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Property profile & analytics
FOR LEASE
Commercial land
6500 N Andrews Ave Fort Lauderdale, FL 33309
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4385291
For Lease
$8,580,000
6500 N Andrews Ave, Fort Lauderdale, FL 33309
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1980
Construction
CONCRETE
Total area
36,873 SF
Lot
2.51 ac (109,325 SF)
Zoning code
UUV-NE
APN
49-42-10-13-0081
UPID
US18-4385291
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
Current use
Occupant on record · Public records
-
Treo Apartments Apartment Complex
-
Keith and Schnars, P.A. - Corporate Headquarters Surveyor
-
KCI Technologies Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.68M
CAP Approach
CAP
$8.71M
Comparable Approach
Comparable
$11.13M
Blend (final)
Blend
$8.58M
Owner & transaction history
Fairfield Cypress LP · 5 yrs held
Fairfield Cypress LP
since 2021
Last sale
$6.3M
3 recorded transactions
Zoning & alternative use
UUV-NE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-South Andrews west T - Transportation T-1 - County U - Utility UUV-NE - Uptown Urban Village Northeast District UUV-NW - Uptown Urban Village Northwest District UUV-SE - Uptown Urban Village Southeast Dis…
Zone name
Uptown Urban Village Northeast District
General category
MIXED_USE
Zone area
67.41 ac
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$9,355,000
ML approach
$9,680,000
CAP Approach
CAP Return
Estimation
6%
$9,430,000
6.5%
$8,705,000
7%
$8,085,000
Blend value · Realmo final
$8.58M
Range $7.72M – $9.44M · ±10% · vs last sale $6.31M (Feb 23 2021)
Last sale anchor
$6.31M
Feb 23 2021
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
$233 / 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
$56,637
Tax year 2023
Assessed value
$2,733,130
Assessed 2023
Previous assessed
$2,405,150
+13.6% YoY
Effective rate
2.07%
On assessed value
Assessed land
$2,733,130
Land market value
$2,733,130
Total market value
$2,733,130
Applied tax rate
312.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
36,873 SF
Lot
2.51 ac (109,325 SF)
Zoning code
UUV-NE
APN
49-42-10-13-0081
UPID
US18-4385291
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UUV-NE · Fort Lauderdale, FLZoning UUV-NE · permitted uses
UUV-NE · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-South Andrews west T - Transportation T-1 - County U - Utility UUV-NE - Uptown Urban Village Northeast District UUV-NW - Uptown Urban Village Northwest District UUV-SE - Uptown Urban Village Southeast District X-B-OR - Exclusive Use Business with Optional Residential X-G-R - Exclusive Use
Zone name
Uptown Urban Village Northeast District
General category
MIXED_USE
Zone area
67.41 ac
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Fairfield Cypress LP
Entity
Mailing address
5355 MIRA SORRENTO PL STE #100, SAN DIEGO, CA 92121-3812
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
$6,305,000
Fairfield Cypress LP
6500 4r3g LLC
Special Warranty Deed
—
Feb 14, 2019
—
6500 4r3g LLC
—
Grant Deed
related
$3,111,250 · American Nat'l Bk
Jun 6, 2017
$2,133,400
6500 4r3g LLC
Keith & Schnars Pa
Trustees Deed
$3,000,000 · Mcreif Subreit LLC
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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