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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
1901 Banks Rd 1903, Margate, FL 33063-7713
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0349546
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
Implied cap rate, NOI & suggested price
Cap 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
$575k
Owner & transaction history
Robmar Restoration Holdings Ll · 9 yrs held
Robmar Restoration Holdings Ll
since 2017
6 recorded transactions
Zoning & alternative use
M-1A · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$135 / 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
$14,541
Tax year 2023
Assessed value
$723,510
Assessed 2023
Previous assessed
$577,320
+25.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$83,300
Assessed improvement
$640,210
Land market value
$83,300
Improvement market value
$640,210
Total market value
$723,510
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
1
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
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.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Robmar Restoration Holdings Ll
Entity
Mailing address
1901 BANKS RD, MARGATE, FL 33063-7713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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 8, 2017
$500,000
Robmar Restoration Holdings Ll
Clatsoff,carole J & W Adam
Grant Deed
related
—
Jan 24, 2017
$500,000
Robmar Restoratio N Holdings LLC
Carole J Catsoff
Warranty Deed
$200,000 · Anthony Ard Md Pa Psp/tr (ct)
Oct 6, 2009
—
Clatsoff Carole J Living Trust
Clatsoff,w Adam & Carole J
Quit Claim Deed
related
—
Nov 5, 2007
$1,127,200
W Adam Clatsoff
Doucette,nicholas
Warranty Deed
$901,722 · Regions Bank
Jun 26, 2007
$478,000
Nicholas Douchette
Banks Business Park LLC
Special Warranty Deed
—
—
—
Nicholas Doucette
—
Deed Of Trust
related
$50,000 · Stonegate Bank
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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