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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Warehouses
5553 Ravenswood Rd Fort Lauderdale, FL 33312-6655
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0497589
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
CONCRETE
Total area
31,518 SF
Lot
6.21 ac (270,521 SF)
Zoning code
IROM
APN
50-42-32-45-0010
UPID
US19-0497589
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
-
L-3 G.A. International Inc. Military Base
-
Drone Nerds - Corporate Office Department Store
-
Wartsila G.A. International Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Italbec US Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.06M
Comparable Approach
Comparable
$8.93M
Blend (final)
Blend
$9.00M
Owner & transaction history
Ktr Hollywood LLC · 14 yrs held
Ktr Hollywood LLC
since 2012
2 recorded transactions
Zoning & alternative use
IROM · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$14.8M
+18.4%
Medical building
$14.7M
+17.4%
Retail stores
$12.8M
+2.7%
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%
$8,725,000
6.5%
$8,055,000
7%
$7,480,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,510,000
Current use
INDUSTRIAL (GENERAL)
$14,810,000
Change: +18% · Conversion: Easy
MEDICAL BUILDING
$14,685,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$12,845,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±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
$286 / 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
$303,294
Tax year 2023
Assessed value
$16,295,200
Assessed 2023
Previous assessed
$12,838,680
+26.9% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,164,170
Assessed improvement
$14,131,030
Land market value
$2,164,170
Improvement market value
$14,131,030
Total market value
$16,295,200
Applied tax rate
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Bathrooms
16
Total area
31,518 SF
Lot
6.21 ac (270,521 SF)
Zoning code
IROM
APN
50-42-32-45-0010
UPID
US19-0497589
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IROM · Fort Lauderdale, FL
Zoning IROM · permitted uses
IROM · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.5M
INDUSTRIAL (GENERAL)
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$14.7M
RETAIL STORES
Est. value
$12.8M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1
Buildings
4
Bathrooms
16
Lot
6.21 ac
Current owner
From public records · entity-resolved
Ktr Hollywood LLC
Entity
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2012
$49,800,000
Ktr Hollywood LLC
Wilson Hollywood Showroom LLC
Grant Deed
$36,762,500 · Mony Life Insurance Co
Jun 30, 2006
$13,130,400
Wilson Hollywood Showroom LLC
Designers Pl Of Dania Ph II Ltd
Grant Deed
—
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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