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Property profile & analytics
OFF-MARKET
Estimated value
$3,425,000
Commercial land
699 Federal Hwy Fort Lauderdale, FL 33304-4997
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0205466
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1973
Construction
CONCRETE
Total area
7,975 SF
Lot
0.88 ac (38,425 SF)
Zoning code
RAC-UV
APN
49-42-34-07-4820
UPID
US18-0205466
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
-
North Italia Restaurant
-
Hudson Capital Group Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.43M
Owner & transaction history
Zhixiong Lian · 1 yrs held
Zhixiong Lian
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
RAC-UV · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
stricts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/…
Zone name
Regional Activity Center Urban Village Districts
General category
CIVIC_INSTITUTIONAL
Zone area
126.57 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
$4,005,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,110,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.43M
Range $3.08M – $3.77M · ±10% · vs last sale $2.55M (Jan 24 2020)
Last sale anchor
$2.55M
Jan 24 2020
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
$429 / 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
$76,529
Tax year 2023
Assessed value
$4,803,130
Assessed 2023
Previous assessed
$3,458,250
+38.9% YoY
Effective rate
1.59%
On assessed value
Assessed land
$4,803,130
Land market value
$4,803,130
Total market value
$4,803,130
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
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
7,975 SF
Lot
0.88 ac (38,425 SF)
Zoning code
RAC-UV
APN
49-42-34-07-4820
UPID
US18-0205466
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-UV · Fort Lauderdale, FLZoning RAC-UV · permitted uses
RAC-UV · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
stricts RAC-CC - City Center District RAC-EMU - Regional Activity Center - East Mixed Use District RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/Medium Density RCS-15 - Residential Single Family / Medium Density RD-10 - County RD-1
Zone name
Regional Activity Center Urban Village Districts
General category
CIVIC_INSTITUTIONAL
Zone area
126.57 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$5.1M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Zhixiong Lian
Individual
Mailing address
699 N FEDERAL HWY STE #200, FORT LAUDERDALE, FL 33304-4998
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Flagler Sixth LLC
—
Deed
related
$12,550,000 · Bank Of America NA
Oct 23, 2024
$460,000
Zhixiong Lian
Joseph C Pein
Warranty Deed
$322,000 · New Wave Lending Group INC
Jun 20, 2023
—
Flagler Sixth LLC
—
Deed
related
$2,550,000 · Bank Of America NA
Jul 26, 2021
—
Flagler Sixth LLC
—
Deed
related
$10,000,000 · Bank Of America NA
Jan 24, 2020
$2,550,000
Flagler Sixth LLC
623 N Federal Highway LLC
Warranty Deed
$2,422,500 · 623 N Federal Highway LLC
Nov 4, 2015
$1,500,000
623 N Federal Highway LLC
Raleigh Federal Property LLC
Warranty Deed
$1,200,000 · Raleigh Federal Property LLC
Feb 28, 2008
—
Raleigh Federal Property LLC
Raleigh,jack & Joan
Quit Claim Deed
—
Jun 7, 2007
$125,000
Jack Raleigh
Parker,almajean
Warranty Deed
—
Apr 11, 2007
—
Record Owner
Owner,record
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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