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    282 Fl-7 Margate, FL 33063
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    282 Fl-7, Margate, FL 33063

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    • Neighborhood centers

    Property Details for 282 Fl-7

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Margate Plaza, located at 282 FL-7, Margate, FL 33063, offers ±11,000 square feet of in-line retail space within a 13,335 square foot strip center. This single-tenancy space, formerly a thrift store, features existing retail racks and includes a small storage area and restroom. The property boasts excellent visibility from North State Road 7 (SR-7), a highly trafficked main road with over 54,500 vehicles passing daily. Its strategic location provides easy access to established markets including Coral Springs, Pompano Beach, Coconut Creek, and Deerfield Beach, and is minutes from the Florida Turnpike. The plaza is situated just south of the signalized intersection of West Atlantic Boulevard and North SR-7, surrounded by numerous residential communities and shopping centers. The property's TOC-C zoning allows for most retail uses and aligns with the City of Margate's plan for future improvements, including the nearby Margate City Center project, a planned 36-acre development featuring retail, dining, residential components, and public spaces. This development, less than a mile north, will further enhance the area's appeal and foot traffic. The property's location within three miles of Coconut Creek, Pompano Beach, North Lauderdale, and Margate ensures a strong regional presence and access to a diverse customer base. Built in 1969, Margate Plaza has a long-standing history of serving the local community. The existing tenant mix consists of service-related businesses, generating consistent foot traffic and daytime sales.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2045
    Latitude
    26.2332

    Comparable in this City

    • Value Estimation by Request
      20,714 SF

      2922 State Road 7

      Lifestyle centers
      2922 State Road 7, Margate, FL 33063
      View Details
    • Value Estimation by Request
      6,466 SF

      2401-2403 State Road 7

      Lifestyle centers
      2401-2403 State Road 7, Margate, FL 33063
      View Details
    • Value Estimation
      $15,940,000
      83,561 SF

      1308 State Rd 7th, Unit 1350

      SHOPPING CENTER, STRIP CENTER
      1308 State Rd 7th, Margate, FL 33063-2800
      View Details
    • Value Estimation by Request
      5,943 SF

      2000 State Rte

      Individual retail properties
      2000 State Rte, Margate, FL 33063
      View Details
    • Value Estimation by Request

      282 Sr 7

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

      1 State Road 7

      Retail properties & Spaces
      1 State Road 7, Margate, FL 33063
      View Details

    Similar Nearby for Sale

    • $1,300,000
      0.59 Acres

      Commercial Building on State Road

      Spacious commercial building on a large lot with high traffic.
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      Margate Retail Space For Sale

      High-visibility retail space in thriving Margate Plaza.
      282 Sr 7, Margate, FL 33063
      View Details

    Similar Nearby for Lease

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      1,498 SF

      Retail Space with Ample Parking

      Retail property featuring ample parking and recent upgrades.
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      1,210 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      7210-7382 W Atlantic Blvd, Margate, FL 33063
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      1,300 SF

      Margate Retail Space For Lease

      Retail space available in Margate, Florida with high traffic.
      2402-2428 N State Road 7, Margate, FL 33063
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      4,092 SF

      Retail Space in Coral Landings

      Grocery-anchored retail center with high traffic and diverse tenants.
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      Trizek Village Plaza: Margate Retail Spaces

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    282 Fl-7
    Margate, FL 33063
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    282 Fl-7, Margate, FL, 33063
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