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Property profile & analytics
FOR LEASE
Warehouses
559 NE 42Nd St Oakland Park, FL 33334
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3146060
For Lease
1 / 10
$1,570,000
559 NE 42Nd St, Oakland Park, FL 33334
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
CONCRETE
Total area
7,253 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-1
APN
49-42-22-19-0600
UPID
US18-3146060
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
$1.57M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.57M
Owner & transaction history
M559ne42 LLC · 1 yrs held
M559ne42 LLC
since 2024
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
I-1 · Oakland Park, 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 Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park 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
$1,570,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
$2,010,000
6.5%
$1,855,000
7%
$1,720,000
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.57M (Oct 17 2024)
Last sale anchor
$1.57M
Oct 17 2024
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
$216 / 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
$25,804
Tax year 2023
Assessed value
$1,178,460
Assessed 2023
Previous assessed
$1,178,460
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$112,500
Assessed improvement
$1,065,960
Land market value
$112,500
Improvement market value
$1,065,960
Total market value
$1,178,460
Applied tax rate
1,712.0000
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
For Lease
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
7,253 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-1
APN
49-42-22-19-0600
UPID
US18-3146060
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Oakland Park, FL
Zoning I-1 · permitted uses
I-1 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakland Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
M559ne42 LLC
Entity
Mailing address
1650 NW 33RD ST, POMPANO BEACH, FL 33064-1428
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 17, 2024
$1,567,500
M559ne42 LLC
Ds 42nd Street LLC
Warranty Deed
$1,100,000 · Scott Pedowitz
Aug 10, 2022
$1,300,000
Ds 42nd Street LLC
Electric Estate Investors LLC
Warranty Deed
$845,000 · Locality Bank
Nov 26, 2018
$850,000
Electric Estate Investors LLC
French,robin E & Kathleen E
Warranty Deed
$550,000 · Robin E & Kathleen E French
—
—
Robin E French
—
Deed Of Trust
related
$145,000 · Bankatlantic Fsb
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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