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Property profile

5415 15th St Ste 1 Margate, FL 33063

OFF-MARKET
Distribution centers
Property ID
US18-4952915
1,030 SF 0.02 ac lot Built 1985
Entity Owned 8-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional mixed-use property, located at 5415 NW 15th St Unit 16, Margate, FL, presents a unique investment opportunity. Boasting 1,030 square feet of versatile space on a 0.02-acre lot, this property is ideal for a variety of businesses. The interior features a generous layout, perfect for both storage and operational needs. A key highlight is the inclusion of a roll-up door equipped with an electric motor, ensuring convenient loading and unloading of goods. The high ceilings, measuring 17 feet, provide ample vertical space, maximizing storage capacity and creating a sense of openness. The property's strategic location in Margate offers easy access to North State Road 7, providing excellent connectivity to major transportation routes and enhancing its overall accessibility. This flex-space design allows for adaptable use, catering to a wide range of commercial ventures. The asking price for this well-situated and functional property is $345,000. This represents a compelling opportunity to acquire a versatile commercial space in a thriving location. Don't miss out on this chance to own a piece of Margate's commercial landscape.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1985
Construction CONCRETE
Total area 1,030 SF
Lot 0.02 ac (1,051 SF)
Zoning code M-1
APN 48-42-30-BD-0010
UPID US18-4952915

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2017
5 recorded transactions
2018
Price N/A
2017
Price N/A
2015
$350,000
2012
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · Margate, FL
Zoning description

The M-1 light industrial district is intended to provide for light manufacturing and heavy commercial uses for large corporations as well as small entrepreneurs in multitenant warehouse space

General category INDUSTRIAL

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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