1641 Nw 81 Way, Plantation

Usage

Condominium

Address:

1641 Nw 81 Way
Plantation
FL 33322

Property Size:1,122 sq ft
Year Built:1983
Property Class:B3
Latitude:26.145
Longitude:-80.260

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

Welcome to Visulate

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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Please quote reference number: 4444607 in your email

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Broward County, Florida

Broward County is part of the southwest Florida region. Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations.

Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The unemployment rate in Broward County, at 5.7%, is lower than Miami-Dade (10.2%), Palm Beach (6.9%), and the state (7.2%).

Major private sector employers are American Express, Nova Southeastern University, PRC, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale. ..more

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Links

  1. 1641 Nw 81 Way, Plantation, FL on Zillow
  2. Recent Sales near 1641 Nw 81 Way, Plantation, FL on Realtor.com
  3. 1641 Nw 81 Way, 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. Inland Packaging, Inc. (1649 Nw 81st Way)
  2. Nadec, LLC (1670 Nw 81 St Way)
  3. Sjm Processing, Inc. (1676 Nw 81 Way)
  4. International Property Fund, Inc. (1701 Nw 81st Way)
  5. Assertive Investments, Inc. (1701 Nw 81st Way)
  6. Cyber Girl LLC (1706 Nw 81 Way)
  7. S W F Reporting, Inc. (1718 Nw 81 Way)
  8. Ye-Yo Unlimited, Inc. (1724 Nw 81st Way)
  9. South Florida Beach Bums, Corp. (1740 Nw 81 Way)
  10. Sheila Chandrahasa, D.M.D., P.A. (1743 Nw 81 Way)
  11. Teutonic Trading Inc (8168 Nw 15th Mnr)
  12. Jonna Foster, Inc. (8150 Nw 15th Mnr)
  13. Jaycurt Flooring LLC (8120 Nw 15th Mnr)
  14. Curtis Pressure Cleaning And Maintenance, Inc. (8120 Nw 15th Mnr)
  15. Curtmark, Inc. (8120 Nw 15th Mnr)
  16. Robert S. Zack, Pa (8108 Nw 15th Mnr)

Broward County Real Estate - Fort Lauderdale

Fort Lauderdale

Fort Lauderdale is the eighth largest city in Florida is terms of population. Fort Lauderdale is located in Broward County and borders the Atlantic Ocean. Tourism is Fort Lauderdale's largest industry, with a focus on water recreation. The city is home to over 42,000 resident yachts and 100 marinas and boatyards. Fort Lauderdale also has a large convention center, attracting 30% of the city's visitors. Fort Lauderdale is a fast growing market for international trade. Many companies have established business operations in Fort Lauderdale with Latin American headquarters, including AT&T, AutoNation, CityCorp, Galaxy Latin America, Hewlett Packard, and others. Top employers for Fort Lauderdale are Tenet Healthcare, American Express, The Continental Group, Motorola, and Maxim Integrated Products.

Fort Lauderdale is in South East Florida. It's population as recorded in the 2010 Census was 165,521.

The median age for residents of Fort Lauderdale is 42.2. Around 21% of Fort Lauderdale households include school aged children and 26.2% of households include individuals aged 65 years or over. Census records indicate 62.6% of the Fort Lauderdale population are White, 30.9% are Black or African American, .2% American Indian, 1.4% Asian and 2.1% are Two or more Races.

There are 93,159 housing units in Fort Lauderdale. 18,373 (19.7%) of these were reported as vacant in the 2010 Census. Fort Lauderdale is a tourist destination, 50% (9,195) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 38,542 residential rental units in Fort Lauderdale. 33,763 of them were occupied in 2010 providing a residential rental vacancy rate of 12%.

Fort Lauderdale links:

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%.

Estimated Value: 1641 Nw 81 Way

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

1641 Nw 81 Way appears to be a B Class property. Suggested value: $66,601

HighMedianLow
Value94,265 66,601 45,362

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $88,800. 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 1641 Nw 81 Way:

  • The Household Income estimate assumes the tenant has a total household income of $34,620 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 $952
Household Income - Renters $1,023
Market Rents $1,004
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 1641 Nw 81 Way. 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 Rent1,004
Annual Rent per Sq Ft11.00
Gross Annual Rent12,044
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,445
Maintenance583
HOA, Utilities and CAM0
Property Taxes1,681
Insurance915
Management Fees1,204
NOI6,216
Cap Rate7
Estimated Value88,800
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.

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.