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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Distribution centers
59 12th Ave Ste 103 Dania Beach, FL 33004-3542
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9364821
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
CONCRETE
Total area
5,040 SF
Lot
0.12 ac (5,040 SF)
Zoning code
I-G
APN
50-42-33-AA-0150
UPID
US18-9364821
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
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Tb3 Re Holdings LLC · 1 yrs held
Tb3 Re Holdings LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
I-G · Dania Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+234.2%
Auto repair, garage
$3.8M
+196.5%
Neighborhood: shopping center
$3.4M
+165.0%
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 Dania Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dania Beach 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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,240,000
Change: +234% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,760,000
Change: +197% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,360,000
Change: +165% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,445,000
Change: +93% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,315,000
Change: +83% · Conversion: Easy
OFFICE BUILDING
$2,295,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$1,770,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Sep 19 2024)
Last sale anchor
$2.60M
Sep 19 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
$516 / 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
$20,970
Tax year 2023
Assessed value
$1,011,520
Assessed 2023
Previous assessed
$1,011,520
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$101,150
Assessed improvement
$910,370
Land market value
$101,150
Improvement market value
$910,370
Total market value
$1,011,520
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
5,040 SF
Lot
0.12 ac (5,040 SF)
Zoning code
I-G
APN
50-42-33-AA-0150
UPID
US18-9364821
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-G · Dania Beach, FL
Zoning I-G · permitted uses
I-G · Dania Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dania Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2005
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Tb3 Re Holdings LLC
Entity
Mailing address
73 SW 12TH AVE STE #107, DANIA BEACH, FL 33004-3523
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$2,600,000
Tb3 Re Holdings LLC
Ff One LLC
Special Warranty Deed
$2,080,000 · First Bank
Jun 28, 2024
—
Ff One LLC
—
Deed
related
—
Dec 2, 2020
$987,000
Ffone LLC
Gi Group Florida LP
Warranty Deed
—
Sep 19, 2017
—
Gi Group Florida LP
—
Deed
related
$1,500,000 · Roynat INC
Sep 30, 2016
$760,000
Gi Group Florida LP
Dasasa Holdings LLC
Warranty Deed
—
Aug 28, 2012
$582,800
Dasasa Holdings LLC
M & R Leasing Resources LLC
Warranty Deed
$178,500 · Community Bank Of Broward
Aug 14, 2008
$630,000
M & R Leasing Resources LLC
K & M Ents LLC
Warranty Deed
$560,000 · Community Bank Of Broward
Jun 26, 2006
$630,000
K & M Ents LLC
Dania Distribution Centre Ltd
Warranty Deed
$560,000 · Community Bank Of Broward
—
—
Gi Group Florida LP
—
Deed Of Trust
related
$1,500,000 · Roynat INC
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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