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Property profile

1901 Mears Pkwy 1923 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-1739677
24,092 SF 2.41 ac lot Built 1979
Entity Owned 2-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional Margate, Florida warehouse property, known as Central Broward Business Park, offers a prime opportunity for businesses seeking flexible industrial space. Located at 1901 Mears Pkwy, 33063, in Broward County, this M-1 Light Industrial District zoned property boasts a total of 8,000 square feet of vacant space currently available for lease. The building features three suites, with options ranging from 2,000 to 4,000 contiguous square feet, catering to diverse business needs. The warehouse spaces benefit from a generous 24-foot ceiling height, providing ample vertical storage capacity. Convenient rear, grade-level oversized loading doors ensure efficient material handling. Parking is abundant, with a 5.0 spaces per 1,000 square feet ratio. The property underwent renovations in 2024, ensuring modern and functional facilities. The property's APN is 48-42-30-01-0087. This location provides easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics. The lease rate is $19.95 per square foot, NNN, plus $7.91 per square foot for operating expenses. Don't miss this chance to secure your ideal warehouse space in a thriving industrial area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction CONCRETE
Total area 24,092 SF
Lot 2.41 ac (105,130 SF)
Zoning code M-1
APN 48-42-30-01-0086
UPID US18-1739677

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
$11.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.48M
Blend (final) Blend
$11.00M

Owner & transaction history

since 2024
Last sale
$11.0M
6 recorded transactions
2026
Price N/A
2024
Price N/A
2024
$11.0M
2018
$4.5M
2017
Price N/A
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
Auto repair, garage $17.7M +75.3%
Neighborhood: shopping center $15.7M +56.0%
Industrial (general) $14.9M +48.0%

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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