Entity Owned 
For Sale
1 / 9
$1,000,000
6221 W Atlantic Blvd, Margate, FL
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Property summary
AI-generated overview
The property at 6221 W Atlantic Boulevard in Margate, Florida is an office building situated on a 0.27-acre lot in Broward County. The building is zoned B-2 and has a total area of 3,634 square feet with a functional layout that includes typical floor space of 1,817 square feet. It is configured for office-oriented use, with suitability for professional offices, medical-related users, or service-based businesses consistent with the zoning and intended office use.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
CONCRETE
Total area
3,634 SF
Lot
0.27 ac (11,968 SF)
Zoning code
TOC-C
APN
48-41-36-02-0780
UPID
US18-5447331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Association Or Organization
-
Association Or Organization
-
Production Facility Construction Company
-
Gym & Fitness Center Sports Field & Court
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.14M
Owner & transaction history
since 1998
2 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Top alternative use upside
Warehouse, storage
$1.5M
+30.9%
Medical building
$1.3M
+9.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.14M
Value range
$1.03M – $1.25M
±10% around blend
Estimated value / SF
$314 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.03M
blend $1.14M
$1.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,634 SF
Lot area
0.27 ac
Year built
1991
Stories
2
APN
48-41-36-02-0780
Zoning
TOC-C
Assessed value
$757,300
Annual tax
$17,769
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.28M
@ 6.5% CAP return
$1.18M
@ 7% CAP return
$1.10M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$17,769
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.33M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.9 mi away · 3,722 SF
5.0 mi away · 2,626 SF
5.6 mi away · 2,591 SF
6.5 mi away · 4,656 SF
6.8 mi away · 2,892 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$320
-2%
Submarket 264 sales
$398
-21%
County 1253 sales
$455
-31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $314/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+31%
vs current-use indication
Medical Building
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.82%
Selected cap rate for this office buildings
Derived from the Margate market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.82%
9.0%
NOI (est.)
$48k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$999k
Move the market yield to see immediate price impact.
Value / SF
$275
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.32%4.82%5.32%
$43k
$1.00M
$899k
$815k
$48k
$1.11M
$999k
$905k
$53k
$1.23M
$1.10M
$996k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$669k
4.9 mi · Dec 2025 · $217/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,769
Tax year 2023
Assessed value
$757,300
Assessed 2023
Previous assessed
$757,300
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$143,620
Assessed improvement
$613,680
Land market value
$143,620
Improvement market value
$613,680
Total market value
$757,300
Applied tax rate
1,212.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1991
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
3,634 SF
Lot
0.27 ac (11,968 SF)
Zoning code
TOC-C
APN
48-41-36-02-0780
UPID
US18-5447331
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FLZoning TOC-C · permitted uses
TOC-C · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TOC-C
Jurisdiction
Margate, FL
Recorded code
TOC-C
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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