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Property profile

1713 Banks Rd Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-0222380
2,023 SF 0.05 ac lot Built 2004
Entity Owned 4-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Construction CONCRETE
Total area 2,023 SF
Lot 0.05 ac (2,000 SF)
Zoning code M-1A
APN 48-42-30-33-0070
UPID US18-0222380

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
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$467k
Blend (final) Blend
$540k

Owner & transaction history

since 2022
Last sale
$575,000
4 recorded transactions
2022
$575,000
2016
$270,000
2016
$215,000
2004
$210,000

Zoning & alternative use

M-1A · Margate, FL
Zoning description

The M-1A, industrial park district is intended to provide land for business and industry which expands the economic base of the City Permitted uses are intended to include those businesses and industries primarily involv…

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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