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Property profile & analytics
OFF-MARKET
Estimated value
$7,750,000
Commercial land
818-824 4th Ave Fort Lauderdale, FL 33304
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1221355
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1957
Construction
CONCRETE
Total area
6,542 SF
Lot
1.34 ac (58,500 SF)
Zoning code
RAC-UV
APN
49-42-34-36-0020
UPID
US18-1221355
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
$9.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.57M
Blend (final)
Blend
$7.75M
Owner & transaction history
Flagler Property Owner LP · 4 yrs held
Flagler Property Owner LP
since 2021
Last sale
$6.9M
2 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
Top alternative use upside
Restaurant
$5.6M
+7.7%
Auto repair, garage
$5.3M
+2.2%
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
$9,475,000
ML approach
$9,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,190,000
Current use
RESTAURANT
$5,585,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,300,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,925,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.75M
Range $6.98M – $8.53M · ±10% · vs last sale $6.90M (Dec 17 2021)
Last sale anchor
$6.90M
Dec 17 2021
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
$1,185 / 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
$61,290
Tax year 2023
Assessed value
$7,312,500
Assessed 2023
Previous assessed
$1,345,800
+443.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$7,312,500
Land market value
$7,312,500
Total market value
$7,312,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
6,542 SF
Lot
1.34 ac (58,500 SF)
Zoning code
RAC-UV
APN
49-42-34-36-0020
UPID
US18-1221355
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1957
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Flagler Property Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
1420 SPG HL RD STE #420, MCLEAN, VA 22102-3028
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$6,900,000
Flagler Property Owner LP
Searstown Warehouse LLC
Special Warranty Deed
—
Apr 12, 2011
—
Searstown Warehouse LLC
Scott Mary L Trust
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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