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Property profile & analytics

1759 Banks Rd Margate, FL 33063-7744

  • Warehouses
  • 1,642 SF
  • 0.04 lot acres
OFF-MARKET
Last Sale
Oct 02, 2024
$420,000
Value Estimations
$415,000
Show details
Cap Rate Potential
5.1%
Warehouses
Location Intelligence
Property ID
US18-2526889
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,460
$32,520
$295,480
$328,000
-
$32,520
$295,480
$328,000
More about this property
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