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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Retail space
815 2nd Ave Fort Lauderdale, FL 33304-1934
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5341131
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
CONCRETE
Total area
4,316 SF
Lot
0.15 ac (6,375 SF)
Zoning code
NWRAC-MUNE
APN
49-42-34-06-2580
UPID
US18-5341131
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
-
MISO Japanese Tapas Restaurant
-
The NOW Massage Fort Lauderdale Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Bh3 Dj Sub LLC · 6 yrs held
Bh3 Dj Sub LLC
since 2020
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
NWRAC-MUNE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+43.3%
Commercial (general)
$3.4M
+40.2%
Neighborhood: shopping center
$3.3M
+33.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,440,000
Current use
AUTO REPAIR, GARAGE
$3,500,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,425,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,250,000
Change: +33% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,765,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,640,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$2,010,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10% · vs last sale $2.80M (May 12 2020)
Last sale anchor
$2.80M
May 12 2020
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
$566 / 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
$10,190
Tax year 2023
Assessed value
$449,150
Assessed 2023
Previous assessed
$449,150
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$70,130
Assessed improvement
$379,020
Land market value
$70,130
Improvement market value
$379,020
Total market value
$449,150
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
4,316 SF
Lot
0.15 ac (6,375 SF)
Zoning code
NWRAC-MUNE
APN
49-42-34-06-2580
UPID
US18-5341131
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWRAC-MUNE · Fort Lauderdale, FL
Zoning NWRAC-MUNE · permitted uses
NWRAC-MUNE · 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
RETAIL STORES Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bh3 Dj Sub LLC
Entity
Mailing address
819 NE 2ND AVE #500, FORT LAUDERDALE, FL 33304-1934
Ownership since
2020
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
May 12, 2020
$1,640,900
Bh3 Dj Sub LLC
Bh3 Dj Flagler LLC
Grant Deed
related
$5,100,000 · Maxim Credit Group LLC
Nov 30, 2017
$2,800,000
Bh3 Dj Flagler LLC
Holman Automotive INC
Trustees Deed
$6,240,000 · Florida Cmnty Bk NA
May 14, 2007
$2,250,000
Holman Automotive INC
Ferro,giovanni
Warranty Deed
—
Oct 20, 2006
—
Giovanni Ferro
Zeno,joseph R
Quit Claim Deed
related
—
Mar 11, 2004
$70,000
Giovanni Ferro
Zeno,joseph A
Quit Claim Deed
related
—
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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