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Property profile

5431 15th St 5441 Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-3096130
5,440 SF 1.81 ac lot Built 1984
Entity Owned 2-yr Hold Absentee Owner Free & Clear

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.30M
Blend (final) Blend
$4.94M

Owner & transaction history

since 2024
Last sale
$3.7M
4 recorded transactions
2024
$6.0M
2021
$3.7M
2006
$1.8M
2002
$1.3M

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
Top alternative use upside
Restaurant $4.6M +100.4%
Auto repair, garage $4.0M +75.3%
Neighborhood: shopping center $3.6M +56.0%

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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