4-Unit Flex Condominium
5453 NW 24 Street #5, Margate, FL 33063
For Sale
$2,100,000
Each unit combines an air-conditioned office and private bathroom with warehouse space and a permitted loft.
Property Size7,200 SF
Price / SF$291.67
Days on Market346
Property Features for 5453 NW 24 Street #5
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Clear Height
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Thomas E Rispoli · License FL #3229277
(561) 704-4681
Source:
Bernard-kelly
Added: Nov 30, 2025
Changed: Nov 7
Last Checked: Nov 10 at 4:20PM
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 Dalton Wade Inc
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.
Offered together, the four-unit flex property contains approximately 7,200 square feet. Each unit has about 1,200 square feet at the lower level and a permitted, load-bearing loft of approximately 600 square feet. Individual features include an air-conditioned office, a separate bathroom, a 12-by-14-foot electric overhead door, and 18-foot clear ceiling height. Upper-level impact windows and first-floor panel shutters are also noted. The property was built in 2004 and is zoned M-1A.
All units are occupied. Roofing work was completed in October 2025, with a 20-year roof warranty. The property is part of an industrial park and is being offered as a group of four warehouse condominium units.
All units are occupied. Roofing work was completed in October 2025, with a 20-year roof warranty. The property is part of an industrial park and is being offered as a group of four warehouse condominium units.
Key Highlights
- Four warehouse condominium units offered together, totaling approximately 7,200 square feet
- Each unit includes approximately 1,200 square feet at grade and a permitted load‑bearing loft of approximately 600 square feet
- 12' x 14' electric overhead door and 18‑foot clear ceiling height in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,457
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,349,140
$2.3M
Cap Rate 7%
$1,677,957
$1.7M
Cap Rate 9%
$1,305,078
$1.3M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$145.2K $20.16/SF
− Vacancy
−$7.0K −$0.97/SF
EGI
$138.2K $19.19/SF
− OpEx
−$20.7K −$2.88/SF
NOI
$117.5K $16.31/SF
Area
Broward County, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,349,140
Cap Rate 7%
$1,677,957
Cap Rate 9%
$1,305,078
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,457 @ 7.0% cap · market cap 5.59%
Second Best
Industrial
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,700 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
100%
Occupancy
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
$270,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Each unit combines an air-conditioned office and private bathroom with warehouse space and a permitted loft.
Where is this flex space located?
The property is located at 5453 NW 24 Street #5 Margate, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four warehouse condominium units offered together, totaling approximately 7,200 square feet; Each unit includes approximately 1,200 square feet at grade and a permitted load‑bearing loft of approximately 600 square feet; 12' x 14' electric overhead door and 18‑foot clear ceiling height in each unit
