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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Distribution centers
5415 15th St Ste 9 Margate, FL 33063-3712
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1687460
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-0090
UPID
US18-1687460
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Rl Scholz Fl LLC · 2 yrs held
Rl Scholz Fl LLC
since 2024
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
M-1 · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+75.3%
Neighborhood: shopping center
$675,000
+56.0%
Commercial (general)
$540,000
+25.8%
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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$540,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Apr 25 2024)
Last sale anchor
$625k
Apr 25 2024
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
$607 / 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
$3,059
Tax year 2023
Assessed value
$124,110
Assessed 2023
Previous assessed
$124,110
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$12,410
Assessed improvement
$111,700
Land market value
$12,410
Improvement market value
$111,700
Total market value
$124,110
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
1,030 SF
Lot
0.02 ac (1,051 SF)
Zoning code
M-1
APN
48-42-30-BD-0090
UPID
US18-1687460
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Rl Scholz Fl LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1212 SE 10TH TER, DEERFIELD BEACH, FL 33441-7013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 25, 2024
$625,000
Rl Scholz Fl LLC
Andrea Sanders
Warranty Deed
—
Oct 23, 2000
$131,000
Andrea Sanders
Ancell,maria-stella
Grant Deed
—
Jan 5, 1995
$75,000
Harlan K|rosenberg Sidney Schleifer
Owner Name Unavailable
Warranty Deed
related
$50,000 · Universal Nat'l Bk
—
—
Andrea Sanders
—
Loan Modification
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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