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Property profile

1735 Banks Rd Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US19-0161870
2,273 SF 0.05 ac lot Built 2004
Entity Owned Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 4,500 square foot flex office/warehouse property is ideally situated in North Broward County's Margate, offering unparalleled convenience and accessibility. The unit boasts a versatile layout, currently configured with approximately 2,250 square feet of office space and the remaining area adaptable for warehouse use. The office space features two spacious private offices, a smaller reception area, and a single ADA-compliant bathroom complete with a shower. A large open bullpen area offers flexibility, potentially convertible back to warehouse space to suit a variety of business needs. The entire bay is fully air-conditioned for optimal comfort. The warehouse area itself benefits from impressive ceiling heights exceeding 20 feet, providing ample vertical storage capacity. Access is facilitated by a 12x14 grade-level overhead door, perfect for loading and unloading. Two designated parking spaces are included for added convenience. The property enjoys excellent visibility with frontage on Banks Road. This property is zoned M1-A, allowing for light industrial uses. The property is available for purchase at $795,000 and is also available for lease, with occupancy commencing March 1st, 2025. The 0.1-acre lot provides ample space for operations.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Construction CONCRETE
Total area 2,273 SF
Lot 0.05 ac (2,250 SF)
Zoning code M-1A
APN 48-42-30-33-0180
UPID US19-0161870

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
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$525k
Blend (final) Blend
$390k

Owner & transaction history

since 2025
Last sale
$720,000
7 recorded transactions
2025
$720,000
2017
$371,300
2017
Price N/A
2009
$170,500
2009
Price N/A
2004
$251,000
1969
Price N/A

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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