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    1505 N State Rd, Unit 7 Margate, FL 33063

    For Sale
    $1,050,000

    Free-standing veterinary building for sale with leaseback arrangement.

    Lot size:
    0.54 Acres

    Property Features for 1505 N State Rd

    General Information

    Lot size
    0.54 Acres

    Building Details

    Year built
    1971

    Source: Compass Florida, LLC Agent Alexander Abella

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Veterinary Building Sale-Leaseback Opportunity

    This free-standing building, currently operating as a veterinary practice, is available for sale as part of a sale-leaseback arrangement. The current owner intends to lease the property back for ten years on a triple-net basis. Under the lease terms, the tenant will be responsible for all expenses, including real estate taxes, water, trash, and electricity. The new owner will be responsible for the exterior of the building, the roof, and the A/C system. This property is located in a commercial area in Margate, North Fort Lauderdale. The property offers potential for appreciation and tax advantages associated with owning income-generating real estate.
    Location Intelligence

    Current Use by Public Records

    Medical space

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2096
    Latitude
    26.252

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    FAQs

    What type of property is this?
    Medical space - Free-standing veterinary building for sale with leaseback arrangement.
    Where is this medical space located?
    The property is located at 1505 N State Rd, Unit 7 Margate, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Sale-leaseback arrangement with established veterinarian tenant for 10 years.; - Triple-net lease provides passive income stream with tenant covering most expenses.; - Management-free investment experience.
    (305) 510-9365
    Request Owner's contact information
    1505 N State Rd, Unit 7 Margate, FL 33063
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    Margate, FL 33063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 N State Rd, Unit 7 Margate, FL 33063
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