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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Sunrise Blvd Fort Lauderdale, FL 33311-7238

    • Outlet malls
    • 13,816 SF
    • 2.03 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2025
    Value Estimations
    $3,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4311118
    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

    • Holman VinFast Fort Lauderdale / Car Dealership
    • Service Center at Holman VinFast Fort Lauderdale / Auto Repair Shop
    • Tesla Collision Fort Lauderdale / Auto Repair Shop
    • RCTrucks Shop / (Bike/Boat/Book/etc) Store
    • Classic Soft Trim / Auto Repair Shop

    Property Details for 700 Sunrise Blvd

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    2.03 lot acres
    Property size
    13,816 SF
    Zone code
    B-3
    Property type
    Outlet malls
    APN
    49-42-34-05-4091
    APU
    494234054091

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,100,000
      6.5%
      $3,785,000
      7%
      $3,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,112,000
      Market price range: $1.64M - $5.11M
      AI Estimate
      $2,732,000
      Market price range: $830k - $2.73M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,470,000
      Current use
      MEDICAL BUILDING
      $6,440,000
      Change: +85% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,700,000
      Change: +7% Conversion: Easy
      OFFICE BUILDING
      $3,445,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1513
    Latitude
    26.1355
    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
    $176,968
    $1,772,040
    $6,965,510
    $8,737,550
    -
    $1,772,040
    $6,965,510
    $8,737,550

    Comparable in this City

    • Value Estimation
      $11,925,000
      23,518 SF

      50 Oakland Park Blvd, Unit 100

      SHOPPING CENTER, STRIP CENTER • 23,518 SF
      50 Oakland Park Blvd, Wilton Manors, FL 33311-2520
      View Details
    • Value Estimation
      $21,120,000
      81,968 SF

      1923-1955 9th Ave

      SHOPPING CENTER, STRIP CENTER • 81,968 SF
      1923-1955 9th Ave, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation by Request
      78,606 SF

      1909 9Th Ave

      Neighborhood centers • 78,606 SF
      1909 9Th Ave, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation
      $13,780,000
      41,815 SF

      1001-1035 9th Ave

      MINI-MALL • 41,815 SF
      1001-1035 9th Ave, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation by Request
      5,250 SF

      1814-1896 38Th Ave

      Flex space • 5,250 SF
      1814-1896 38Th Ave, Lauderhill, FL 33311
      View Details
    • Value Estimation by Request
      0.06 Acres

      544 19th Ave

      PARKING LOT • 0.06 Acres
      544 19th Ave, Fort Lauderdale, FL 33311-8744
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Center on Oakland Park

      Retail spaces available in a high-traffic location.
      515 W Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details
    • $1,200,000

      Fort Lauderdale Commercial Property For Sale

      2,700 SF commercial property in high-traffic Fort Lauderdale location.
      1026 NW 9Th Ave, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing
      144,016 SF

      Fort Lauderdale Retail/Industrial/Showroom Space

      Variety of spaces available in busy shopping/commerce center.
      3849-3999 NW 19Th St, Fort Lauderdale, FL 33311
      View Details
    • $5,959,000

      Oakland Park Retail Center For Sale

      Neighborhood retail center in Broward County, Florida, fully occupied.
      2450 W Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details
    • $8,450,000
      2.64 Acres

      Lauderhill Pointe Shopping Center

      High-Yield Retail Investment, Broward County
      3908 19Th Ct, Lauderhill, FL 33311
      View Details
    • Contact for pricing

      Oakland Park Retail Space Available

      1,334 SF retail space with frontage on Oakland Park Blvd.
      2302 W Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      Pending

      Oakland Park Retail Space Available

      Retail space available in high-traffic Oakland Park location.
      563 W Oakland Park Blvd, Oakland Park, FL 33311
      View Details
    • Contact for pricing
      9,075 SF

      NATIIVO: Fort Lauderdale Restaurant Space

      Prime Restaurant Space, Multiple Tenancies Available
      200 Broward Blvd, Fort Lauderdale, FL 33311
      View Details
    • $19 SF/Yr
      27,228 SF

      Lauderhill Executive Office Suites

      Prime Lauderhill office space, flexible layouts.
      3685-3698 16Th St, Lauderhill, FL 33311
      View Details
    • $23 SF/Yr
      27,308 SF

      Oakland Park Retail/Medical Space

      Prime location with high visibility on Oakland Park Boulevard.
      1605 W Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details
    • $2,700 /Mo

      Oakland Park Showroom-Warehouse For Rent

      Showroom-warehouse for rent in central location minutes from I-95.
      2325 NW 30Th St, Oakland Park, FL 33311
      View Details
    • $110 SF/Yr
      10,000 SF

      Downtown Fort Lauderdale Auto Lot

      10,000 SF Auto Sales Lot - High Traffic
      790 1St St, Fort Lauderdale, FL 33311
      View Details
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    700 Sunrise Blvd
    Fort Lauderdale, FL 33311-7238
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    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
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