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Property profile & analytics
OFF-MARKET
Estimated value
$17,665,000
Warehouses
812 1st St Fort Lauderdale, FL 33311-9004
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-1138027
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
116,215 SF
Lot
1.15 ac (50,250 SF)
Zoning code
B-3
APN
50-42-10-20-0240
UPID
US18-1138027
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.18M
Comparable Approach
Comparable
$20.57M
Blend (final)
Blend
$17.67M
Owner & transaction history
Miami City Self Storage 1st St · 10 yrs held
Miami City Self Storage 1st St
since 2015
7 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$29.2M
+8.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,940,000
6.5%
$21,175,000
7%
$19,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,975,000
Current use
RETAIL STORES
$29,205,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$17.67M
Range $15.90M – $19.43M · ±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
$152 / 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
$287,854
Tax year 2023
Assessed value
$12,260,490
Assessed 2023
Previous assessed
$11,506,250
+6.6% YoY
Effective rate
2.35%
On assessed value
Assessed land
$1,005,000
Assessed improvement
$11,255,490
Land market value
$1,005,000
Improvement market value
$11,255,490
Total market value
$12,260,490
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
5
Total area
116,215 SF
Lot
1.15 ac (50,250 SF)
Zoning code
B-3
APN
50-42-10-20-0240
UPID
US18-1138027
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Zoning B-3 · permitted uses
B-3 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$27.0M
RETAIL STORES
Est. value
$29.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.15 ac
Current owner
From public records · entity-resolved
Miami City Self Storage 1st St
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Nsp III Ft Lauderdale Dst
—
Deed
related
$92,000,000 · The Guardian Life Insurance Co
Sep 25, 2015
$3,200,000
Miami City Self Storage 1st St
Agp Partners LLC
Trustees Deed
related
$11,760,000 · Private Individual
Feb 25, 2015
$926,500
Agp Partners LLC
Damerau,david F Coc
Trustees Deed
—
Jul 6, 2011
—
Nationstorage Reiti INC
—
Trustees Deed
related
$50,000 · Gaddis Capital Corp
—
—
Nationstorage Reit I INC
—
Loan Modification, Consolidation And Extension
related
$342,107 · Stonegate Bk
—
—
Nationstorage Reit I INC
—
Deed Of Trust
related
$350,000 · Stonegate Bank
—
—
Nationstorage Reit I INC
—
Deed Of Trust
related
$342,107 · Stonegate Bank
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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