5960 23rd St West Park, FL 33023-4065
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$405k
Range $365k – $446k (±10%)
Property ID
US18-5384631
Property summary
AI-generated overview
This exceptional investment opportunity presents a free-standing, 5,951 square foot warehouse building situated on a corner lot in West Park, Florida. Constructed in 1966, this single-story concrete block structure boasts four bays: two 2,000 square foot bays and two 1,000 square foot bays. The warehouse features 14-foot ceilings and 12-foot door clearance, providing ample space for various industrial uses. Access is facilitated by six grade-level roll-up garage doors. Currently 100% occupied by tenants, this property offers a stable income stream. Its prime location offers easy access to major transportation arteries, including State Road 7, I-95, and the Turnpike, ensuring convenient logistics and accessibility. The asking price is $2,400,000. Please note that this is an investment opportunity, and tenants should not be disturbed. The property is located in Broward County, Florida, with the address being 5960 SW 23rd St, West Park, FL 33023.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
CONCRETE
Total area
5,900 SF
Lot
0.27 ac (11,666 SF)
Zoning code
TOC
APN
51-41-24-02-1130
UPID
US18-5384631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$405k
Owner & transaction history
since 2013
7 recorded transactions
Zoning & alternative use
TOC · West Park, FL
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$405k
Value range
$365k – $446k
±10% around blend
Estimated value / SF
$69 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$365k
blend $405k
$446k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,900 SF
Lot area
0.27 ac
Year built
1966
Stories
1
APN
51-41-24-02-1130
Assessed value
$701,490
Annual tax
$15,707
3
Income approach: direct capitalization
Partial preview
Income approach indication
$980k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.06M
@ 6.5% CAP return
$980k
@ 7% CAP return
$910k
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.4 mi away · 4,655 SF
2.1 mi away · 6,858 SF
2.9 mi away · 7,320 SF
2.9 mi away · 7,350 SF
3.4 mi away · 4,862 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$405k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 114 sales
$283
-76%
Submarket 261 sales
$316
-78%
County 1610 sales
$325
-79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $69/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$701k
Move the market yield to see immediate price impact.
Value / SF
$119
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$884k
$631k
$491k
$49k
$982k
$701k
$546k
$54k
$1.08M
$772k
$600k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.65M
0.3 mi · Sep 2025 · $275/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,707
Tax year 2023
Assessed value
$701,490
Assessed 2023
Previous assessed
$646,040
+8.6% YoY
Effective rate
2.24%
On assessed value
Assessed land
$81,660
Assessed improvement
$619,830
Land market value
$81,660
Improvement market value
$619,830
Total market value
$701,490
Applied tax rate
3,513.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,900 SF
Lot
0.27 ac (11,666 SF)
Zoning code
TOC
APN
51-41-24-02-1130
UPID
US18-5384631
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC · West Park, FLZoning TOC · permitted uses
TOC · West Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
TOC
UNKNOWN
Jurisdiction
West Park, FL
Recorded code
TOC
Official district
TOC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOC in West Park, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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