100 State Road 7Margate, FL 33063

Property Details for 100 State Road 7

Year built

2007

Construction

CONCRETE

Property size (Sq ft)

800 SF

Zone code

TOC-C

Property type

Office buildings

APN

48-41-36-AE-0060

APU

484136AE0060

Description

This exceptional commercial property, located at 100 N State Road 7 #203A in Margate, Florida, presents a fantastic opportunity for businesses seeking a versatile and well-appointed office space. The 1.6-acre lot offers ample parking and visibility from a high-traffic location in the heart of Margate. The interior boasts approximately [Square footage - information not provided] of flexible workspace, featuring two private offices ideal for executive suites or individual departments. Multiple built-in cubicles provide ample space for open work areas, fostering collaboration and efficiency. The adaptable layout allows for easy reconfiguration to suit specific business needs, as all interior walls are partitions and can be easily moved or removed. The property benefits from convenient elevator access, ensuring easy movement throughout the building. Furthermore, the air conditioning system is brand new, installed in 2024, guaranteeing a comfortable and productive work environment. This property is perfect for a variety of businesses seeking a modern, adaptable, and conveniently located office space in a thriving area. The asking price is $230,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $237,843

  6.5%

  $219,547

  7%

  $203,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $236,336

  Geo Method

  $236,336

• Alternative Use

  Use

  Valuation

  Residential

  $272,238

  Hospitality

  $249,369

  Educational

  $207,472

  Medical

  $214,607

  Retail

  $322,734

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2311

Longitude

-80.204

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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