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Property profile

550 State Rd 7th 7 Margate, FL 33063

OFF-MARKET
Office buildings
Property ID
US18-4039135
20,299 SF 1.63 ac lot Built 1983
Entity Owned 20-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction CONCRETE
Total area 20,299 SF
Lot 1.63 ac (71,077 SF)
Zoning code TOC-C
APN 48-41-36-06-0013
UPID US18-4039135

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
by Request
CAP Approach CAP
$6.58M
Comparable Approach Comparable
$4.91M
Blend (final) Blend
$5.02M

Owner & transaction history

since 2006
2 recorded transactions
2017
Price N/A
2006
$26.7M

Zoning & alternative use

TOC-C · Margate, FL
Top alternative use upside
Medical building $7.1M +9.7%

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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