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Property profile

1593 Banks Rd 1667 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-4716199
54,539 SF 2.79 ac lot Built 1973
Entity Owned 6-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Construction CONCRETE
Total area 54,539 SF
Lot 2.79 ac (121,417 SF)
Zoning code M-1
APN 48-42-30-02-0060
UPID US18-4716199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.16M
Comparable Approach Comparable
$6.08M
Blend (final) Blend
$6.88M

Owner & transaction history

since 2020
1 recorded transaction
2020
$4.7M

Zoning & alternative use

M-1 · Margate, FL
Zoning description

The M-1 light industrial district is intended to provide for light manufacturing and heavy commercial uses for large corporations as well as small entrepreneurs in multitenant warehouse space

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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