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    Property profile & analytics

    1241 River Dr Margate, FL 33063

    • Apartment buildings
    • 11,671 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1241 River Dr

    Year built
    1958
    Lot size
    0.71 lot acres
    Property size
    11,671 SF
    Property type
    Apartment buildings

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2086
    Latitude
    26.2437

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Atlantic Blvd

      BOARDING/ROOMING HOUSE • 2.00 Acres
      Atlantic Blvd, Margate, FL 33063
      View Details
    • Value Estimation by Request
      16,849 SF

      6103 Colonial Dr

      MOBILE HOME PARK, TRAILER PARK • 16,849 SF
      6103 Colonial Dr, Margate, FL 33063-5643
      View Details
    • Value Estimation by Request

      Withheld

      Investment properties
      Withheld, Margate, FL 33063
      View Details
    • Value Estimation by Request

      282 Sr 7

      Retail properties
      282 Sr 7, Margate, FL 33063
      View Details
    • Value Estimation by Request

      238 State Road 7

      Investment properties
      238 State Road 7, Margate, FL 33063
      View Details
    • Value Estimation by Request
      5.09 Acres

      State Rd 7th 7

      PARKING LOT • 5.09 Acres
      State Rd 7th 7, Margate, FL 33063
      View Details

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    Similar Nearby for Lease

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      Prime Atlantic Blvd Office Space - 215 SF
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      Atlantic Blvd Commercial Suite

      Prime Atlantic Blvd Office Space, 112 SF
      6101 Atlantic Blvd, Margate, FL 33063
      View Details
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    1241 River Dr
    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
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