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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6101 Orange Dr Davie, FL 33314-3421

    • Office buildings
    • 2,618 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2020
    $910,000
    Value Estimations
    $1,145,000
    Show details
    Cap Rate Potential
    6%
    Office buildings
    Location Intelligence
    Property ID
    US18-5217273
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 6101 Orange Dr

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    2,618 SF
    Zone code
    RAC-TC
    Property type
    Office buildings
    APN
    50-41-26-02-0140
    APU
    504126020140

    Description

    This exceptional single-tenant office building, located at 6101 Orange Drive in Davie, Florida, presents a unique investment opportunity. The property boasts a convenient location on Orange Drive, providing quick access to the Turnpike and Highway 441, ensuring excellent accessibility for employees and clients. The building itself comprises approximately 2618 square feet and features a functional layout including 4-6 rooms, two bathrooms, and a kitchen. The zoning designation is RAC-TC. The property's APN is 504126020140. This single-suite building offers a streamlined management experience, ideal for a business seeking a dedicated and efficient workspace. The property's size and amenities make it suitable for a variety of office uses. Its strategic location in Davie, Florida, offers easy access to major transportation arteries, enhancing its overall appeal and potential for growth. The lot size is not specified. This is an excellent opportunity to acquire a well-situated and functional office building in a thriving area of South Florida. The property is ready for immediate occupancy. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000
      ML approach
      $1,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,235,000
      7%
      $1,145,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,060,000
      Market price range: $566k - $1.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,435,000
      Current use
      COMMERCIAL (GENERAL)
      $1,355,000
      Change: -6% Conversion: Easy
      MEDICAL BUILDING
      $1,220,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2283
    Latitude
    26.0661
    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
    $13,146
    $323,990
    $314,690
    $638,680
    -
    $323,990
    $314,690
    $638,680

    Comparable in this City

    • Value Estimation by Request
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      6573 Stirling Rd, Unit 11

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    • Value Estimation
      $555,000
      1,013 SF

      7450 Griffin Rd Ste, Unit 130

      OFFICE BUILDING (MULTI-STORY) • 1,013 SF
      7450 Griffin Rd Ste, Davie, FL 33314-4104
      View Details
    • Value Estimation
      $570,000
      1,357 SF

      7450 Griffin Rd Ste, Unit 140

      OFFICE BUILDING (MULTI-STORY) • 1,357 SF
      7450 Griffin Rd Ste, Davie, FL 33314-4104
      View Details
    • Value Estimation
      $605,000
      1,391 SF

      7450 Griffin Rd Ste, Unit 150

      OFFICE BUILDING (MULTI-STORY) • 1,391 SF
      7450 Griffin Rd Ste, Davie, FL 33314-4104
      View Details
    • Value Estimation
      $2,415,000
      7,080 SF

      4740 64th Ave

      OFFICE BUILDING • 7,080 SF
      4740 64th Ave, Davie, FL 33314-4426
      View Details
    • Value Estimation
      $4,090,000
      12,129 SF

      4780 64th Ave

      OFFICE BUILDING • 12,129 SF
      4780 64th Ave, Davie, FL 33314-4400
      View Details

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    6101 Orange Dr
    Davie, FL 33314-3421
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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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