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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Office buildings
5661 29th St Sta A, Margate, FL 33063-1531
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0972286
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Construction
CONCRETE
Total area
12,850 SF
Lot
0.3 ac (12,860 SF)
Zoning code
TOC-C
APN
48-42-19-CN-0010
UPID
US18-0972286
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
$4.42M
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.33M
Owner & transaction history
5661 Nw 29th Street LLC · 6 yrs held
5661 Nw 29th Street LLC
since 2020
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.4M
+30.9%
Medical building
$4.5M
+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
$4,415,000
CAP Approach
CAP Return
Estimation
6%
$4,510,000
6.5%
$4,160,000
7%
$3,865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,110,000
Current use
WAREHOUSE, STORAGE
$5,380,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$4,510,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $2.05M (Feb 28 2020)
Last sale anchor
$2.05M
Feb 28 2020
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
$259 / 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
$46,570
Tax year 2023
Assessed value
$1,927,500
Assessed 2023
Previous assessed
$1,888,960
+2.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$192,750
Assessed improvement
$1,734,750
Land market value
$192,750
Improvement market value
$1,734,750
Total market value
$1,927,500
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Total area
12,850 SF
Lot
0.3 ac (12,860 SF)
Zoning code
TOC-C
APN
48-42-19-CN-0010
UPID
US18-0972286
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
$4.1M
WAREHOUSE, STORAGE
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
Lot
0.3 ac
Current owner
From public records · entity-resolved
5661 Nw 29th Street LLC
Entity
Mailing address
5661 NW 29TH ST, MARGATE, FL 33063-1531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$2,050,000
5661 Nw 29th Street LLC
Kerry Freeman
Warranty Deed
$1,742,500 · First Horizon Bank
Dec 28, 2017
$2,025,000
Freeman,kerry Living Trust
Rojo Property Holdings Two LLC
Grant Deed
$1,400,000 · Centennial Bk
May 1, 2017
—
Rojo Property Holdings Two LLC
—
Deed
related
$900,000 · Benworth Cap Ptrs
Jan 30, 2015
—
Rojo Property Holding Two LLC
Dicapua Joseph J
Warranty Deed
related
—
Nov 4, 2014
$2,035,000
Joseph J Dicapua
Rchd LLC
Grant Deed
—
Oct 5, 2004
$1,850,000
Rchd LLC
Gordon,martin & Mallary
Grant Deed
$1,572,500 · Colonial Bank
—
—
Rojo Property Holdings Two LLC
—
Deed Of Trust
related
$900,000 · Benworth Cap Ptrs
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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