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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Retail space
900-964 62nd St Oakland Park, FL 33334
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-3615041
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE
Total area
43,409 SF
Lot
3.13 ac (136,321 SF)
Zoning code
B-2
APN
49-42-11-26-0010
UPID
US18-3615041
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.86M
Owner & transaction history
Ramos-mejia INC · 12 yrs held
Ramos-mejia INC
since 2014
7 recorded transactions
Zoning & alternative use
B-2 · Oakland Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2 General Business District is intended to apply to certain arterial streets where business establishments may be located to serve large sections of the city and adjacent areas. Such businesses need a conspicuous and accessible location convenient for motorists. Uses are particularly oriented toward meeting the full service needs of city residents, inc…
Zone name
General Business
General category
COMMERCIAL
Zone area
179.37 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 Oakland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$181 / 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
$154,829
Tax year 2023
Assessed value
$6,497,630
Assessed 2023
Previous assessed
$5,983,240
+8.6% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,635,850
Assessed improvement
$4,861,780
Land market value
$1,635,850
Improvement market value
$4,861,780
Total market value
$6,497,630
Applied tax rate
1,712.0000
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
43,409 SF
Lot
3.13 ac (136,321 SF)
Zoning code
B-2
APN
49-42-11-26-0010
UPID
US18-3615041
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Oakland Park, FLZoning B-2 · permitted uses
B-2 · Oakland Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2 General Business District is intended to apply to certain arterial streets where business establishments may be located to serve large sections of the city and adjacent areas. Such businesses need a conspicuous and accessible location convenient for motorists. Uses are particularly oriented toward meeting the full service needs of city residents, including repair of small articles, but not of a heavy commercial nature.
Zone name
General Business
General category
COMMERCIAL
Zone area
179.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Ramos-mejia INC
Entity
Free & Clear · 12 yrs held
Mailing address
944 NE 62ND ST, OAKLAND PARK, FL 33334-4110
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2017
—
Ramos Mejia INC
—
Deed
related
$1,200,000 · Seacoast Nat'l Bk
Sep 5, 2017
—
Ramos Mejia INC
—
Deed
related
$1,200,000 · Seacoast Nat'l Bk
Apr 18, 2014
—
Ramos-mejia INC
Ramos Mehia Nv
Quit Claim Deed
—
Jun 21, 2010
—
Ramos-mejia INC
—
Trustees Deed
related
$200,000 · First United Bank
Dec 27, 2002
—
Ramos Mejia INC
Ramos-mejia INC
Quit Claim Deed
related
—
—
—
Ramos Mejia INC
—
Deed Of Trust
related
$1,200,000 · Seacoast Nat'l Bk
—
—
Ramos Mejia INC
—
Loan Modification
related
$1,200,000 · Seacoast Nat'l Bk
—
—
Ramos Mejia INC
—
Loan Modification
related
$1,200,000 · Seacoast Nat'l Bk
—
—
Ramos Mejia INC
—
Deed Of Trust
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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