610 3rd Ave Fort Lauderdale, FL 33311-7450
Individually Owned
~
Est. High Equity
Estimated value (blended)
$1.92M
Range $1.72M – $2.11M (±10%)
Property ID
US19-0497092
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
CONCRETE
Total area
8,019 SF
Lot
0.46 ac (20,250 SF)
Zoning code
NWRAC-MUE
APN
49-42-34-07-6610
UPID
US19-0497092
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charitable Organization Social Service Agency
-
Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.92M
Owner & transaction history
since 2025
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
NWRAC-MUE · Fort Lauderdale, FL
Zoning description
iation Airport District H-1 - Historic Preservation District I - General Industrial I-1 - County IOA - Intracoastal Overlook Area District M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District…
General category
MIXED_USE
Top alternative use upside
Commercial (general)
$2.1M
+15.3%
Retail stores
$2.0M
+8.3%
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 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.92M
Value range
$1.72M – $2.11M
±10% around blend
Estimated value / SF
$239 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.72M
blend $1.92M
$2.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,019 SF
Lot area
0.46 ac
Year built
1963
Stories
1
APN
49-42-34-07-6610
Assessed value
$1,202,070
Annual tax
$1,564
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.05M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.22M
@ 6.5% CAP return
$2.05M
@ 7% CAP return
$1.91M
4
Sales comparison
Partial preview
Sales approach indication
$1.93M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 10,003 SF
2.5 mi away · 9,660 SF
2.5 mi away · 6,400 SF
2.5 mi away · 5,867 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 86 sales
$232
+3%
Submarket 671 sales
$348
-31%
County 1610 sales
$325
-26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $239/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+15%
vs current-use indication
Retail Stores
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 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$1.80M
Move the market yield to see immediate price impact.
Value / SF
$224
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%
$113k
$2.27M
$1.62M
$1.26M
$126k
$2.52M
$1.80M
$1.40M
$139k
$2.77M
$1.98M
$1.54M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.20M
0.6 mi · Feb 2026 · $220/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,564
Tax year 2023
Assessed value
$1,202,070
Assessed 2023
Previous assessed
$942,750
+27.5% YoY
Effective rate
0.13%
On assessed value
Assessed land
$222,750
Assessed improvement
$979,320
Land market value
$222,750
Improvement market value
$979,320
Total market value
$1,202,070
Applied tax rate
312.0000
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
8,019 SF
Lot
0.46 ac (20,250 SF)
Zoning code
NWRAC-MUE
APN
49-42-34-07-6610
UPID
US19-0497092
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWRAC-MUE · Fort Lauderdale, FLZoning NWRAC-MUE · permitted uses
NWRAC-MUE · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
iation Airport District H-1 - Historic Preservation District I - General Industrial I-1 - County IOA - Intracoastal Overlook Area District M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.46 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
NWRAC-MUE
MIXED_USE
Jurisdiction
Fort Lauderdale, FL
Recorded code
NWRAC-MUE
Official district
NWRAC-MUE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NWRAC-MUE in Fort Lauderdale, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
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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