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Property profile

1846 1878th Nw 54th Ave Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-1686893
11,284 SF 1.23 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1982
Construction CONCRETE
Total area 11,284 SF
Lot 1.23 ac (53,481 SF)
Zoning code M-1
APN 48-42-30-09-0090
UPID US18-1686893

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
$8.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.14M
Blend (final) Blend
$8.68M

Owner & transaction history

since 2025
Last sale
$6.5M
3 recorded transactions
2025
Price N/A
2021
$6.5M
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 $9.5M +100.4%
Auto repair, garage $8.3M +75.3%
Neighborhood: shopping center $7.4M +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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