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Property profile & analytics
OFF-MARKET
Estimated value
$4,025,000
Retail space
950 State Rd 7th 1000 Margate, FL 33068-2808
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4643048
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE
Total area
21,156 SF
Lot
2.97 ac (129,199 SF)
Zoning code
TOC-C
APN
49-42-06-20-1020
UPID
US18-4643048
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
Sun Plaza LLC · 9 yrs held
Sun Plaza LLC
since 2017
7 recorded transactions
Zoning & alternative use
TOC-C · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,310,000
Current use
Blend value · Realmo final
$4.03M
Range $3.62M – $4.43M · ±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
$190 / 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
Assessed value
$4,193,040
Assessed 2023
Previous assessed
$3,783,950
+10.8% YoY
Assessed land
$1,065,890
Assessed improvement
$3,127,150
Land market value
$1,065,890
Improvement market value
$3,127,150
Total market value
$4,193,040
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
21,156 SF
Lot
2.97 ac (129,199 SF)
Zoning code
TOC-C
APN
49-42-06-20-1020
UPID
US18-4643048
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-C · Margate, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.3M
RETAIL STORES Current
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Sun Plaza LLC
Entity
Mailing address
2750 W OAKLAND PARK BLVD E STE E, OAKLAND PARK, FL 33311-1310
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2017
$3,800,000
Sun Plaza LLC
950 Properties LLC
Warranty Deed
$4,342,640 · Banco Popular
Jul 30, 2014
$2,650,000
950 Properties LLC
Sunflower LLC
Special Warranty Deed
$1,855,000 · Banco Popular North America
Jun 4, 2012
$1,584,000
Sunflower LLC
Alameda Properties LLC
Deed In Lieu Of Foreclosure
related
—
Sep 17, 2002
$2,100,000
Alameda Properties LLC
Kineret LLC
Grant Deed
$1,575,000 · First National Bank South Fl
Sep 25, 2000
$1,200,000
Kineret LLC
Sun Plaza Of Margate Ltd
Grant Deed
$950,000 · Commercial Bank Florida
—
—
Alameda Properties LLC
—
Deed Of Trust
related
$2,400,000 · Mercantile Commerce Bank
—
—
Alameda Properties LLC
—
Deed Of Trust
related
$100,000 · First National Bank South Fl
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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