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    1101 Banks Rd Margate, FL 33063

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Margate Office Suites, High Traffic Location

    Lot size:
    56,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Paramount Plaza, a single-story Class B building totaling 56,000 square feet, presents a compelling investment opportunity in Margate, Florida. Located at 1101 Banks Rd, at the high-traffic intersection of Banks Road and Coconut Creek Parkway, this multi-tenant property benefits from exceptional visibility and accessibility. Built in 1986, the building offers a mix of medical and traditional office spaces, currently featuring three available suites ranging from 1,280 to 1,630 square feet. The property's strategic location is further enhanced by its proximity to key establishments, including the Department of Motor Vehicles, a newly opened Dollar Tree, and SunEd Charter High School, ensuring a consistent flow of potential customers and employees. This prime location within the Pompano submarket, in the West Broward cluster, offers excellent potential for businesses seeking a visible and convenient presence in a thriving area. The property's classification as both retail and office space provides versatility for a range of potential tenants. The address is 1101 Banks Rd, Margate, FL 33063.

    Property Features for 1101 Banks Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,000 SF
    Class
    B
    Total Rate
    116666.67

    Building Details

    Year Built
    1986
    Stories
    1

    Unit(s) available at that property

    Space
    1145
    Size
    1,630 SF
    Rate per SF
    $25
    Space
    1147
    Size
    1,630 SF
    Rate per SF
    $25
    Space
    1101
    Size
    1,280 SF
    Rate per SF
    $25

    HighLights

    • High‑traffic corner location with signalized intersection.
    • Excellent street visibility for maximum brand exposure.
    • Ample on‑site parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.195052804765
    Latitude
    26.242733333034

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    FAQs

    What type of property is this?
    Medical office - Prime Margate Office Suites, High Traffic Location
    Where is this medical office located?
    The property is located at 1101 Banks Rd Margate, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High-traffic corner location with signalized intersection.; Excellent street visibility for maximum brand exposure.; Ample on-site parking available.
    Request Owner's contact information
    1101 Banks Rd 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
    1101 Banks Rd Margate, FL 33063
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