Property profile

1360 State Rd 7th 1454 Margate, FL 33063

OFF-MARKET
Retail space
Property ID
US18-2657829
67,714 SF 6.62 ac lot Built 1985
Entity Owned 26-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Invest in this exceptional opportunity at Trizek Village Plaza, a single-story, 67,714 square foot retail center located at 1360 N State Rd 7, Margate, FL 33063, in Broward County. This Class B property, built in 1986, sits on a spacious 288,375 square foot lot and features 21 suites across one building. Three retail spaces are currently available, ranging from 2,418 to 4,782 square feet. The property boasts a convenient location on State Road 7 (441), just south of Royal Palm Boulevard, ensuring high visibility and accessibility. Space #1360 (4,782 sq ft) is an end cap with prominent 441 road frontage signage, ideal for businesses requiring high visibility, such as a gym or dance studio. Space #1388 (4,298 sq ft) is a former sports bar with a full-service bar, kitchen, and stage, perfect for a similar concept or a repurposed entertainment venue. Finally, space #1454 (2,418 sq ft), a former Dunkin' Donuts, offers an open seating area, a large kitchen, and prep areas, making it suitable for a deli, catering business, or coffee shop. The property's diverse tenant mix creates a vibrant and thriving commercial environment. The property has no elevators. APN is 484230040011.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction CONCRETE
Total area 67,714 SF
Lot 6.62 ac (288,375 SF)
Zoning code TOC-C
APN 48-42-30-04-0011
UPID US18-2657829

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
  • (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Location

1360 State Rd 7th, Unit 1454 Margate, FL 33063-2829
Margate metro Census 20104 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.58M
Blend (final) Blend
$10.79M

Owner & transaction history

Zoning & alternative use

TOC-C · Margate, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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