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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Retail residential properties
637 Foster Rd Hallandale Beach, FL 33009-3223
Individually Owned
2-yr Hold
Property ID
US18-2921203
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1955
Construction
CONCRETE
Total area
5,775 SF
Lot
0.3 ac (13,125 SF)
Zoning code
WEST RAC
APN
51-42-21-18-0270
UPID
US18-2921203
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$830k
Owner & transaction history
Romulus Recreation & Wellness Cente · 2 yrs held
Romulus Recreation & Wellness Cente
since 2023
Last sale
$795,000
4 recorded transactions
Zoning & alternative use
WEST RAC · Hallandale Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hallandale Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale 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
$835,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $795k (Aug 29 2023)
Last sale anchor
$795k
Aug 29 2023
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
$144 / 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
$22,064
Tax year 2023
Assessed value
$831,460
Assessed 2023
Previous assessed
$831,460
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$118,130
Assessed improvement
$713,330
Land market value
$118,130
Improvement market value
$713,330
Total market value
$831,460
Applied tax rate
2,513.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
5,775 SF
Lot
0.3 ac (13,125 SF)
Zoning code
WEST RAC
APN
51-42-21-18-0270
UPID
US18-2921203
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
WEST RAC · Hallandale Beach, FL
Zoning WEST RAC · permitted uses
WEST RAC · Hallandale Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Romulus Recreation & Wellness Cente
Individual
Mailing address
10772 NW 61ST CT, PARKLAND, FL 33076-3748
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$795,000
Romulus Recreation & Wellness Cente
Miami Renovation LLC
Warranty Deed
$525,000 · Benworth Capital Partners LLC
Mar 15, 2021
$925,000
Miami Renovation LLC
Edwin Stanley
Warranty Deed
$731,000 · Benworth Capital Partners LLC
Oct 25, 2019
$100
Edwin Stanley
Joyce Stanley
Quit Claim Deed
related
—
—
—
Edwin Stanley
—
Deed Of Trust
related
$19,766 · Hallandale Beach Community
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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