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Property profile & analytics
OFF-MARKET
Estimated value
$455,000
Retail residential properties
823-827 20th Ave Fort Lauderdale, FL 33304
Entity Owned
9-yr Hold
Property ID
US18-0460246
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1952
Construction
CONCRETE
Total area
3,268 SF
Lot
0.14 ac (6,005 SF)
Zoning code
RO
APN
50-42-01-21-0070
UPID
US18-0460246
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
$455k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$455k
Owner & transaction history
Gentle Waves Properties LLC · 9 yrs held
Gentle Waves Properties LLC
since 2016
3 recorded transactions
Zoning & alternative use
RO · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote a mix of residential and office uses that are compatible with residential neighborhoods, allowing professional and business offices along with certain residential and low-impact service uses
Zone name
Residential Office
General category
MIXED_USE
Zone area
76.55 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 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
$455,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$455k
Range $410k – $501k · ±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
$139 / 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
$13,798
Tax year 2023
Assessed value
$629,900
Assessed 2023
Previous assessed
$629,900
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$120,100
Assessed improvement
$509,800
Land market value
$120,100
Improvement market value
$509,800
Total market value
$629,900
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
1952
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
3,268 SF
Lot
0.14 ac (6,005 SF)
Zoning code
RO
APN
50-42-01-21-0070
UPID
US18-0460246
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RO · Fort Lauderdale, FLZoning RO · permitted uses
RO · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote a mix of residential and office uses that are compatible with residential neighborhoods, allowing professional and business offices along with certain residential and low-impact service uses
Zone name
Residential Office
General category
MIXED_USE
Zone area
76.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gentle Waves Properties LLC
Entity
Mailing address
4300 N OCEAN BLVD APT 4E, FORT LAUDERDALE, FL 33308-5906
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
$624,000
Gentle Waves Properties LLC
Lippy Investments LLC
Warranty Deed
$940,000 · Totalbank
Feb 23, 2004
$525,000
Lippy Investments LLC
Sick,jeffrey
Grant Deed
$420,000 · Gibraltar Bank Fsb
—
—
Lippy Investments LLC
—
Deed Of Trust
related
$246,000 · Bank Of America
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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