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

    716 3rd Ave Fort Lauderdale, FL 33304-2682

    • Retail residential properties
    • 2,842 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2024
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9453041
    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

    • Downtown Fort Lauderdale Realtor - Antonio Srado / Marketing Consultant / Real Estate Agents

    Property Details for 716 3rd Ave

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.02 lot acres
    Property size
    2,842 SF
    Zone code
    RAC-UV
    Property type
    Retail residential properties
    APN
    50-42-03-30-0560
    APU
    504203300560

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $711,000
      Market price range: $273k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1407
    Latitude
    26.1322
    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
    $11,625
    $33,950
    $532,080
    $566,030
    -
    $33,950
    $532,080
    $566,030

    Comparable in this City

    • Value Estimation
      $730,000
      3,307 SF

      1212-1214 8th Ave

      STORES & APARTMENTS • 3,307 SF
      1212-1214 8th Ave, Fort Lauderdale, FL 33304
      View Details
    • Value Estimation
      $990,000
      2,842 SF

      706 3rd Ave

      STORES & APARTMENTS • 2,842 SF
      706 3rd Ave, Fort Lauderdale, FL 33304-2682
      View Details
    • Value Estimation
      $2,680,000
      3,326 SF

      3120 Sunrise Blvd

      STORES & APARTMENTS • 3,326 SF
      3120 Sunrise Blvd, Fort Lauderdale, FL 33304-3314
      View Details
    • Value Estimation
      $515,000
      2,590 SF

      821 Federal Hwy

      STORES & APARTMENTS • 2,590 SF
      821 Federal Hwy, Fort Lauderdale, FL 33304-2704
      View Details
    • Value Estimation
      $795,000
      2,842 SF

      704 3rd Ave

      STORES & APARTMENTS • 2,842 SF
      704 3rd Ave, Fort Lauderdale, FL 33304-2682
      View Details
    • Value Estimation
      $615,000
      3,113 SF

      736-738 3rd Ave

      STORES & APARTMENTS • 3,113 SF
      736-738 3rd Ave, Fort Lauderdale, FL 33304
      View Details

    Similar Nearby for Sale

    • $3,400,000

      Studio City Mixed-Use Property

      Mixed-use property in prime location, ideal for investors/owner-users.
      533 Ne 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $3,400,000

      Mixed-Use Property in Studio City

      Mixed-use property in Fort Lauderdale, ideal for investors or owner-users.
      533 NE 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $2,400,000

      Oceanfront Property with Development Potential

      Three-story mixed-use property with ocean views and development potential.
      901 Sunrise Ln, Fort Lauderdale, FL 33304
      View Details
    • $423,040
      1,322 SF

      Prime Fort Lauderdale Executive Office

      Turn-key office condo, 1322 sq ft
      2455 Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • $789,500
      1,359 SF

      Fort Lauderdale Duplex Investment

      Prime Location, Fully Renovated, 2 Units
      1236 16Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $1,424,999
      3,754 SF

      Fort Lauderdale Multifamily Investment

      Five-Unit Building, Prime Location
      1106 5Th Ave, Fort Lauderdale, FL 33304
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr

      Fort Lauderdale Mixed-Use Building

      Mixed-use building with private parking in a high-traffic area.
      1512 NE 4Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $39 SF/Yr
      10,000 SF

      Fort Lauderdale Retail Space Available

      Prime Retail Space, 1,163-2,326 SF
      1101 Federal Hwy, Fort Lauderdale, FL 33304
      View Details
    • $30 SF/Yr
      18,251 SF

      Flagler Village Office Building

      Fort Lauderdale Office Space Available
      707 3Rd Ave, Fort Lauderdale, FL 33304
      View Details
    • $30 SF/Yr
      3,883 SF

      Fort Lauderdale Retail Space

      Prime Fort Lauderdale retail, multiple units available.
      850 13Th St, Fort Lauderdale, FL 33304
      View Details
    • $65 SF/Yr
      24,807 SF

      Galleria Plaza Office Space

      Fort Lauderdale office space, high visibility.
      2541 Sunrise Blvd, Fort Lauderdale, FL 33304
      View Details
    • Contact for pricing
      3,000 SF

      Fort Lauderdale Warehouse Space

      3,000 SF warehouse space available for rent.
      1110 NE 8Th Ave, Fort Lauderdale, FL 33304
      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.
    716 3rd Ave
    Fort Lauderdale, FL 33304-2682
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.