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    590 Sawgrass Corporate Pkwy Sunrise, FL 33325-6255
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    Property profile & analytics

    590 Sawgrass Corporate Pkwy, Sunrise, FL 33325-6255

    View on Map
    • Warehouses
    • 10,388 SF
    • 2.50 lot acres
    Off-Market
    Property ID
    US19-0614355
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 590 Sawgrass Corporate Pkwy

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    2.50 lot acres
    Zone code
    I-1
    Property type
    Warehouses
    APN
    49-40-34-04-0024
    APU
    494034040024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 9, 2016 $4,050,000 Atlantik Holdings LLC Kide Ents LLC Warranty Deed · related $3.2M · Suntrust Bk
    Jan 20, 2004 $2,400,000 Kide Enterpirses LLC Sherbon Enterprises INC Grant Deed $1.4M · Wachovia Bank NA
    Apr 10, 1997 $489,400 Sherbon Enterprises INC Sawgrass Land Associates Grant Deed $450k · Barnett Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,875,000
      6.5%
      $2,655,000
      7%
      $2,465,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,615,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.3323
    Latitude
    26.1296
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $73,063
    $897,060
    $2,343,580
    $3,240,640
    -
    $897,060
    $2,343,580
    $3,240,640

    Comparable in this City

    • Value Estimation
      $6,690,000
      30,076 SF

      11850 State Rd 84th, Unit 11880

      WAREHOUSE, STORAGE
      11850 State Rd 84th, Davie, FL 33325-3809
      View Details
    • Value Estimation
      $530,000
      4,704 SF

      13290 State Rd 84

      MINI-WAREHOUSE, STORAGE
      13290 State Rd 84, Davie, FL 33325-3244
      View Details
    • Value Estimation
      $2,885,000
      19,038 SF

      12950 State Rd 84th, Unit 12990

      MINI-WAREHOUSE, STORAGE
      12950 State Rd 84th, Davie, FL 33325-3306
      View Details
    • Value Estimation
      $2,090,000
      10,616 SF

      320 International Pkwy

      WAREHOUSE, STORAGE
      320 International Pkwy, Sunrise, FL 33325-6240
      View Details
    • Value Estimation
      $10,735,000
      114,474 SF

      250 136th Ave

      MINI-WAREHOUSE, STORAGE
      250 136th Ave, Davie, FL 33325-3108
      View Details
    • Value Estimation
      $2,670,000
      16,144 SF

      560 Sawgrass Corporate Pkwy

      WAREHOUSE, STORAGE
      560 Sawgrass Corporate Pkwy, Sunrise, FL 33325-6255
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $750,000
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      Plantation Acres Land Opportunity

      Land available for luxury townhome development near Sawgrass Mills Mall.
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    Similar Nearby for Lease

    • Contact for pricing
      116,167 SF

      Class A Distribution Center

      Distribution center with easy access to major expressways.
      800-900 International Pkwy, Sunrise, FL 33325
      View Details
    • Contact for pricing
      34,470 SF

      Sunrise Warehouse with Covered Dock

      34,470 SF warehouse with offices, mezzanine, and covered dock.
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    • Contact for pricing
      22,635 SF

      Sunrise Flex/Industrial Space Available

      Flex/industrial space for rent near major expressways.
      13800 NW 2Nd St, Sunrise, FL 33325
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    • Contact for pricing
      5,178 SF

      Sunrise Office Space For Rent

      Centrally located office space in Sawgrass Corporate Park.
      13630 NW 8Th St, Sunrise, FL 33325
      View Details
    • Contact for pricing
      1,565 SF

      Retail Space Near Sawgrass Mills

      Retail space available in Davie, near major shopping destinations.
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      View Details
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    Sunrise, FL 33325-6255
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    590 Sawgrass Corporate Pkwy, Sunrise, FL, 33325
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