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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Parking lots & garages
Ocean Dr Lauderdale By The Sea, FL 33308
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-7621679
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1998
Lot
0.26 ac (11,502 SF)
Zoning code
RM-25
APN
49-43-18-01-1052
UPID
US18-7621679
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
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Elmar Beach Parking LLC · 3 yrs held
Elmar Beach Parking LLC
since 2023
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residence Apartments Hotels Multiple Dwellings
General category
RESIDENTIAL
Zone area
202.39 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 Lauderdale By The Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale By The Sea 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
$525,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Feb 13 2023)
Last sale anchor
$500k
Feb 13 2023
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
—
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
$11,817
Tax year 2023
Assessed value
$760,600
Assessed 2023
Previous assessed
$268,550
+183.2% YoY
Effective rate
1.55%
On assessed value
Assessed land
$747,630
Assessed improvement
$12,970
Land market value
$747,630
Improvement market value
$12,970
Total market value
$760,600
Applied tax rate
211.0000
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
1998
Heating
NONE
Lot
0.26 ac (11,502 SF)
Zoning code
RM-25
APN
49-43-18-01-1052
UPID
US18-7621679
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FLZoning RM-25 · permitted uses
RM-25 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residence Apartments Hotels Multiple Dwellings
General category
RESIDENTIAL
Zone area
202.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Elmar Beach Parking LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4433 EL MAR DR, LAUDERDALE BY THE SEA, FL 33308-3605
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Elmar Beach Parking LLC
El Mar Beach Apartments LLC
Intrafamily Transfer
related
—
May 1, 2019
$500,000
El Mar Beach Apartments LLC
Ocean Reverie Apts INC
Warranty Deed
$500,000 · Damurjian Arlean L/tr (it)
Jan 30, 2018
—
Ocean Reverie Apts INC
Damurjian,arlean
Quit Claim Deed
related
—
Dec 21, 2017
—
Damurjian,arlean Living Trust
Damurjian,arlean
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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