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Property profile & analytics
OFF-MARKET
Estimated value
$15,015,000
Investment properties
1101 Banks Rd 1153 Margate, FL 33063-6702
Entity Owned
24-yr Hold
Free & Clear
Property ID
US18-3723043
Property summary
AI-generated overview
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 profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
CONCRETE
Total area
55,892 SF
Lot
6.4 ac (278,941 SF)
Zoning code
TOC-C
APN
48-42-31-19-0010
UPID
US18-3723043
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.87M
Comparable Approach
Comparable
$17.55M
Blend (final)
Blend
$15.02M
Owner & transaction history
CENTREPOINT PLAZA PRTNR
CENTREPOINT PLAZA PRTNR
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Margate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Margate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,855,000
6.5%
$11,865,000
7%
$11,020,000
Blend value · Realmo final
$15.02M
Range $13.51M – $16.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$269 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$122,525
Tax year 2023
Assessed value
$6,881,530
Assessed 2023
Previous assessed
$6,253,860
+10.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$2,022,320
Assessed improvement
$4,859,210
Land market value
$2,022,320
Improvement market value
$4,859,210
Total market value
$6,881,530
Applied tax rate
1,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
55,892 SF
Lot
6.4 ac (278,941 SF)
Zoning code
TOC-C
APN
48-42-31-19-0010
UPID
US18-3723043
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FL
Zoning TOC-C · permitted uses
TOC-C · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Margate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.4 ac
Current owner
From public records · entity-resolved
CENTREPOINT PLAZA PRTNR
Individual
Free & Clear · 0 yrs held
Mailing address
11911 US HWY 1ST STE #206, N PALM BEACH, FL 33408-2862
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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