1101 Banks RdMargate, FL 33063

Property Details for 1101 Banks Rd

Year built

1986

Construction

CONCRETE

Lot size

6.40 AC

Property size (Sq ft)

55,892 SF

Zone code

TOC-C

Property type

Investment properties

Property subtype

Retail residential properties

APN

48-42-31-19-0010

APU

484231190010

Description

Paramount Plaza, a single-story Class B building totaling 56,000 square feet, presents a compelling investment opportunity in Margate, Florida. Located at 1101 Banks Rd, at the high-traffic intersection of Banks Road and Coconut Creek Parkway, this multi-tenant property benefits from exceptional visibility and accessibility. Built in 1986, the building offers a mix of medical and traditional office spaces, currently featuring three available suites ranging from 1,280 to 1,630 square feet. The property's strategic location is further enhanced by its proximity to key establishments, including the Department of Motor Vehicles, a newly opened Dollar Tree, and SunEd Charter High School, ensuring a consistent flow of potential customers and employees. This prime location within the Pompano submarket, in the West Broward cluster, offers excellent potential for businesses seeking a visible and convenient presence in a thriving area. The property's classification as both retail and office space provides versatility for a range of potential tenants. The address is 1101 Banks Rd, Margate, FL 33063.

• CAP approach

  CAP return

  Valuation

  6%

  $20,604,930

  6.5%

  $19,019,936

  7%

  $17,661,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,593,002

  Geo Method

  $25,593,002

• Alternative Use

  Use

  Valuation

  Residential

  $19,019,936

  Hospitality

  $17,422,158

  Educational

  $14,495,032

  Medical

  $14,993,538

  Retail

  $22,547,828

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2435

Longitude

-80.1954

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].