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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Parking lots & garages
Davie Rd Davie, FL 33314
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-7469538
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1999
Total area
1,372 SF
Lot
0.91 ac (39,545 SF)
Zoning code
RAC-RTE
APN
50-41-37-01-1575
UPID
US18-7469538
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$590k
Owner & transaction history
Hess Realty LLC · 12 yrs held
Hess Realty LLC
since 2014
1 recorded transaction
Zoning & alternative use
RAC-RTE · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of thisdistrictto promoteregionallysignificant development that includes large-scale commercial development, and R&D that is complimentary to the educational and research institutions of the SFEC
Zone name
Regional Activity Center Davie Regional Research And High Tech District East
General category
COMMERCIAL
Zone area
525.99 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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$430 / 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
$13,575
Tax year 2023
Assessed value
$749,220
Assessed 2023
Previous assessed
$749,220
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$711,810
Assessed improvement
$37,410
Land market value
$711,810
Improvement market value
$37,410
Total market value
$749,220
Applied tax rate
2,412.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1999
Heating
NONE
Bathrooms
2
Total area
1,372 SF
Lot
0.91 ac (39,545 SF)
Zoning code
RAC-RTE
APN
50-41-37-01-1575
UPID
US18-7469538
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RAC-RTE · Davie, FLZoning RAC-RTE · permitted uses
RAC-RTE · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of thisdistrictto promoteregionallysignificant development that includes large-scale commercial development, and R&D that is complimentary to the educational and research institutions of the SFEC
Zone name
Regional Activity Center Davie Regional Research And High Tech District East
General category
COMMERCIAL
Zone area
525.99 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Bathrooms
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Hess Realty LLC
Entity
Free & Clear · 12 yrs held
Mailing address
539 S MAIN ST, FINDLAY, OH 45840-3229
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2014
$222,136
Hess Realty LLC
Specon IV LLC
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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