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Property profile

1801 Mears Pkwy 1835 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-0769999
16,338 SF 1.68 ac lot Built 1979
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction CONCRETE
Total area 16,338 SF
Lot 1.68 ac (73,383 SF)
Zoning code M-1
APN 48-42-30-01-0089
UPID US18-0769999

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
$8.64M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.30M
Blend (final) Blend
$10.16M

Owner & transaction history

since 2022
Last sale
$10.9M
4 recorded transactions
2022
$10.9M
2009
Price N/A
2002
$1.1M
1969
Price N/A

Zoning & alternative use

M-1 · Margate, FL
Zoning description

The M-1 light industrial district is intended to provide for light manufacturing and heavy commercial uses for large corporations as well as small entrepreneurs in multitenant warehouse space

General category INDUSTRIAL
Top alternative use upside
Restaurant $13.7M +100.4%
Auto repair, garage $12.0M +75.3%
Neighborhood: shopping center $10.7M +56.0%

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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