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Property profile

1751 Banks Rd 3 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-2448669
1,642 SF 0.04 ac lot Built 2005
Entity Owned 5-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2005
Construction CONCRETE
Total area 1,642 SF
Lot 0.04 ac (1,626 SF)
Zoning code M-1A
APN 48-42-30-33-0600
UPID US18-2448669

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
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$879k
Blend (final) Blend
$765k

Owner & transaction history

since 2021
Last sale
$573,500
5 recorded transactions
2022
Price N/A
2021
$573,500
2016
$225,000
2008
$267,000
2007
$256,000

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
Top alternative use upside
Neighborhood: shopping center $1.1M +56.0%
Commercial (general) $865,000 +25.8%

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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