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    FOR LEASE
    Warehouses

    2016 NW 55Th Ave, Margate, FL 33063

    27,032 SF 5.39 ac lot Built 1982
    Entity Owned 22-yr Hold Absentee Owner Free & Clear
    Property ID
    US19-0599317
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1982
    Construction CONCRETE
    Total area 27,032 SF
    Lot 5.39 ac (234,705 SF)
    Zoning code M-1
    APN 48-42-30-09-0010
    UPID US19-0599317
    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
    by Request
    CAP Approach CAP
    $5.45M
    Comparable Approach Comparable
    $7.40M
    Blend (final) Blend
    $7.69M
    Owner & transaction history
    Tennis Partners INC · 22 yrs held
    Tennis Partners INC
    since 2003
    3 recorded transactions
    2017
    2003
    $7.1M
    1969
    Zoning & alternative use
    M-1 · Margate, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $12.4M +9.8%
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    More about this property
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