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Property profile & analytics
OFF-MARKET
Estimated value
$18,770,000
Warehouses
750 State Rd 7th 780, Margate, FL 33068-2815
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7409615
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Total area
69,800 SF
Lot
1.77 ac (77,308 SF)
Zoning code
TOC-C
APN
49-42-06-18-0934
UPID
US18-7409615
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
$12.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.64M
Blend (final)
Blend
$18.77M
Owner & transaction history
Extra Space Of Margate LLC · 4 yrs held
Extra Space Of Margate LLC
since 2021
Last sale
$22.1M
7 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$27.8M
+29.2%
Medical building
$24.5M
+14.0%
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
$12,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,495,000
Current use
OFFICE BUILDING
$27,760,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$24,495,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$18.77M
Range $16.89M – $20.65M · ±10% · vs last sale $22.10M (Oct 11 2021)
Last sale anchor
$22.10M
Oct 11 2021
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
$269 / 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
$374,992
Tax year 2023
Assessed value
$19,482,000
Assessed 2023
Previous assessed
$19,482,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,082,310
Assessed improvement
$18,399,690
Land market value
$1,082,310
Improvement market value
$18,399,690
Total market value
$19,482,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
3
Stories
5
Total area
69,800 SF
Lot
1.77 ac (77,308 SF)
Zoning code
TOC-C
APN
49-42-06-18-0934
UPID
US18-7409615
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
WAREHOUSE, STORAGE Current
Est. value
$21.5M
OFFICE BUILDING
Est. value
$27.8M
MEDICAL BUILDING
Est. value
$24.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2020
Heating
NONE
Stories
5
Buildings
3
Lot
1.77 ac
Current owner
From public records · entity-resolved
Extra Space Of Margate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2795 E COTTONWOOD PKWY STE #300, SALT LAKE CITY, UT 84121-6928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2021
$22,100,000
Extra Space Of Margate LLC
Ip Nuvo Margate LLC
Special Warranty Deed
—
Oct 30, 2020
—
Ip Nuvo Margate LLC
—
Deed
related
$8,491,545 · Access Bk
Aug 23, 2019
—
Ip Nuvo Margate LLC
—
Loan Modification
related
$6,898,223 · Access Bk
Oct 19, 2017
—
Ip Nuvo Margate LLC
—
Grant Deed
related
$5,784,322 · Access Bk
May 30, 2012
$1,600
Tiger Investment Group INC
R E Holdings Group LLC Coc
Trustees Deed
related
—
Mar 3, 2003
$730,000
Yellow Park Of Margate LLC
First American Capital Liquida
Grant Deed
—
Oct 4, 2001
—
First American Capital Liquid
Vasso INC
Quit Claim Deed
related
—
Feb 9, 1998
$375,000
Vasso INC
Lazaro,spiro & Wendy
Quit Claim Deed
related
—
—
—
Ip Nuvo Margate LLC
—
Loan Modification
related
$8,491,545 · Access Bk
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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