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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Warehouses
5431 15th St 5441, Margate, FL 33063-3772
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3096130
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
CONCRETE
Total area
5,440 SF
Lot
1.81 ac (78,633 SF)
Zoning code
M-1
APN
48-42-30-04-0040
UPID
US18-3096130
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
$4.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.67M
Owner & transaction history
Margate Warehouses LLC · 2 yrs held
Margate Warehouses LLC
since 2024
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
M-1 · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+100.4%
Auto repair, garage
$4.0M
+75.3%
Neighborhood: shopping center
$3.6M
+56.0%
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
$4,940,000
ML approach
$4,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,280,000
Current use
RESTAURANT
$4,565,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,995,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,555,000
Change: +56% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,370,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,865,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10% · vs last sale $3.70M (Jun 30 2021)
Last sale anchor
$3.70M
Jun 30 2021
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
$674 / 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
$83,457
Tax year 2023
Assessed value
$3,886,480
Assessed 2023
Previous assessed
$3,327,120
+16.8% YoY
Effective rate
2.15%
On assessed value
Assessed land
$550,430
Assessed improvement
$3,336,050
Land market value
$550,430
Improvement market value
$3,336,050
Total market value
$3,886,480
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
5,440 SF
Lot
1.81 ac (78,633 SF)
Zoning code
M-1
APN
48-42-30-04-0040
UPID
US18-3096130
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
$2.3M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.81 ac
Current owner
From public records · entity-resolved
Margate Warehouses LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5440 NW 33RD AVE STE #109, FORT LAUDERDALE, FL 33309-6333
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
Mar 28, 2024
$6,000,000
Margate Warehouses LLC
Margate Industrial LLC
Warranty Deed
—
Jun 30, 2021
$3,700,000
Margate Industrial LLC
Jorlex LLC
Warranty Deed
$2,607,500 · Vast Bank NA
Mar 29, 2006
$1,800,000
Jorlex LLC
Briarcliff Investments INC
Warranty Deed
$700,000 · Bank Of Florida
Aug 6, 2002
$1,305,000
Briarcliff Investment INC
Lopash Investment Corp
Grant Deed
$978,000 · Southtrust Bank NA
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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