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Property profile & analytics
OFF-MARKET
Estimated value
$31,120,000
Community centers
7210 Atlantic Blvd 7388 Margate, FL 33063-4236
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2119303
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1981
Construction
CONCRETE
Total area
84,924 SF
Lot
12.6 ac (548,746 SF)
Zoning code
B-2
APN
48-41-35-04-3373
UPID
US18-2119303
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
by Request
CAP Approach
CAP
$34.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.12M
Owner & transaction history
Publix Super Markets INC · 10 yrs held
Publix Super Markets INC
since 2016
5 recorded transactions
Zoning & alternative use
B-2 · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2 community business district is intended to provide a full range of office, retail and service uses, The location of this district may be along major and minor arterials in close proximity to residential districts The permitted uses are relatively free of objectionable influences in their operation and appearance and exclude heavy commercial uses
Zone name
Community Business
General category
COMMERCIAL
Zone area
49.36 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$36,840,000
6.5%
$34,005,000
7%
$31,575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$44,715,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$31.12M
Range $28.01M – $34.23M · ±10%
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
$366 / 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
$580,925
Tax year 2023
Assessed value
$25,719,420
Assessed 2023
Previous assessed
$25,719,420
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$5,624,650
Assessed improvement
$20,094,770
Land market value
$5,624,650
Improvement market value
$20,094,770
Total market value
$25,719,420
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
84,924 SF
Lot
12.6 ac (548,746 SF)
Zoning code
B-2
APN
48-41-35-04-3373
UPID
US18-2119303
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Margate, FLZoning B-2 · permitted uses
B-2 · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2 community business district is intended to provide a full range of office, retail and service uses, The location of this district may be along major and minor arterials in close proximity to residential districts The permitted uses are relatively free of objectionable influences in their operation and appearance and exclude heavy commercial uses
Zone name
Community Business
General category
COMMERCIAL
Zone area
49.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$44.7M
COMMERCIAL (GENERAL)
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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
12.6 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2016
$28,150,000
Publix Super Markets INC
Stockbridge Palm Lakes Plaza L
Grant Deed
—
Feb 19, 2013
—
Palm Lakes Plaza L Stockbridge
—
Trustees Deed
related
$14,500,000 · Bank Of America
Feb 1, 2013
$15,100,000
Palm Lakes Plaza L Stockbridge
Wri-tc Palm Lakes Plaza LLC
Grant Deed
—
Oct 2, 2006
$24,414,000
Wri-tc Palm Lakes Plaza LLC
Woolbright Palm Lakes Ltd
Grant Deed
—
May 28, 2004
$7,680,000
Palm Lakes Woolbright
Pickering,cavan
Grant Deed
$9,900,000 · Rbc Centura Bank
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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