1759 Banks Rd Margate, FL 33063-7744
- Warehouses
- 1,642 SF
- 0.04 lot acres
Oct 02, 2024
Current Use by Public Records
- Warehouses
Property Details for 1759 Banks Rd
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 0.04 lot acres
- Property size
- 1,642 SF
- Zone code
- M-1A
- Property type
- Warehouses
- APN
- 48-42-30-33-0640
- APU
- 484230330640
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $420,000
- ML approach
- $420,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $360,000
- 6.5%
- $330,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $375,000
Market price range: $173k - $449k
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Location Insight
- Map
- Local Demand
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.1965
- Latitude
- 26.2526
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA