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Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Office buildings
550 State Rd 7th 7, Margate, FL 33063-4563
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4039135
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
Implied cap rate, NOI & suggested price
Cap 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
Mb Margate Lakewood I LLC · 20 yrs held
Mb Margate Lakewood I LLC
since 2006
2 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+9.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,125,000
6.5%
$6,575,000
7%
$6,105,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,490,000
Current use
MEDICAL BUILDING
$7,125,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±10%
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
$247 / 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
$69,055
Tax year 2023
Assessed value
$2,852,870
Assessed 2023
Previous assessed
$2,852,830
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,421,540
Assessed improvement
$1,431,330
Land market value
$1,421,540
Improvement market value
$1,431,330
Total market value
$2,852,870
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
4
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
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FL
Zoning TOC-C · permitted uses
TOC-C · 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
OFFICE BUILDING Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Mb Margate Lakewood I LLC
Entity
Free & Clear · 20 yrs held
Mailing address
101 N TRYON ST, CHARLOTTE, NC 28246-0100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
Lakewood Retail LLC
—
Loan Modification
related
$9,872,830 · Regions Bk
Feb 3, 2006
$26,690,000
Mb Margate Lakewood I LLC
Lakewood Associates Ltd
Warranty Deed
—
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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