Entity Owned 
For Sale
1 / 13
$1,900,000
701 W Las Olas Blvd, Fort Lauderdale, FL 33312
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Property summary
AI-generated overview
This commercial property is located within walking distance of the Broward Center for the Performing Arts and the adjacent waterway, and it is also near Himmarshee Village. The building contains 1,367 square feet of commercial space. The property is configured for occupancy by existing tenants.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1944
Construction
CONCRETE
Total area
1,367 SF
Lot
0.21 ac (9,114 SF)
Zoning code
RAC-AS
APN
50-42-10-28-0381
UPID
US18-1179825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store
-
Artist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$410k
Owner & transaction history
since 2018
2 recorded transactions
Zoning & alternative use
RAC-AS · Fort Lauderdale, FL
Zoning description
- Planned Commerce Center PDD - Planned Development District PEDD - Port Everglades Development District PRD - Planned Resort Development District PUD - Planned Unit Development R-1-C - County R-2 - County R-4 - County R…
General category
CIVIC_INSTITUTIONAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$410k
Value range
$369k – $451k
±10% around blend
Estimated value / SF
$300 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$369k
blend $410k
$451k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,367 SF
Lot area
0.21 ac
Year built
1944
Stories
1
APN
50-42-10-28-0381
Zoning
RAC-AS
Assessed value
$412,930
Annual tax
$8,881
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$410k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 71 sales
$854
-65%
County 147 sales
$841
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $300/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$413k
Move the market yield to see immediate price impact.
Value / SF
$302
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$26k
$520k
$372k
$289k
$29k
$578k
$413k
$321k
$32k
$636k
$454k
$353k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,881
Tax year 2023
Assessed value
$412,930
Assessed 2023
Previous assessed
$412,930
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$136,710
Assessed improvement
$276,220
Land market value
$136,710
Improvement market value
$276,220
Total market value
$412,930
Applied tax rate
312.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1944
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
1,367 SF
Lot
0.21 ac (9,114 SF)
Zoning code
RAC-AS
APN
50-42-10-28-0381
UPID
US18-1179825
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-AS · Fort Lauderdale, FLZoning RAC-AS · permitted uses
RAC-AS · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
- Planned Commerce Center PDD - Planned Development District PEDD - Port Everglades Development District PRD - Planned Resort Development District PUD - Planned Unit Development R-1-C - County R-2 - County R-4 - County R…
General category
CIVIC_INSTITUTIONAL
Building & site characteristics
From public records
Year built
1944
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
RAC-AS
CIVIC_INSTITUTIONAL
Jurisdiction
Fort Lauderdale, FL
Recorded code
RAC-AS
Official district
RAC-AS
Official district profile
What the municipal code says about RAC-AS
Zoning description
- Planned Commerce Center PDD - Planned Development District PEDD - Port Everglades Development District PRD - Planned Resort Development District PUD - Planned Unit Development R-1-C - County R-2 - County R-4 - County R…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RAC-AS in Fort Lauderdale, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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