Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1A · Margate, FLThe 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…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for M-1A in Margate, FL.
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