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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Warehouses
5628 8th St, Margate, FL 33063-4519
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0364973
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
CONCRETE
Total area
7,164 SF
Lot
0.31 ac (13,498 SF)
Zoning code
TOC-CC
APN
48-41-36-06-0530
UPID
US19-0364973
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
$1.13M
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.22M
Owner & transaction history
Margate Paint Shop LLC · 3 yrs held
Margate Paint Shop LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
TOC-CC · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,155,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.24M (Nov 9 2022)
Last sale anchor
$1.24M
Nov 9 2022
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
$170 / 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
$22,240
Tax year 2023
Assessed value
$1,181,820
Assessed 2023
Previous assessed
$1,181,820
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$94,490
Assessed improvement
$1,087,330
Land market value
$94,490
Improvement market value
$1,087,330
Total market value
$1,181,820
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
7,164 SF
Lot
0.31 ac (13,498 SF)
Zoning code
TOC-CC
APN
48-41-36-06-0530
UPID
US19-0364973
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-CC · Margate, FL
Zoning TOC-CC · permitted uses
TOC-CC · 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.
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Margate Paint Shop LLC
Entity
Mailing address
531 N OCEAN BLVD APT #201, POMPANO BEACH, FL 33062-4611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 9, 2022
$1,236,000
Margate Paint Shop LLC
Canyon Five LLC
Warranty Deed
$600,000 · Canyon Five LLC
Jun 2, 2021
—
Canyon Five LLC
—
Deed
related
$490,000 · South State Bank National Association
Mar 17, 2003
$450,000
Solar Building #2 LLC
Minutillo,michael & Harriet
Grant Deed
—
Jan 2, 1997
$275,000
Michael Minutillo
Ames Trust
Grant Deed
$105,365 · Ames Trust
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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