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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Office buildings
2155 State Rd 7th 7, Margate, FL 33063-5713
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3426721
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Construction
CONCRETE
Total area
8,729 SF
Lot
0.5 ac (21,989 SF)
Zoning code
TOC-C
APN
48-41-25-08-0314
UPID
US18-3426721
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
$3.60M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$3.80M
Owner & transaction history
Working Nurses Real Estate Holdings · 3 yrs held
Working Nurses Real Estate Holdings
since 2022
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+104.2%
Industrial (general)
$5.4M
+93.8%
Commercial (general)
$4.6M
+64.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Margate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Margate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,760,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$3,065,000
6.5%
$2,825,000
7%
$2,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,700,000
Change: +104% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,410,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,595,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$3,655,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$3,065,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±10% · vs last sale $3.80M (Oct 20 2022)
Last sale anchor
$3.80M
Oct 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$435 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$66,126
Tax year 2023
Assessed value
$2,883,470
Assessed 2023
Previous assessed
$1,233,060
+133.8% YoY
Effective rate
2.29%
On assessed value
Assessed land
$263,870
Assessed improvement
$2,619,600
Land market value
$263,870
Improvement market value
$2,619,600
Total market value
$2,883,470
Applied tax rate
1,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
8,729 SF
Lot
0.5 ac (21,989 SF)
Zoning code
TOC-C
APN
48-41-25-08-0314
UPID
US18-3426721
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FL
Zoning TOC-C · permitted uses
TOC-C · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Margate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Working Nurses Real Estate Holdings
Entity
Mailing address
2155 N STATE RD 7TH 7, MARGATE, FL 33063-5713
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
—
Versatile Works Holdings LLC
—
Deed
related
$5,000,000 · Newtek Business Services Holdco 6 INC
Nov 7, 2023
—
Working Nurses Real Estate Holdings
—
Deed
related
$2,700,000 · Yieldi LLC
Oct 20, 2022
$3,800,000
Working Nurses Real Estate Holdings
Line One Holdings LLC
Warranty Deed
$3,230,000 · Truist Bank
Oct 5, 2017
$1,300,000
Insurance Line One Holdings Ll
Stevens,walter A
Warranty Deed
related
$1,000,000 · Anthony V JR Perosi
Aug 30, 2005
—
Stevens Walter A Trust
Stevens,walter A
Quit Claim Deed
related
—
—
—
Walter A Stevens
—
Deed Of Trust
related
$237,700 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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