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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Drive through restaurants
2980 State Rd 7th 2990 Margate, FL 33063-5730
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7519307
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Construction
CONCRETE
Total area
2,744 SF
Lot
1.06 ac (46,341 SF)
Zoning code
TOC-C
APN
48-42-19-06-0011
UPID
US18-7519307
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$540k
Owner & transaction history
Hauppauge Margate Holdings LLC · 4 yrs held
Hauppauge Margate Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$197 / 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
$69,648
Tax year 2023
Assessed value
$3,253,980
Assessed 2023
Previous assessed
$2,955,900
+10.1% YoY
Effective rate
2.14%
On assessed value
Assessed land
$926,820
Assessed improvement
$2,327,160
Land market value
$926,820
Improvement market value
$2,327,160
Total market value
$3,253,980
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
2,744 SF
Lot
1.06 ac (46,341 SF)
Zoning code
TOC-C
APN
48-42-19-06-0011
UPID
US18-7519307
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FLZoning 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
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Hauppauge Margate Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
941 CLINT MOORE RDA, BOCA RATON, FL 33487-2802
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Hauppauge Margate Holdings LLC
Hauppauge Route III Associates LLC
Warranty Deed
—
Sep 3, 2020
—
Hauppauge Route 111 Assocs LLC
—
Deed
related
$1,367,000 · Legacy Bk/fl
May 24, 2017
—
Hauppauge Route 111 Assocs LLC
—
Deed Of Trust
related
$1,367,000 · Legacy Bk/fl
Dec 21, 2015
$1,300,000
Hauppauge Route 111 Assocs LLC
Britom LLC
Grant Deed
—
May 11, 2007
$563,300
Britom LLC
Coral Gate Corner Ltd
Grant Deed
—
Sep 16, 1997
$215,000
Aep Dade Limited
Coolidge-margate Asset LP
Grant Deed
—
—
—
Hauppauge Route 111 Assocs LLC
—
Loan Modification
related
$1,367,000 · Legacy Bk/fl
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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