Property profile

6101 Atlantic Blvd Margate, FL 33063

OFF-MARKET
Office buildings
Property ID
US18-0229888
18,513 SF 1.11 ac lot Built 1998
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 826-square-foot office space, located at 6101 W Atlantic Blvd #203 in Margate, Florida, presents a fantastic opportunity for businesses seeking a cost-effective and highly visible location. The property is situated in a high-traffic area, just one block west of 441 and conveniently close to the Florida Turnpike, ensuring excellent accessibility for clients and employees. The space itself boasts a well-designed layout, including a reception area, three private offices, and a shared restroom. Zoned TOC-C, it's ideally suited for medical, beauty, or professional service businesses. The gross monthly lease rate is $2350, plus 3% tax, and includes water, electricity, and trash removal, offering significant value. The building provides 24-hour accessibility, allowing for flexible business operations. Furthermore, the property benefits from prominent building signage and incredible frontage on Atlantic Boulevard, maximizing exposure to potential customers. Flexible lease terms are available, making this an attractive option for businesses of all sizes. The property's address is 6101 W Atlantic Blvd #203, Margate, FL 33063. The building is two stories, and this unit is part of a single-tenant occupancy building. The APN is 484136020060.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1998
Construction CONCRETE
Total area 18,513 SF
Lot 1.11 ac (48,344 SF)
Zoning code TOC-C
APN 48-41-36-02-0060
UPID US18-0229888

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Spa & Massage Center Alternative Medicine Practice
  • Gym & Fitness Center Alternative Medicine Practice
  • Security Service
  • Medical Clinic
  • Telecommunications Service General Contractor

Location

6101 Atlantic Blvd Margate, FL 33063-5186
Margate metro Census 20209 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.70M
Blend (final) Blend
$3.20M

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.7M
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TOC-C · Margate, FL

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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