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    OFF-MARKET
    Warehouses

    1759 Banks Rd, Margate, FL 33063-7744

    1,642 SF 0.04 ac lot Built 2005
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US18-2526889
    Property summary
    AI-generated overview

    This exceptional 1,642 square foot warehouse flex space, built in 2005, is located in the well-maintained Banks Business Park in Margate, Florida (33063). The property boasts 22-foot ceilings, a concrete roof, and a large bay roll-up door, making it ideal for a variety of businesses. The single-story building includes a half bath and an open work area, perfect for both storage and operations. Two assigned parking spaces are provided, along with ample guest parking. The M-1A zoning allows for a wide range of uses, from warehousing to professional and trade services. This location offers easy access to major transportation routes, including the Turnpike, I-95, and US-441, placing your business within minutes of key arteries. The surrounding area is convenient, with nearby gas stations, restaurants, shopping centers, and other essential business services. The property is situated amongst complementary businesses, including home improvement contractors and medical suppliers, creating a synergistic business environment. This is a prime opportunity for businesses seeking to establish or expand their operations in a thriving location. The asking price for this well-maintained warehouse is $434,900.

    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 48-42-30-33-0640
    UPID US18-2526889
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tiberlam LLC · 1 yrs held
    Tiberlam LLC
    since 2024
    Last sale
    $420,000
    2 recorded transactions
    2024
    $420,000
    2006
    $138,200
    Zoning & alternative use
    M-1A · Margate, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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