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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Medical Office Space
8529 Pnes Blvd, Pembroke Pines, FL 33024-6611
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5331694
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
CONCRETE
Total area
6,561 SF
Lot
0.86 ac (37,287 SF)
Zoning code
(B-2)
APN
51-41-16-20-0013
UPID
US18-5331694
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
$2.11M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.11M
Owner & transaction history
Tenet Equity Funding Spe III LLC · 1 yrs held
Tenet Equity Funding Spe III LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
(B-2) · Pembroke Pines, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+50.0%
Commercial (general)
$3.1M
+32.6%
Industrial (general)
$3.0M
+30.9%
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 Pembroke Pines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pembroke Pines 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
$2,105,000
ML approach
$2,105,000
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,305,000
Current use
RETAIL STORES
$3,455,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,055,000
Change: +33% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,015,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,105,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.10M (Oct 3 2024)
Last sale anchor
$2.10M
Oct 3 2024
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
$321 / 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
$37,105
Tax year 2023
Assessed value
$1,737,780
Assessed 2023
Previous assessed
$1,737,780
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$522,020
Assessed improvement
$1,215,760
Land market value
$522,020
Improvement market value
$1,215,760
Total market value
$1,737,780
Applied tax rate
2,613.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
6,561 SF
Lot
0.86 ac (37,287 SF)
Zoning code
(B-2)
APN
51-41-16-20-0013
UPID
US18-5331694
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
(B-2) · Pembroke Pines, FL
Zoning (B-2) · permitted uses
(B-2) · Pembroke Pines, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pembroke Pines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE 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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Tenet Equity Funding Spe III LLC
Entity
Mailing address
7332 E BUTHERUS DR STE #100, SCOTTSDALE, AZ 85260-2426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 3, 2024
$2,103,600
Tenet Equity Funding Spe III LLC
Jmcg Pembroke Pines LLC
Special Warranty Deed
$450,000,000 · Citibank NA
Oct 3, 2024
—
Chen Dedicated Holdings LLC
Tenet Equity Funding Spe III LLC
Assignment Of Lease (leasehold Sale)
—
Feb 12, 2020
—
Jmcg Pembroke Pines LLC
—
Deed
related
$5,000,000 · Truist Bk
Sep 10, 2012
$1,075,000
Jmcg Pembroke Pines LLC
Prudent Holding LLC
Special Warranty Deed
$752,000 · Suntrust Bank
Aug 1, 2008
—
Prudent Holding LLC
Florida Ric-sand INC
Warranty Deed
—
—
—
Jmcg Pembroke Pines LLC
—
Loan Modification
related
$752,000 · Suntrust Bk
—
—
Jmcg Pembroke Pines LLC
—
Deed Of Trust
related
$5,000,000 · Truist Bk
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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