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Property profile & analytics
OFF-MARKET
Estimated value
$6,470,000
Drug stores
1200 State Rd 7th 7 Margate, FL 33063-2841
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-2868475
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
CONCRETE
Total area
13,983 SF
Lot
1.71 ac (74,620 SF)
Zoning code
TOC-G
APN
48-42-31-15-0012
UPID
US18-2868475
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
$5.23M
Comparable Approach
Comparable
$6.71M
Blend (final)
Blend
$6.47M
Owner & transaction history
Sa1 Partners Delaware LLC · 5 yrs held
Sa1 Partners Delaware LLC
since 2020
Last sale
$7.0M
4 recorded transactions
Zoning & alternative use
TOC-G · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.3M
+146.1%
Neighborhood: shopping center
$9.1M
+119.0%
Industrial (general)
$8.7M
+107.8%
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%
$5,660,000
6.5%
$5,225,000
7%
$4,855,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,170,000
Current use
AUTO REPAIR, GARAGE
$10,265,000
Change: +146% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,130,000
Change: +119% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,665,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,360,000
Change: +77% · Conversion: Easy
WAREHOUSE, STORAGE
$5,855,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$4,905,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$6.47M
Range $5.82M – $7.12M · ±10% · vs last sale $6.97M (Oct 19 2020)
Last sale anchor
$6.97M
Oct 19 2020
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
$463 / 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
$94,304
Tax year 2023
Assessed value
$4,091,280
Assessed 2023
Previous assessed
$4,091,280
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,361,820
Assessed improvement
$2,729,460
Land market value
$1,361,820
Improvement market value
$2,729,460
Total market value
$4,091,280
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
13,983 SF
Lot
1.71 ac (74,620 SF)
Zoning code
TOC-G
APN
48-42-31-15-0012
UPID
US18-2868475
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-G · Margate, FL
Zoning TOC-G · permitted uses
TOC-G · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Sa1 Partners Delaware LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
—
Sa1 Partners Delaware LLC
Freedman Del
Correction Deed
related
—
Sep 4, 2020
$6,970,000
Sai Partners Delaware LLC
Freedman Del
Grant Deed
—
Aug 3, 2005
$6,850,000
Freedman & Freedman Partnership Del
Margate Partners LLC
Special Warranty Deed
$4,600,000 · Bankatlantic Commercial Mortgage Ca
Feb 20, 2003
$3,500,000
Johnson,tr
—
Grant Deed
related
—
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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