Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6421 22Nd Ave Fort Lauderdale, FL 33308

    • Residential income homes
    • 2,202 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1380555
    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

    • Residential income homes

    Property Details for 6421 22Nd Ave

    Year built
    1969
    Property size
    2,202 SF
    Property type
    Residential income homes
    APN
    494212130880

    Description

    This exceptional 4-bedroom, 2-bathroom Airbnb in Fort Lauderdale's desirable Imperial Point neighborhood presents a lucrative investment opportunity. Boasting 2,202 square feet on a 7,000 square foot lot, this 1-story, 1969-built property underwent a complete renovation in 2022. Currently operating as a highly-rated, fully furnished Airbnb, it offers immediate income potential. The property features a paid-off solar-heated pool, a 2-car garage (convertible to additional rental space), and ample parking. Financial projections indicate a substantial annual rental income of $181,000, resulting in a pro-forma NOI of $151,000 and a pro-forma cap rate of 15.89%. The current NOI is $100,000, and the cap rate is 10.53%. The asking price is $950,000, with a price per square foot of $431.43. Situated in a RS8 zoned area, this property is located at 6421 NE 22nd Ave, Fort Lauderdale, FL 33308. The property includes some impact windows and French doors, KraftMaid wood cabinets, and a spacious backyard. It is not located in a flood zone. This turnkey operation offers a rare combination of immediate income and significant growth potential. The property is an LLC ownership and has no ground lease. Five parking spaces are available per key.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1123456
    Latitude
    26.2075132

    Comparable in this City

    • $849,000

      Fort Lauderdale Beach Investment Opportunity

      High-income, fully furnished beachfront vacation rental with amenities.
      4040 Galt Ocean Dr, Fort Lauderdale, FL 33308
      View Details
    • $26,500,000
      46,763 SF

      Fort Lauderdale Hotel Portfolio For Sale

      Two turnkey hotels with 133 rooms on 1.66 acres.
      4041-4051 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      1.66 Acres

      Ocean Beach Hotel Assemblage

      Prime Fort Lauderdale Beach Hotel
      4041 Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • $4,750,000
      0.28 Acres

      Renovated Resort Near the Ocean

      12-unit renovated resort, short walk to the ocean.
      4553 Bougainvilla Dr, Fort Lauderdale, FL 33308
      View Details
    • $1,700,000
      0.34 Acres

      Fort Lauderdale Investment Property with Pool

      Six-unit investment property in high-demand area with pool and laundry.
      2011 NE 56Th St, Fort Lauderdale, FL 33308
      View Details
    • $1,325,000
      2,310 SF

      Fort Lauderdale Business & Building

      Prime Location, Established Business, High Returns
      3562 Ocean Blvd, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Sale

    • $849,000

      Fort Lauderdale Beach Investment Opportunity

      High-income, fully furnished beachfront vacation rental with amenities.
      4040 Galt Ocean Dr, Fort Lauderdale, FL 33308
      View Details
    • $26,500,000
      46,763 SF

      Fort Lauderdale Hotel Portfolio For Sale

      Two turnkey hotels with 133 rooms on 1.66 acres.
      4041-4051 N Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      1.66 Acres

      Ocean Beach Hotel Assemblage

      Prime Fort Lauderdale Beach Hotel
      4041 Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • $4,750,000
      0.28 Acres

      Renovated Resort Near the Ocean

      12-unit renovated resort, short walk to the ocean.
      4553 Bougainvilla Dr, Fort Lauderdale, FL 33308
      View Details
    • $1,700,000
      0.34 Acres

      Fort Lauderdale Investment Property with Pool

      Six-unit investment property in high-demand area with pool and laundry.
      2011 NE 56Th St, Fort Lauderdale, FL 33308
      View Details
    • $1,325,000
      2,310 SF

      Fort Lauderdale Business & Building

      Prime Location, Established Business, High Returns
      3562 Ocean Blvd, Fort Lauderdale, FL 33308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,590 SF

      Galt Ocean Marketplace Retail Spaces

      Prime Fort Lauderdale Retail Opportunity
      3700 Ocean Blvd, Fort Lauderdale, FL 33308
      View Details
    • $8,000 /Mo

      Remodeled Duplex with Heated Pool

      Fully equipped, professionally managed duplex near Lauderdale Beach.
      4804-4806 NE 21St Ave, Fort Lauderdale, FL 33308
      View Details
    • $3,200 /Mo

      Beach Area Home For Rent

      Two-bedroom home near the beach with oversized garage.
      236 Neptune Ave, Fort Lauderdale, FL 33308
      View Details
    • $25 SF/Yr

      Renovated Medical Office Suite

      Modern medical office suite with flexible sublease options.
      5353 N Federal Hwy, Fort Lauderdale, FL 33308
      View Details
    • Contact for pricing
      5,600 SF

      Commercial Space For Lease

      Retail, office, restaurant, or showroom space available for lease.
      3099 E Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
    • $1,800 /Mo
      Pending

      Upgraded Office Space For Lease

      Move-in ready office space with modern amenities and private terrace.
      2669 E Commercial Blvd, Fort Lauderdale, FL 33308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6421 22Nd Ave
    Fort Lauderdale, FL 33308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.