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Property profile & analytics
OFF-MARKET
Estimated value
$410,000
Retail residential properties
716 3rd Ave Fort Lauderdale, FL 33304-2682
Entity Owned
Property ID
US18-9453041
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2006
Construction
CONCRETE
Total area
2,842 SF
Lot
0.02 ac (970 SF)
Zoning code
RAC-UV
APN
50-42-03-30-0560
UPID
US18-9453041
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
-
Downtown Fort Lauderdale Realtor - Antonio Srado Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$410k
Owner & transaction history
Patent Infringement LLC
Patent Infringement LLC
since 2025
5 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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Blend value · Realmo final
$410k
Range $369k – $451k · ±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
$144 / 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
$11,625
Tax year 2023
Assessed value
$566,030
Assessed 2023
Previous assessed
$566,030
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$33,950
Assessed improvement
$532,080
Land market value
$33,950
Improvement market value
$532,080
Total market value
$566,030
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
4
Bathrooms
4
Total area
2,842 SF
Lot
0.02 ac (970 SF)
Zoning code
RAC-UV
APN
50-42-03-30-0560
UPID
US18-9453041
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
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
4
Bathrooms
4
Lot
0.02 ac
Current owner
From public records · entity-resolved
Patent Infringement LLC
Entity
Mailing address
401 STATE ST UNIT M502, PORTSMOUTH, NH 03801-4046
Ownership since
2025
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
Dec 9, 2025
—
Patent Infringement LLC
The Sandr Aj Lorusso 2023 Rev Trust
Warranty Deed
—
May 1, 2024
—
Sandra J Lorusso
Sandra J Lorusso
Intrafamily Transfer
related
—
Mar 28, 2008
$540,000
Sandra J Lorusso
Lorusso,peter A
Warranty Deed
related
—
Nov 15, 2007
$530,800
Record Owner
Owner,record
Grant Deed
related
—
—
—
Sandra J Lorruso
—
Deed Of Trust
related
$378,000 · Greystone Financial Group
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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