2685933
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
$10.30M
CAP Approach
CAP
$11.44M
Comparable Approach
Comparable
$12.97M
Blend (final)
Blend
$14.53M
Owner & transaction history
Mhc 214 Davie Fl LLC · 3 yrs held
Mhc 214 Davie Fl LLC
since 2022
Last sale
$17.6M
4 recorded transactions
Zoning & alternative use
CC · Davie, 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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
$17,355,000
ML approach
$10,295,000
CAP Approach
CAP Return
Estimation
6%
$12,385,000
6.5%
$11,435,000
7%
$10,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,880,000
Current use
Blend value · Realmo final
$14.53M
Range $13.07M – $15.98M · ±10% · vs last sale $17.55M (Nov 18 2022)
Last sale anchor
$17.55M
Nov 18 2022
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
$201 / 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
$265,803
Tax year 2023
Assessed value
$15,110,190
Assessed 2023
Previous assessed
$15,110,190
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$2,921,540
Assessed improvement
$12,188,650
Land market value
$2,921,540
Improvement market value
$12,188,650
Total market value
$15,110,190
Applied tax rate
2,413.0000
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
4
Total area
72,401 SF
Lot
4.47 ac (194,769 SF)
Zoning code
CC
APN
50-41-33-17-0010
UPID
US18-2685933
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CC · Davie, FL
Zoning CC · permitted uses
CC · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$22.9M
WAREHOUSE, STORAGE Current
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
4
Lot
4.47 ac
Current owner
From public records · entity-resolved
Mhc 214 Davie Fl LLC
Entity
Mailing address
41 FLATBUSH AVE STE 3C, BROOKLYN, NY 11217-1145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Mhc 198 Rogers Ar LLC
—
Deed
related
$425,000,000 · Goldman Sachs Bank USA
Nov 18, 2022
$17,550,000
Mhc 214 Davie Fl LLC
Everest Storage II LLC
Special Warranty Deed
$200,000,000 · Citibank NA
Nov 8, 1999
—
Everest Storage II LLC
—
Deed Of Trust
related
$4,800,000 · Gmac Commercial Mortgage Corp
—
—
Everest Storage II LLC
—
Deed Of Trust
related
$3,207,201 · Wells Fargo 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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