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Property profile & analytics
OFF-MARKET
Estimated value
$14,120,000
Retail space
7505 State Rd 7th 7679 Parkland, FL 33073-3506
Entity Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2483393
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
86,896 SF
Lot
13.07 ac (569,428 SF)
Zoning code
B-2
APN
47-41-36-05-0010
UPID
US18-2483393
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.12M
Owner & transaction history
Lantana Farm Consultants INC · 29 yrs held
Lantana Farm Consultants INC
since 1997
6 recorded transactions
Zoning & alternative use
B-2 · Parkland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and personal service needs of several neighborhoods or a substantial territory. B-2 districts may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business District
General category
COMMERCIAL
Zone area
27.53 ac
Source
Realmo
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 Parkland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parkland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$162 / 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
$387,372
Tax year 2023
Assessed value
$18,163,440
Assessed 2023
Previous assessed
$16,904,320
+7.4% YoY
Effective rate
2.13%
On assessed value
Assessed land
$3,986,620
Assessed improvement
$14,176,820
Land market value
$3,986,620
Improvement market value
$14,176,820
Total market value
$18,163,440
Applied tax rate
3,012.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
86,896 SF
Lot
13.07 ac (569,428 SF)
Zoning code
B-2
APN
47-41-36-05-0010
UPID
US18-2483393
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Parkland, FLZoning B-2 · permitted uses
B-2 · Parkland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and personal service needs of several neighborhoods or a substantial territory. B-2 districts may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business District
General category
COMMERCIAL
Zone area
27.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
13.07 ac
Current owner
From public records · entity-resolved
Lantana Farm Consultants INC
Entity
Free & Clear · 29 yrs held
Mailing address
657 E MAIN ST, MOUNT KISCO, NY 10549-3423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
—
Brem Parkland LP
—
Deed
related
$6,500,000 · First Horizon Bank
May 28, 2019
—
Parkland LP
—
Loan Modification
related
$8,480,000 · City Nat'l Bk/fl
Jul 6, 2017
—
Brem Parkland LP
—
Deed
related
$6,500,000 · Banco Do Brasil Americas
May 15, 1997
$1,527,000
Lantana Farm Consultants INC
Mecca Farms INC
Grant Deed
—
—
—
Simon Lc
—
Deed Of Trust
related
$3,815 · Wachovia Bank NA
—
—
Brem Parkland LP
—
Deed Of Trust
related
$6,500,000 · Banco Do Brasil Americas
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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