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Property profile

1901 Banks Rd 1903 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-0349546
4,272 SF 0.1 ac lot Built 2007
Entity Owned 9-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2007
Construction CONCRETE
Total area 4,272 SF
Lot 0.1 ac (4,165 SF)
Zoning code M-1A
APN 48-42-30-33-0770
UPID US18-0349546

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
$420k
CAP Approach CAP
$485k
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2017
6 recorded transactions
2017
$500,000
2017
$500,000
2009
Price N/A
2007
$1.1M
2007
$478,000
1969
Price N/A

Zoning & alternative use

M-1A · Margate, FL
Zoning description

The M-1A, industrial park district is intended to provide land for business and industry which expands the economic base of the City Permitted uses are intended to include those businesses and industries primarily involv…

General category INDUSTRIAL

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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