Property profile

5800 Colonial Dr Ste 403 Margate, FL 33063

OFF-MARKET
Office buildings
Property ID
US19-0837248
1,841 SF Built 1985
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1985
Construction CONCRETE
Total area 1,841 SF
Zoning code CF-1
APN 48-41-24-AD-0020
UPID US19-0837248

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5800 Colonial Dr Ste, Unit 403 Margate, FL 33063-5663
Margate metro Census 20205 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$595k
Comparable Approach Comparable
$539k
Blend (final) Blend
$520k

Owner & transaction history

since 2019
6 recorded transactions
2019
$300,000
2015
$215,000
2013
Price N/A
2009
Price N/A
2006
$250,000
2004
Price N/A

Zoning & alternative use

CF-1 · Margate, FL
Zoning description

The community facility district is intended to provide for the orderly development of those educational, cultural, religious, health care, recreational, and governmental facilities required to meet the needs of the commu…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Warehouse, storage $770,000 +30.9%
Medical building $645,000 +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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