2016 NW 55Th Ave Margate, FL 33063
Property profile & analytics
2016 NW 55Th Ave Margate, FL 33063
- Warehouses
- 27,032 SF
- 5.39 lot acres
Property ID
US19-0599317
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 2016 NW 55Th Ave
- Year built
- 1982
- Construction
- CONCRETE
- Lot size
- 5.39 lot acres
- Property size
- 27,032 SF
- Zone code
- M-1
- Property type
- Warehouses
- APN
- 48-42-30-09-0010
- APU
- 484230090010
Description
The Margate Industrial Warehouse Park offers a diverse range of flexible and warehouse spaces, ideal for various business needs. This multi-tenant property comprises five buildings totaling 120,341 square feet of rentable area, divided into 141 individual units. Currently, 3,600 square feet of contiguous space is immediately available, with the minimum divisible unit size being 852 square feet. The property's location within the M-1a Industrial Park District provides excellent accessibility, situated on Copans Road, less than one mile from US Route 441. This prime location ensures convenient transportation and logistics for businesses of all sizes. The flexible space options cater to a wide array of industrial and commercial uses, making it an attractive opportunity for companies seeking efficient and well-located facilities. The property's layout allows for customization to meet specific business requirements, offering a versatile solution for various operational needs. With its strategic location and adaptable spaces, this industrial park presents a compelling opportunity for businesses seeking a functional and accessible workspace. The available space offers a chance to establish or expand operations in a thriving industrial area with convenient access to major transportation routes.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,905,000
- 6.5%
- $5,450,000
- 7%
- $5,060,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,399,000
Market price range: $2.85M - $7.40M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $11,315,000 Current use
- INDUSTRIAL (GENERAL)
- $12,420,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $9,485,000 Change: -16% Conversion: Difficult
- RETAIL STORES
- $9,450,000 Change: -17% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.1984
- Latitude
- 26.2535
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$189,566
$1,642,940
$7,425,860
$9,068,800
-
$1,642,940
$7,425,860
$9,068,800
