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

    6575 Nova Dr Davie, FL 33317-7423

    • Refrigerated & Cold Storages
    • 6,497 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1250718
    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

    • Refrigerated & Cold Storages

    Property Details for 6575 Nova Dr

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    1.70 lot acres
    Property size
    6,497 SF
    Zone code
    RAC-RTW
    Property type
    Refrigerated & Cold Storages
    APN
    50-41-23-01-0050
    APU
    504123010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,660,000
      7%
      $1,540,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,260,000
      Current use
      OFFICE BUILDING
      $2,710,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2353
    Latitude
    26.0883
    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
    $50,316
    $593,580
    $1,558,740
    $2,152,320
    -
    $593,580
    $1,558,740
    $2,152,320

    Comparable in this City

    • Value Estimation
      $1,940,000
      17,845 SF

      6800 21st Ct

      WAREHOUSE, STORAGE • 17,845 SF
      6800 21st Ct, Davie, FL 33317-7199
      View Details
    • Value Estimation
      $5,195,000
      50,128 SF

      6550 State Rd 84

      MINI-WAREHOUSE, STORAGE • 50,128 SF
      6550 State Rd 84, Davie, FL 33317-7305
      View Details
    • Value Estimation
      $2,595,000
      25,126 SF

      2320 College Ave

      MINI-WAREHOUSE, STORAGE • 25,126 SF
      2320 College Ave, Davie, FL 33317-7190
      View Details
    • Value Estimation
      $4,365,000
      31,159 SF

      4350 8th Ct

      WAREHOUSE, STORAGE • 31,159 SF
      4350 8th Ct, Plantation, FL 33317-1500
      View Details
    • Value Estimation
      $5,750,000
      934 SF

      2390 66th Ter

      STORAGE YARD, OPEN STORAGE • 934 SF
      2390 66th Ter, Davie, FL 33317-7135
      View Details
    • Value Estimation
      $4,025,000
      4,242 SF

      7060 22nd Ct

      WAREHOUSE, STORAGE • 4,242 SF
      7060 22nd Ct, Davie, FL 33317-7140
      View Details

    Similar Nearby for Sale

    • $4,850,000
      10,886 SF

      Davie Warehouse/Distribution Investment Opportunity

      10,886 SF Davie building suitable for industrial, warehouse, or distribution.
      7051 SW 21St Pl, Davie, FL 33317
      View Details
    • Contact for pricing
      150,452 SF

      Distribution Warehouse End Cap Available

      13,160 SF end cap near major transportation hubs.
      7050 West State Road 84, Fort Lauderdale, FL 33317
      View Details
    • $4,300,000
      1.13 Acres

      Plantation Auto Repair Business & Real Estate

      High-Visibility Auto Shop, Great Redevelopment Potential
      123 Main St, Plantation, FL 33317
      View Details
    • $2,400,000

      Versatile B-HC Zoned Property

      Dynamic space for office and commercial operations.
      4066 W Broward Blvd, Fort Lauderdale, FL 33317
      View Details
    • $950,000

      HVAC Business Opportunity in Davie

      Profitable HVAC business with government contracts and recurring revenue.
      Davie, FL 33317
      View Details
    • $5,800,000
      36,354 SF

      Plantation Medical Office Complex

      Two buildings, 36,354 SF, prime location.
      Plantation, FL 33317
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      99,460 SF

      2501 Davie Road Ext

      Distribution properties • 99,460 SF
      2501 Davie Road Ext, Davie, FL 33317
      View Details
    • Contact for pricing
      30,925 SF

      Warehouse/Flex/Showroom Space For Rent

      Prime warehouse/flex/showroom space with convenient highway access.
      2501 Davie Road Ext, Davie, FL 33317
      View Details
    • $18 SF/Yr
      62,581 SF

      University Park Commerce Center

      Davie, FL Industrial Space Available
      6545 Nova Dr, Davie, FL 33317
      View Details
    • $18 SF/Yr
      19,123 SF

      Plantation Office Building for Lease

      Prime Plantation Office Space Available
      4121 5Th Mnr, Plantation, FL 33317
      View Details
    • $27 SF/Yr

      Spacious Medical/Office Space For Rent

      Professionally designed medical/office space in the heart of Plantation.
      150 NW 70Th Ter, Plantation, FL 33317
      View Details
    • $0.66 SF/Yr
      19,123 SF

      Plantation Office Space For Lease

      700 SF Office, Prime Plantation Location
      4121 5Th Mnr, Plantation, FL 33317
      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.
    6575 Nova Dr
    Davie, FL 33317-7423
    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.