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Property profile & analytics
OFF-MARKET
Estimated value
$465,000
Sports & entertainment properties
651 117th Way Davie, FL 33325-3958
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-5975187
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2006
Lot
3.66 ac (159,437 SF)
Zoning code
A-1
APN
50-40-12-03-0011
UPID
US18-5975187
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
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$465k
Owner & transaction history
Rexmere Lake LLC · 13 yrs held
Rexmere Lake LLC
since 2013
2 recorded transactions
Zoning & alternative use
A-1 · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The A-1 District is intended to implement the agricultural and residential one (1) unit per acre classifications of the Town of Davie Comprehensive Plan and to maintain, protect and encourage the continuance of a productive agriculturalcommunityin Davie by ensuring that developments are buffered from existing agricultural uses
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
2,631.69 ac
Source
Realmo
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$465k
Range $419k – $512k · ±10%
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
—
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
$20,948
Tax year 2023
Assessed value
$952,120
Assessed 2023
Previous assessed
$952,120
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$876,900
Assessed improvement
$75,220
Land market value
$876,900
Improvement market value
$75,220
Total market value
$952,120
Applied tax rate
2,412.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Lot
3.66 ac (159,437 SF)
Zoning code
A-1
APN
50-40-12-03-0011
UPID
US18-5975187
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
A-1 · Davie, FLZoning A-1 · permitted uses
A-1 · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The A-1 District is intended to implement the agricultural and residential one (1) unit per acre classifications of the Town of Davie Comprehensive Plan and to maintain, protect and encourage the continuance of a productive agriculturalcommunityin Davie by ensuring that developments are buffered from existing agricultural uses
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
2,631.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Rexmere Lake LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11300 REXMERE BLVD, DAVIE, FL 33325-4016
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2018
—
Dale,james M Living Trust
—
Loan Modification
related
$42,000,000 · Miscellaneous Ins Co
Jan 16, 2013
—
Rexmere Lake LLC
Dale James M Living Trust
Quit Claim Deed
related
—
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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