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Property profile

2120 Mears Pkwy 2178 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-0769998
17,433 SF 1.41 ac lot Built 1979
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction CONCRETE
Total area 17,433 SF
Lot 1.41 ac (61,628 SF)
Zoning code TOC-C
APN 48-42-30-01-0083
UPID US18-0769998

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
$8.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.46M
Blend (final) Blend
$10.16M

Owner & transaction history

since 2022
Last sale
$10.9M
5 recorded transactions
2022
$10.9M
2002
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TOC-C · Margate, FL
Top alternative use upside
Restaurant $14.6M +100.4%
Auto repair, garage $12.8M +75.3%
Neighborhood: shopping center $11.4M +56.0%

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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