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    1360 State Rd 7 Margate, FL 33063
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    1360 State Rd 7, Margate, FL 33063

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    • Retail space
    • 67,714 SF
    • 6.62 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Trizek Village Plaza: Margate Retail Spaces For Lease
    $20 SF/Yr

    Trizek Village Plaza: Margate Retail Spaces

    Prime Margate retail spaces available. High-traffic location.

    Pompano Beach, FL 33063
    View Listing
    Property ID
    US18-2657829
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1360 State Rd 7

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    6.62 lot acres
    Zone code
    TOC-C
    Property type
    Retail space
    APN
    48-42-30-04-0011
    APU
    484230040011

    Description

    Invest in this exceptional opportunity at Trizek Village Plaza, a single-story, 67,714 square foot retail center located at 1360 N State Rd 7, Margate, FL 33063, in Broward County. This Class B property, built in 1986, sits on a spacious 288,375 square foot lot and features 21 suites across one building. Three retail spaces are currently available, ranging from 2,418 to 4,782 square feet. The property boasts a convenient location on State Road 7 (441), just south of Royal Palm Boulevard, ensuring high visibility and accessibility. Space #1360 (4,782 sq ft) is an end cap with prominent 441 road frontage signage, ideal for businesses requiring high visibility, such as a gym or dance studio. Space #1388 (4,298 sq ft) is a former sports bar with a full-service bar, kitchen, and stage, perfect for a similar concept or a repurposed entertainment venue. Finally, space #1454 (2,418 sq ft), a former Dunkin' Donuts, offers an open seating area, a large kitchen, and prep areas, making it suitable for a deli, catering business, or coffee shop. The property's diverse tenant mix creates a vibrant and thriving commercial environment. The property has no elevators. APN is 484230040011.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,580,000
      Market price range: $13.6M - $32.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2003
    Latitude
    26.2476
    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
    $171,440
    $2,595,380
    $4,484,570
    $7,079,950
    -
    $2,595,380
    $4,484,570
    $7,079,950

    Comparable in this City

    • Value Estimation
      $1,585,000
      7,172 SF

      6650 Atlantic Blvd

      RETAIL STORES (PERSONAL SERVICES)
      6650 Atlantic Blvd, Margate, FL 33063-5004
      View Details
    • Value Estimation
      $4,465,000
      22,051 SF

      7300 Royal Palm Blvd, Unit 7328

      RETAIL STORES (PERSONAL SERVICES)
      7300 Royal Palm Blvd, Margate, FL 33063-6803
      View Details
    • Value Estimation
      $2,365,000
      13,364 SF

      1609 State Rd 7th, Unit 1615

      RETAIL STORES (PERSONAL SERVICES)
      1609 State Rd 7th, Margate, FL 33063-5703
      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
      $5,200,000
      28,434 SF

      5801 Margate Blvd, Unit 6221

      RETAIL STORES (PERSONAL SERVICES)
      5801 Margate Blvd, Margate, FL 33063-2834
      View Details
    • Value Estimation
      $6,005,000
      9,947 SF

      5430 Atlantic Blvd, Unit 5450

      RETAIL STORES (PERSONAL SERVICES)
      5430 Atlantic Blvd, Margate, FL 33063-5215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,466 SF

      New Retail Plaza on US-441

      New retail plaza with high visibility and traffic.
      2401-2403 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      966 SF

      Retail/Office Condo in Plaza Americas

      Spacious retail/office condo in high-traffic area, easily divisible.
      100 N State Road 7, Margate, FL 33063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,868 SF

      Retail Space on State Road

      Retail space available for lease with high traffic counts.
      2700-2730 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,056 SF

      Retail Space in Margate Plaza

      Retail space available in busy Margate shopping center.
      2430-2486 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      1,827 SF

      Retail Space Near Northwest Hospital

      Retail space with high visibility and traffic count available for lease.
      3105-3213 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      3,922 SF

      Retail Plaza on High-Traffic Corridor

      Multi-tenant retail plaza with high visibility and ample parking.
      2401-2403 North State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Space Near Wawa

      4,000 SF retail/office space with high visibility.
      5510 W Copans Rd, Margate, FL 33063
      View Details
    View Listing
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    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.

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