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    2501 State Rd 7th, Unit 2531 Margate, FL 33063-5721
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    Property profile & analytics

    2501 State Rd 7th, Unit 2531, Margate, FL 33063-5721

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    • Investment properties
    • 26,520 SF
    • 1.41 lot acres
    Off-Market
    Property ID
    US18-9465783
    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.
    Value Estimations
    $5,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2501 State Rd 7th

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    1.41 lot acres
    Zone code
    TOC-C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    48-41-24-01-0020
    APU
    484124010020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2017 $2,600,000 Atlas Florida Properties LLC Bj & S Properties LLC Warranty Deed $1.2M · Valley Nat'l Bk
    Jul 2, 2008 $2,000,000 Bj & S Properties LLC Munguia Gustavo Warranty Deed —
    — — Bj & S Properties LLC — Loan Modification · related $290k · Sela Investments LLC
    — — Bj & S Properties LLC — Loan Modification · related $385k · Ben-joseph R & R L (te)
    — — Bj & S Properties LLC — Loan Modification · related $250k · Martha Munguia
    — — B J & S Properties LLC — Deed Of Trust · related $500k · Martha Munguia
    — — Bj & S Properties LLC — Deed Of Trust · related $85k · Rafael & Rachel Ben-joseph
    — — Jessica L Morgan — Deed Of Trust · related $25k · Bank Of America
    — — Bj & S Properties LLC — Deed Of Trust · related $333k · Martha Munguia
    — — Bj & S Properties LLC — Deed Of Trust · related $170k · Sela Investments LLC

    Description

    This thriving convenience store, located at 2501 N State Road 7 in Margate, Florida (zip code 33063), presents a unique investment opportunity. Built in 1974, this established business boasts a loyal customer base and consistent foot traffic due to its prime location within a mixed residential and commercial area. The property includes land and a retail building, offering a diverse customer base of both local residents and tourists. Financial records demonstrate consistent revenue and profitability. The sale includes all existing equipment and staffing. Importantly, the sale also includes valuable licenses for beer, wine, tobacco, and lottery sales, adding significant revenue streams. This "one-stop shop" caters to the local community with a wide variety of products, ensuring continued success. The asking price for this turnkey operation is $90,000. This is a rare opportunity to acquire a profitable, established business in a desirable location. The property is situated in Broward County and benefits from high visibility and a steady stream of customers. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,100,000
      6.5%
      $5,630,000
      7%
      $5,230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,378,000
      Market price range: $1.70M - $15.4M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.2021
    Latitude
    26.2591
    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
    $63,035
    $737,580
    $1,763,200
    $2,500,780
    -
    $737,580
    $1,763,200
    $2,500,780

    Comparable in this City

    • Value Estimation
      $2,660,000
      9,327 SF

      1303 State Rd 7th 7

      STORE/OFFICE (MIXED USE)
      1303 State Rd 7th 7, Margate, FL 33063-2894
      View Details
    • Value Estimation
      $15,015,000
      55,892 SF

      1101 Banks Rd, Unit 1153

      STORE/OFFICE (MIXED USE)
      1101 Banks Rd, Margate, FL 33063-6702
      View Details
    • Value Estimation
      $2,100,000
      7,632 SF

      6100 Atlantic Blvd

      STORE/OFFICE (MIXED USE)
      6100 Atlantic Blvd, Margate, FL 33063-5134
      View Details
    • Value Estimation
      $3,020,000
      11,922 SF

      101 State Rd 7th Ste, Unit 123

      STORE/OFFICE (MIXED USE)
      101 State Rd 7th Ste, Margate, FL 33063-4589
      View Details
    • Value Estimation
      $830,000
      1,930 SF

      311 State Rd 7th 7

      STORE/OFFICE (MIXED USE)
      311 State Rd 7th 7, Margate, FL 33063-4558
      View Details
    • Value Estimation
      $2,875,000
      11,232 SF

      2001 State Rd 7th 7

      STORES & APARTMENTS
      2001 State Rd 7th 7, Margate, FL 33063-5745
      View Details

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      Prime Margate Liquor Store Opportunity

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      Prime Margate location, 4,500 sq ft, lease/buy.
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      View Details

    Similar Nearby for Lease

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      234,706 SF

      Margate Mixed-Use Warehouse Opportunity

      Mixed-use warehouse with office and storage space available for sublease.
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      View Details
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      Trizek Village Plaza: Margate Retail Spaces

      Prime Margate retail spaces available. High-traffic location.
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      View Details
    • $25 SF/Yr

      Retail Space on Rock Island

      Ground floor retail space with signage rights available for lease.
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    • Contact for pricing
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      Multi-tenant flex space in Margate Industrial Warehouse Park.
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      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in High-Traffic Center

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      View Details
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    Margate, FL 33063-5721
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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