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Property profile

1923 Banks Rd Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-2537650
2,136 SF 0.05 ac lot Built 2007
Entity Owned 4-yr Hold Free & Clear

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2007
Construction CONCRETE
Total area 2,136 SF
Lot 0.05 ac (2,150 SF)
Zoning code M-1A
APN 48-42-30-33-0880
UPID US18-2537650

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
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2021
Last sale
$380,000
6 recorded transactions
2021
$40,500
2021
$380,000
2018
$320,000
2015
$240,000
2008
Price N/A
2007
$255,000

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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