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Property profile

5451 24th St Margate, FL 33063

OFF-MARKET
Warehouses
Property ID
US18-9953106
1,480 SF 0.03 ac lot Built 2003
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Construction CONCRETE
Total area 1,480 SF
Lot 0.03 ac (1,211 SF)
Zoning code M-1A
APN 48-42-30-32-0010
UPID US18-9953106

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
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2021
Last sale
$340,000
7 recorded transactions
2021
$340,000
2017
Price N/A
2015
Price N/A
2013
Price N/A
2013
Price N/A
2013
Price N/A
2012
$110,000

Zoning & alternative use

M-1A · Margate, FL
Zoning description

The M-1A, industrial park district is intended to provide land for business and industry which expands the economic base of the City Permitted uses are intended to include those businesses and industries primarily involv…

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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