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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Investment properties
901 Progresso Dr Fort Lauderdale, FL 33304-1943
Entity Owned
21-yr Hold
Property ID
US18-0433187
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1935
Construction
CONCRETE
Total area
11,979 SF
Lot
0.31 ac (13,437 SF)
Zoning code
NWRAC-MUNE
APN
49-42-34-06-2280
UPID
US18-0433187
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
-
Sarah Glass Ceramics Training Center Vocational School
-
Patio Bar & Pizza Bar & Pub
-
Sidewalk Diner Restaurant
-
Pony Pony Salon Hair Salon
-
Obscura Hair Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$725k
Owner & transaction history
Urban North LLC · 21 yrs held
Urban North LLC
since 2005
7 recorded transactions
Zoning & alternative use
NWRAC-MUNE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
- General Industrial I-1 - County IOA - Intracoastal Overlook Area District M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District NWRAC-MUe - North West Regional Activity Center-Mixed Use east NWRAC-MUne - North West Regional Activity Center-Mixed Use northeast NWRAC-MUw - North West Regional Activity Center-Mixed Use west P - Park…
Zone name
North West Regional Activity Center Mixed Use Northeast
General category
MIXED_USE
Zone area
51.93 ac
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%
$3,065,000
6.5%
$2,830,000
7%
$2,625,000
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$61 / 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
$24,734
Tax year 2023
Assessed value
$1,297,040
Assessed 2023
Previous assessed
$1,298,570
-0.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$201,560
Assessed improvement
$1,095,480
Land market value
$201,560
Improvement market value
$1,095,480
Total market value
$1,297,040
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1935
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
11,979 SF
Lot
0.31 ac (13,437 SF)
Zoning code
NWRAC-MUNE
APN
49-42-34-06-2280
UPID
US18-0433187
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWRAC-MUNE · Fort Lauderdale, FLZoning 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
Zoning description
- General Industrial I-1 - County IOA - Intracoastal Overlook Area District M-3 - County MHP - Mobile Home Park NBRA - North Beach Residential Area District NWRAC-MUe - North West Regional Activity Center-Mixed Use east NWRAC-MUne - North West Regional Activity Center-Mixed Use northeast NWRAC-MUw - North West Regional Activity Center-Mixed Use west P - Parks Recreation and Open Space PCC - Planned Commerce Center PDD - Planned Development Distri
Zone name
North West Regional Activity Center Mixed Use Northeast
General category
MIXED_USE
Zone area
51.93 ac
Building & site characteristics
From public records
Year built
1935
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Urban North LLC
Entity
Mailing address
919 SE 6TH CT, FORT LAUDERDALE, FL 33301-3017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Dec 3, 2021
—
Urban North LLC
—
Deed
related
$1,600,000 · First Republic Bank
Jul 6, 2020
—
Urban North LLC
—
Deed
related
$225,000 · Fort Lauderdale Cmnty Redev Ag
Aug 22, 2017
—
Urban North LLC
—
Deed
related
$50,000 · Fort Lauderdale Cmnty Redev Ag
Apr 4, 2005
$1,500,000
Urban North LLC
Lbj Investments INC
Warranty Deed
$1,250,000 · Southtrust Bank
—
—
Urban North LLC
—
Deed Of Trust
related
$50,000 · Fort Lauderdale Cmnty Redev Ag
—
—
Lbj Investments INC
—
Deed Of Trust
related
$50,000 · Susan Taylor
—
—
Urban North LLC
—
Deed Of Trust
related
$225,000 · Fort Lauderdale Cmnty Redev Ag
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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