Financial
Distress signals
Property profile

1901 Mears Pkwy 1923 Margate, FL 33063

OFF-MARKET
Other warehouses
Property ID
US18-1739677
24,092 SF 2.41 ac lot Built 1979
Last sale Jun 2024 · $11,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is located within the Central Broward Business Park and comprises flex suites in the range of approximately 2,000 to 4,000 square feet. The spaces were newly renovated and are configured to accommodate industrial, warehouse, or office use. Features include a clear height of about 24 feet, grade-level doors, and rear loading access.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$61k
Tax billed · 2023
Assessed value$2.79M
Assessed land$736k
Assessed improvement$2.06M
Effective rate2.19%

Value estimate

· Sep 2026
$11.00M
$9.90M – $12.10M
AI approach$11.00M
Sales comparison$7.48M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$419/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$210 – $607
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1
The M-1 light industrial district is intended to provide for light manufacturing and heavy commercial uses for large corporations as well...
General categoryINDUSTRIAL
JurisdictionBROWARD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency62.4
Restaurant36.4
Dental Office30.8

Location

1901 Mears Pkwy, Unit 1923 Margate, FL 33063-3702
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
214 Margate, Margate, FL 33063-4547 $3,305,000 Jun 2025 17,488 SF
1900 Mears, Margate, FL 33063-3701 $11,250,000 Feb 2025 10,912 SF
1925 Mears, Margate, FL 33063-3702 $11,000,000 Jun 2024 24,092 SF
5411 15th, Margate, FL 33063-3719 $4,000,000 May 2024 16,112 SF
5445 24th, Margate, FL 33063-7712 $4,100,000 Apr 2024 19,640 SF
4700 9th, Pompano Beach, FL 33063-4657 $2,505,000 May 2022 8,760 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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