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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Drug stores
700 Broward Blvd Fort Lauderdale, FL 33312-1748
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0969008
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Construction
CONCRETE
Total area
14,461 SF
Lot
1.32 ac (57,592 SF)
Zoning code
RAC-WMU
APN
50-42-10-27-0010
UPID
US18-0969008
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
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Walgreens Pharmacy Pharmacy
-
April Simmons, PharmD Pharmacy
-
Rosemary T. Marchal, Pharm Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$3.74M
Owner & transaction history
Gale Wins LLC · 8 yrs held
Gale Wins LLC
since 2018
5 recorded transactions
Zoning & alternative use
RAC-WMU · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,895,000
Current use
WAREHOUSE, STORAGE
$5,740,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±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
$259 / 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
$80,159
Tax year 2023
Assessed value
$3,869,140
Assessed 2023
Previous assessed
$3,720,630
+4.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,727,760
Assessed improvement
$2,141,380
Land market value
$1,727,760
Improvement market value
$2,141,380
Total market value
$3,869,140
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
14,461 SF
Lot
1.32 ac (57,592 SF)
Zoning code
RAC-WMU
APN
50-42-10-27-0010
UPID
US18-0969008
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-WMU · Fort Lauderdale, FL
Zoning RAC-WMU · permitted uses
RAC-WMU · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.7M
RETAIL STORES Current
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Gale Wins LLC
Entity
Mailing address
881 NW 115TH AVE, PLANTATION, FL 33325-1517
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2018
—
Gale Wins LLC
Gayle,luther & Edna
Grant Deed
related
$4,600,000 · Branch Bk&tr
Nov 20, 2017
—
Gale Wins LLC
Gayle Family Trust
Quit Claim Deed
related
—
Dec 20, 1997
$410,200
Br & 7 Ltd
Zackowitz,martin
Grant Deed
$2,600,000 · Southtrust Bank NA
—
—
Gale Wins LLC
—
Deed Of Trust
related
$4,600,000 · Branch Bk&tr
—
—
Gayle Family Trust
—
Deed Of Trust
related
$2,700,000 · Terrabank
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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