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Property profile & analytics
OFF-MARKET
Estimated value
$16,290,000
Assisted living facilities
5951 Colonial Dr Margate, FL 33063-5661
Entity Owned
~
Est. High Equity
Property ID
US18-1413813
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
CONCRETE
Total area
41,653 SF
Lot
7.08 ac (308,323 SF)
Zoning code
CF-1
APN
48-41-24-06-0020
UPID
US18-1413813
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.99M
Blend (final)
Blend
$16.29M
Owner & transaction history
Margate Operating Investments LLC
Margate Operating Investments LLC
since 2025
Last sale
$16.9M
3 recorded transactions
Zoning & alternative use
CF-1 · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$25.8M
+78.1%
Commercial (general)
$21.9M
+51.3%
Warehouse, storage
$17.4M
+20.3%
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
$16,680,000
ML approach
$10,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$14,500,000
Current use
INDUSTRIAL (GENERAL)
$25,815,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,930,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,440,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$14,620,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$16.29M
Range $14.66M – $17.92M · ±10% · vs last sale $16.86M (Apr 6 2022)
Last sale anchor
$16.86M
Apr 6 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
$391 / 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
$355,558
Tax year 2023
Assessed value
$14,170,170
Assessed 2023
Previous assessed
$12,922,890
+9.7% YoY
Effective rate
2.51%
On assessed value
Assessed land
$2,296,930
Assessed improvement
$11,873,240
Land market value
$2,296,930
Improvement market value
$11,873,240
Total market value
$14,170,170
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
41,653 SF
Lot
7.08 ac (308,323 SF)
Zoning code
CF-1
APN
48-41-24-06-0020
UPID
US18-1413813
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CF-1 · Margate, FL
Zoning CF-1 · permitted uses
CF-1 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$14.5M
INDUSTRIAL (GENERAL)
Est. value
$25.8M
COMMERCIAL (GENERAL)
Est. value
$21.9M
WAREHOUSE, STORAGE
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$14.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.08 ac
Current owner
From public records · entity-resolved
Margate Operating Investments LLC
Entity
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
—
Margate Operating Investments LLC
Aur Ogc Margate Propco LLC
Deed
$36,500,000 · Greystone Funding Company LLC
Apr 6, 2022
$16,862,885
Aur Ogc Margate Propco LLC
Skyler Pensacola LLC
Special Warranty Deed
$36,500,000 · Popular Bank
Feb 3, 1999
$13,125,000
Skyler Pensacola INC
Beverly Enterprises Florida
Grant 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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