Technical
Financial
Distress signals
Property profile

2964 State Rd 7th 7 Margate, FL 33063

OFF-MARKET
Office buildings
Property ID
US18-5577766
46,476 SF 3 ac lot Built 2009
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 2009
Construction CONCRETE
Total area 46,476 SF
Lot 3 ac (130,773 SF)
Zoning code CF-1
APN 48-42-19-26-0030
UPID US18-5577766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2964 State Rd 7th 7 Margate, FL 33063-5715
Margate metro Census 20101 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.06M
Comparable Approach Comparable
$15.10M
Blend (final) Blend
$13.71M

Owner & transaction history

since 2013
1 recorded transaction
2013
$14.2M

Zoning & alternative use

CF-1 · Margate, FL
Zoning description

The community facility district is intended to provide for the orderly development of those educational, cultural, religious, health care, recreational, and governmental facilities required to meet the needs of the commu…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Warehouse, storage $19.5M +30.9%
Medical building $16.3M +9.7%

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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