1007 Nw 88 Ave, Plantation

Usage

Condominium

Address:

1007 Nw 88 Ave
Plantation
FL 33322

Property Size:1,114 sq ft
Acreage:0.03
Year Built:1974
Property Class:B3
Latitude:26.136
Longitude:-80.266

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Plantation:

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Estimated Value: 1007 Nw 88 Ave

Market Data

In 2013 class A condominium properties in Plantation sold for $95.83 to 787.78 per sq ft with a median price per sq ft of $125.00. Class B properties sold for $46.11 to 95.82 per sq ft with a median of $67.70 and class C properties sold for $10.22 to 46.10 per sq ft with a median of $40.51.

Market Valuation

1007 Nw 88 Ave appears to be a B Class property. Suggested value: $66,126

HighMedianLow
Value93,593 66,126 45,038

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $74,557. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 1007 Nw 88 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $17,446 and spends 33% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $480
Household Income - Renters $737
Market Rents $830
Price/Ft $1,000

Expense Estimates:

  • Census data records show 7% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 1007 Nw 88 Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent830
Annual Rent per Sq Ft9.00
Gross Annual Rent9,957
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,195
Maintenance579
HOA, Utilities and CAM0
Property Taxes1,060
Insurance908
Management Fees996
NOI5,219
Cap Rate7
Estimated Value74,557
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Broward County, Florida

Broward County is in South East Florida. The main cities in Broward County are Fort Lauderdale (population 165,521), Pembroke Pines (population 154,750) and Hollywood (population 140,768)

[Property Appraiser] [Tax Record]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $76,102. The bottom 10% of the population earn less than $24,733 per year. The top 10% earn more than $181,909 per year. The top 1% earn more than $586,763 per year. Most renters earn between $38,304 (20th percentile) and $66,048 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,323. Most renters earn between $3,192 and $5,504 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $1,021 (20th percentile) to $1,715 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 1007 Nw 88 Ave, Plantation, FL on Zillow
  2. Recent Sales near 1007 Nw 88 Ave, Plantation, FL on Realtor.com
  3. 1007 Nw 88 Ave, Plantation, FL on Google Maps
  4. Plantation, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33322 from City-Data.com
  6. Plantation Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33322 Zipcode

Owner Details

Companies near this Address

  1. Cocoglo LLC (3131 6th Ave North)
  2. Cielito'S Cleaning Service Inc (8702 Nw 10th St)
  3. Simmens Building, Inc. (1052 Nw 88th Ave)
  4. Cecilia Palacio LLC (1024 Nw 88th Ave)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.