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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Retail space
5710 Pembroke Rd West Park, FL 33023-2338
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5123393
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
CONCRETE
Total area
3,780 SF
Lot
0.14 ac (5,979 SF)
Zoning code
TOC 2
APN
51-41-24-11-1820
UPID
US18-5123393
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
$1.10M
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$1.08M
Owner & transaction history
Mr Laundry LLC · 3 yrs held
Mr Laundry LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
TOC 2 · West Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+86.8%
Medical building
$1.3M
+40.9%
Office building
$1.1M
+21.2%
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 West Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$1,075,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
RETAIL STORES
$940,000
Current use
COMMERCIAL (GENERAL)
$1,760,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$1,325,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$1,070,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.28M (Sep 7 2022)
Last sale anchor
$1.28M
Sep 7 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
$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
$14,924
Tax year 2023
Assessed value
$645,100
Assessed 2023
Previous assessed
$663,010
-2.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$59,790
Assessed improvement
$585,310
Land market value
$59,790
Improvement market value
$585,310
Total market value
$645,100
Applied tax rate
3,513.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,780 SF
Lot
0.14 ac (5,979 SF)
Zoning code
TOC 2
APN
51-41-24-11-1820
UPID
US18-5123393
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC 2 · West Park, FLZoning TOC 2 · permitted uses
TOC 2 · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mr Laundry LLC
Entity
Mailing address
1568 NE 165TH ST, NORTH MIAMI BEACH, FL 33162-4011
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Mr Laundry LLC
—
Deed
related
$450,000 · Regions Bank
Sep 7, 2022
$1,280,000
Mr Laundry LLC
Carnival 1 LLC
Warranty Deed
$300,000 · Taylor Made Lending LLC
Dec 26, 2019
$1,080,000
Carnival I LLC
Dvw Holdings LLC
Warranty Deed
$1,512,000 · Us Century Bk
Dec 14, 2016
$950,000
Dvw Holdings LLC
Pembroke Associates LLC
Grant Deed
related
$1,080,000 · Ocean Bk
Sep 12, 2014
$737,500
Pembroke Associates LLC
John Henry Associates INC
Quit Claim Deed
related
$810,000 · Jif Investment Co INC
Apr 2, 2004
$139,500
John Henry Associates INC
Mcdowell,lela S
Grant Deed
—
—
—
John Henry Associates INC
—
Deed Of Trust
related
$800,000 · Home Federal Bank Hollywood
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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