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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Auto shops
5355 24th St Margate, FL 33063-7766
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2655661
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1997
Construction
CONCRETE
Total area
40,609 SF
Lot
13.56 ac (590,806 SF)
Zoning code
M-1
APN
48-42-19-28-0010
UPID
US18-2655661
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Fr 5355 Nw 24 Street LLC · 6 yrs held
Fr 5355 Nw 24 Street LLC
since 2020
4 recorded transactions
Zoning & alternative use
M-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / 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
$140,114
Tax year 2023
Assessed value
$5,772,860
Assessed 2023
Previous assessed
$5,772,860
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$3,059,550
Assessed improvement
$2,713,310
Land market value
$3,059,550
Improvement market value
$2,713,310
Total market value
$5,772,860
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
40,609 SF
Lot
13.56 ac (590,806 SF)
Zoning code
M-1
APN
48-42-19-28-0010
UPID
US18-2655661
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Margate, FL
Zoning M-1 · permitted uses
M-1 · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
13.56 ac
Current owner
From public records · entity-resolved
Fr 5355 Nw 24 Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5401 W COPANS RD, MARGATE, FL 33063-7739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2020
$8,600,000
Fr 5355 Nw 24 Street LLC
Mullinax Ford South INC
Correction Deed
—
Apr 10, 2020
—
Fr 5355 Northwest 24 Stret LLC
Mullinax Ford South INC
Re-recorded Document
related
—
Dec 17, 2019
$8,600,000
Fr 5355 Nw 24 Treet T LLC
Mullinax Ford South INC
Grant Deed
—
Jul 2, 2015
$1,500,100
Appleby Real Estate Holdings L
Mullinax Ford South INC
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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