Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1308 State Rd 7th, Unit 1350 Margate, FL 33063-2800

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1308 State Rd 7th, Unit 1350 Margate, FL 33063-2800

    View on Map
    • Strip malls
    • 83,561 SF
    • 7.64 lot acres
    Off-Market
    Property ID
    US18-1914543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $15,940,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1308 State Rd 7th

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    7.64 lot acres
    Property size
    83,561 SF
    Zone code
    TOC-G
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    48-42-30-01-0160
    APU
    484230010160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2004
    Latitude
    26.2458
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $182,426
    $2,995,680
    $5,291,840
    $8,287,520
    -
    $2,995,680
    $5,291,840
    $8,287,520

    Comparable in this City

    • Value Estimation by Request
      20,714 SF

      2922 State Road 7

      Lifestyle centers • 20,714 SF
      2922 State Road 7, Margate, FL 33063
      View Details
    • Value Estimation by Request
      6,466 SF

      2401-2403 State Road 7

      Lifestyle centers • 6,466 SF
      2401-2403 State Road 7, Margate, FL 33063
      View Details
    • Value Estimation by Request

      282 Fl-7

      Neighborhood centers
      282 Fl-7, Margate, FL 33063
      View Details
    • Value Estimation
      $24,230,000
      153,652 SF

      5555 Atlantic Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 153,652 SF
      5555 Atlantic Blvd, Margate, FL 33063-5296
      View Details
    • Value Estimation
      $11,460,000
      134,369 SF

      3105 State Rd 7th, Unit 3213

      MINI-MALL • 134,369 SF
      3105 State Rd 7th, Margate, FL 33063-7006
      View Details
    • Value Estimation by Request
      197,162 SF

      4813 Coconut Crk Pkwy, Unit 4967

      MINI-MALL • 197,162 SF
      4813 Coconut Crk Pkwy, Coconut Creek, FL 33063-3944
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,714 SF

      20,714 SF Shopping Center ForSale

      20,714 SF shopping center on 1.32-acre lot.
      2922 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      20,714 SF

      Margate Shopping Center For Sale

      20,714 SF shopping center with lease-up potential.
      2922 N State Road 7, Margate, FL 33063
      View Details
    • $7,250,000

      Margate Shopping Center For Sale

      20,714 SF shopping center with lease-up potential.
      2922 N State Road 7, Margate, FL 33063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,783 SF

      Retail Space in Coconut Creek

      Retail space in a high-traffic shopping center.
      4901 Coconut Creek Pkwy, Coconut Creek, FL 33063
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in High-Traffic Center

      Retail space in Coconut Creek with high visibility and traffic.
      4821-4967 Coconut Creek Pkwy, Coconut Creek, FL 33063
      View Details
    • $2,908 /Mo
      61,420 SF

      Margate Retail Space For Rent

      1000 +/- SQFT retail space in busy shopping plaza.
      2501 N State Road 7, Margate, FL 33063
      View Details
    • $3,867 /Mo
      61,420 SF

      Margate Retail Space For Rent

      2000+ sqft unit ideal for beauty salon or school.
      2501 N State Road 7, Margate, FL 33063
      View Details
    • $4,325 /Mo
      61,420 SF

      Margate Commercial Space For Rent

      2250 SF unit in Marquis Square shopping plaza.
      2501 N State Road 7, Margate, FL 33063
      View Details
    • $25 SF/Yr
      20,714 SF

      Margate Medical Office Center

      Prime Medical & Retail Space Available
      2922 State Rd 7, Margate, FL 33063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1308 State Rd 7th, Unit 1350
    Margate, FL 33063-2800
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!