Light Industrial Warehouse
For Sale
$334,900
5415 NW 15 Street, Margate, FL
COMMERCIAL - Margate, FL
Property Size1,030 SF
Price / SF$325.15
Days on Market139
Property Features for 5415 NW 15 Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-1
Parking
3
Parking features
Assigned
Subdivision
3632
Standard status
Active
APN
484230bd0120
Size
1,030 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
R J S COMMERCE CENTER CONDO UNIT 12 PER CDO BK/PG: 12418/1
Tax Annual Amount
4570
Legal Description
R J S COMMERCE CENTER CONDO UNIT 12 PER CDO BK/PG: 12418/1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
32
Flooring type
Concrete
Building materials
Concrete, Concrete Block - No Stucco, Stucco
Roof type
Metal
Listing Agency:
Engage 100 Realty Group
(954) 895-6852
Listed By:
Daniel Miqueiro PA · License #3093332
(954) 895-6852
Added: Mar 20
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# B26004984
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,030-square-foot light industrial warehouse unit is zoned M-1 and built for practical storage and distribution use. The facility includes a 12' high bay rollup door and approximately 16' clear ceiling height, along with a front office, an additional private room, and one bathroom.
The unit is located just off SR-7 (441) and NW 15th Street, providing quick access to the Florida Turnpike. The property includes three dedicated parking spaces and a listed monthly CAM of $300.
Owner-paid utilities include electric and water. The warehouse measures 34' deep by 30' wide. Access is available by appointment only.
The unit is located just off SR-7 (441) and NW 15th Street, providing quick access to the Florida Turnpike. The property includes three dedicated parking spaces and a listed monthly CAM of $300.
Owner-paid utilities include electric and water. The warehouse measures 34' deep by 30' wide. Access is available by appointment only.
Key Highlights
- 1,030 sq ft warehouse condo in a Margate industrial corridor, just off SR‑7 (441) and NW 15th St with quick access to the Florida Turnpike
- Zoned M‑1 (Light Industrial) with 12' high bay rollup door and 16' clear ceiling height
- 34' deep x 30' wide warehouse layout plus front office, additional private room, and 1 bathroom
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.8k | $16.32 |
| − Vacancy | −$925 | −$0.90 |
| EGI | $15.9k | $15.42 |
| − OpEx | −$2.4k | −$2.31 |
| NOI | $13.5k | $13.11 |
1,030 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$192.9K
$168.8K – $225.0K
NOI $13,502 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.6K
$457.2K – $609.7K
NOI $36,579 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Warehouses in Broward County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Extra Space Storage — 1880 N State Rd 7, Margate, FL 33063
- High Trans Solutions — 5500 NW 15th St, Margate, FL 33063
- Cabessa Storage & Warehouse — 2100 Mears Pkwy, Margate, FL 33063
- CubeSmart Self Storage — 5500 NW 15th St, Margate, FL 33063
- Self-Storage at U-Haul — 1700 N State Rd 7, Margate, FL 33063
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse condo with a 12' rollup door, 16' clear height, front office, and one bathroom, zoned M-1.
Where is this warehouse located?
The property is located at 5415 NW 15 Street Margate, FL.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 1,030 sq ft warehouse condo in a Margate industrial corridor, just off SR‑7 (441) and NW 15th St with quick access to the Florida Turnpike; Zoned M‑1 (Light Industrial) with 12' high bay rollup door and 16' clear ceiling height; 34' deep x 30' wide warehouse layout plus front office, additional private room, and 1 bathroom
