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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
1811-1813 Banks Rd, Margate, FL 33063
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0357351
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
CONCRETE
Total area
2,035 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M-1A
APN
48-42-30-33-0290
UPID
US18-0357351
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
$570k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$555k
Owner & transaction history
Vvs LLC · 2 yrs held
Vvs LLC
since 2024
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
M-1A · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$850,000
+30.9%
Medical building
$715,000
+9.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Margate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Margate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$555,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
WAREHOUSE, STORAGE
$850,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +10% · Conversion: Easy
RETAIL STORES
$605,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $550k (Dec 13 2023)
Last sale anchor
$550k
Dec 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$273 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,591
Tax year 2023
Assessed value
$360,110
Assessed 2023
Previous assessed
$360,110
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$40,000
Assessed improvement
$320,110
Land market value
$40,000
Improvement market value
$320,110
Total market value
$360,110
Applied tax rate
1,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,035 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M-1A
APN
48-42-30-33-0290
UPID
US18-0357351
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1A · Margate, FL
Zoning M-1A · permitted uses
M-1A · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Margate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$605,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Vvs LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11635 NW 81ST PL, PARKLAND, FL 33076-4970
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Vvs LLC
Sajo Management Group LLC
Correction Deed
related
—
Dec 13, 2023
$550,000
Vvs LLC
Sajo Management Group LLC
Warranty Deed
—
Mar 25, 2022
$426,000
Sajo Management Group LLC
City Of Margate
Special Warranty Deed
$319,463 · Silver Hill Financial LLC
Sep 19, 2013
$210,000
City Of Margate Florida
Bank Of America NA
Grant Deed
—
Feb 5, 2013
—
Bank Of America NA
Ahlbum,jonathan Coc
Trustees Deed
related
—
Jul 14, 2006
$287,100
Jonathan Ahlbum
Bank Business Park LLC
Grant Deed
$220,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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