Flex
5415 NW 15TH Street 12, Margate, FL 33063
For Sale
Contact for pricing
A compact commercial unit with a building area suited to small-scale operations.
Property Size1,030 SF
Lot Size0.08 Acres
Price / SF$315.53
Days on Market41
Property Features for 5415 NW 15TH Street 12
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Property Use
Building Details
Year Built
Building Size
Listing Agency:
CENTURY 21 Tenace Realty
Listed By:
Danielle Greenberg · License FL #3665109
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 10 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Tenace Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space contains 1,030 square feet within a 3,632-square-foot lot. The property was built in 1985 and is located in Margate, Broward County, Florida.
Key Highlights
- 1,030 square feet of building area
- 3,632‑square‑foot lot
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,120
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,400
$222.4K
Cap Rate 7%
$158,857
$158.9K
Cap Rate 9%
$123,556
$123.6K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$16.8K $16.32/SF
− Vacancy
−$925 −$0.90/SF
EGI
$15.9K $15.42/SF
− OpEx
−$4.8K −$4.63/SF
NOI
$11.1K $10.80/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,400
Cap Rate 7%
$158,857
Cap Rate 9%
$123,556
Alternative Uses
Best Use
Industrial
$158.9K
$139.0K – $185.3K
NOI $11,120 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$155.1K
$135.7K – $181.0K
NOI $10,857 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$522.6K
$457.2K – $609.7K
NOI $36,579 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33063, FL
56,296
Population
27,019
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,865
Density / Sq Mi
$62,930
Median Household Income
$38,038
Median Earnings
$1,790
Median Rent
$270,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- C & G Catering Llc — 5740 Margate Blvd, Margate, FL 33063
- Door 2 Door Catering — 5241 Coconut Creek Pkwy, Margate, FL 33063
- Jugo boss — 6124 nw 22nd st, margate, fl 33063
- Catering Anne Marie's — 2403 N State Rd 7, Margate, FL 33063
- Ukelele Foods LLC — 2686nw, NW 61st Ave, Margate, FL 33063
Frequently Asked Questions
What type of property is this?
Flex space - A compact commercial unit with a building area suited to small-scale operations.
Where is this flex space located?
The property is located at 5415 NW 15TH Street 12 Margate, FL.
What is the asking price?
The asking price for this property is $324,999.
What are key features of this property?
This property features: 1,030 square feet of building area; 3,632‑square‑foot lot; Built in 1985
