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

    6490 Griffin Rd Davie, FL 33314-4327

    • Office buildings
    • 6,103 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2022
    $1,915,000
    Value Estimations
    $1,965,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-3344144
    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 6490 Griffin Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    6,103 SF
    Zone code
    GRIFFIN CORRIDOR DISTRICT
    Property type
    Office buildings
    APN
    50-41-27-03-0281
    APU
    504127030281

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,895,000
      ML approach
      $2,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,681,000
      Market price range: $1.32M - $3.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,160,000
      INDUSTRIAL (GENERAL)
      $2,870,000
      MEDICAL BUILDING
      $2,845,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2329
    Latitude
    26.0647
    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
    $34,698
    $57,540
    $1,558,070
    $1,615,610
    -
    $57,540
    $1,558,070
    $1,615,610

    Comparable in this City

    • Value Estimation by Request
      480 SF

      7320 Griffin Rd Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 480 SF
      7320 Griffin Rd Ste, Davie, FL 33314-4105
      View Details
    • Value Estimation
      $3,955,000
      11,061 SF

      5450 Stirling Rd

      OFFICE BUILDING • 11,061 SF
      5450 Stirling Rd, Davie, FL 33314-7457
      View Details
    • Value Estimation by Request
      180 SF

      7320 Griffin Rd Ste, Unit 106

      OFFICE BUILDING (MULTI-STORY) • 180 SF
      7320 Griffin Rd Ste, Davie, FL 33314-4105
      View Details
    • Value Estimation by Request
      918 SF

      4110 64th Ave, Unit 201

      OFFICE BUILDING • 918 SF
      4110 64th Ave, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request
      894 SF

      4110 64th Ave, Unit 204

      OFFICE BUILDING • 894 SF
      4110 64th Ave, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request
      1,570 SF

      7320 Griffin Rd Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 1,570 SF
      7320 Griffin Rd Ste, Davie, FL 33314-4105
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Davies Flex Space For Sale

      5,850 SF flex space in the Davies industrial corridor.
      4131 SW 47Th Ave, Davie, FL 33314
      View Details
    • Contact for pricing

      Corner Office Space Available

      Professional office space in Davie, high-traffic area, convenient location.
      6115 Stirling Rd, Davie, FL 33314
      View Details
    • $1,250,000
      0.35 Acres

      Davie Corner Lot Investment Opportunity

      Corner lot in high-visibility area, ideal for diverse commercial uses.
      6404 SW 46Th St, Davie, FL 33314
      View Details
    • Contact for pricing

      Move-in Ready Davie Office Space

      Small, freshly painted office space in a convenient Davie location.
      7320 Griffin Rd, Fort Lauderdale, FL 33314
      View Details
    • $1,200,000
      12,000 SF

      Davie Office & Land Investment

      Prime Davie location, office/residential zoning.
      5221 Orange Dr, Davie, FL 33314
      View Details
    • $400,000

      Commercial Office Space on Griffin

      Office space with high visibility and traffic count.
      6848 Griffin Rd, Fort Lauderdale, FL 33314
      View Details

    Similar Nearby for Lease

    • $2,995 /Mo

      Renovated Office Space in Davie

      Move-in ready office space in a high-traffic Davie location.
      6958 Griffin Rd, Fort Lauderdale, FL 33314
      View Details
    • $0.65 SF/Yr
      12,000 SF

      Stirling Road Office Building

      Prime Dania Beach Office Space
      4485 Stirling Rd, Fort Lauderdale, FL 33314
      View Details
    • $17 SF/Yr

      Davie Warehouse Complex For Rent

      Warehouse complex with flex, industrial, and office spaces available.
      4980 SW 52Nd St, Davie, FL 33314
      View Details
    • $1,600 /Mo

      Davie Office Space For Rent

      First floor office space in prime Davie location for rent.
      6099 Stirling Rd, Davie, FL 33314
      View Details
    • $2,000 /Mo

      Davie Office Space For Rent

      Centrally located office space near Florida Turnpike and I-95.
      6570 Griffin Rd, Fort Lauderdale, FL 33314
      View Details
    • $1,450 /Mo
      43,560 SF

      Updated Office Space For Lease

      Updated professional office space with ample parking and natural sunlight.
      6115 Stirling Rd, Hollywood, FL 33314
      View Details
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    6490 Griffin Rd
    Davie, FL 33314-4327
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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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