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    For Sale (10)

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    Garage Condominium with Custom Renovations
    $1,225,000
    1,589 SF

    Garage Condominium with Custom Renovations

    Unique garage condominium with custom features and club-like amenities.

    7210 Haverhill Business Pkwy, Riviera Beach, FL 33407
    View details
    Garage Condominium with Custom Features
    $1,150,000
    1,450 SF

    Garage Condominium with Custom Features

    Garage condominium with high-end finishes and exclusive owner's club.

    7210 Haverhill Business Pkwy, Riviera Beach, FL 33407
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    Riviera Beach Double Unit Hangar
    $2,300,000
    3,013 SF

    Riviera Beach Double Unit Hangar

    Rare double unit offering maximum storage and entertainment space.

    7210 Haverhill Business Pkwy, Riviera Beach, FL 33407
    View details
    West Palm Beach Commercial Property
    $33,000,000
    81,992 SF

    West Palm Beach Commercial Property

    81,992 SF commercial property near PBI Airport.

    1050 N Congress Ave, West Palm Beach, FL 33409
    View details
    Delray Beach Retail/Office Building
    $3,000,000
    3,296 SF

    Delray Beach Retail/Office Building

    Retail/Office building in the heart of Delray Beach.

    23 S Swinton Ave, Delray Beach, FL 33444
    View details
    Prime Development Land East I-95
    $2,799,000
    1.25 Acres

    Prime Development Land East I-95

    Large land assemblage in East Broward County, prime development opportunity.

    556 E Hillsboro Blvd, Deerfield Beach, FL 33441
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    Downtown West Palm Beach Office
    $325,000

    Downtown West Palm Beach Office

    Corner office in iconic downtown West Palm Beach landmark.

    120 S Olive Ave, West Palm Beach, FL 33401
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    Premier Hangar Garage Condominium Unit
    Contact for pricing
    1,450 SF

    Premier Hangar Garage Condominium Unit

    Developer's model unit with high-end finishes and exclusive amenities.

    7210 Haverhill Business Pkwy, West Palm Beach, FL 33407
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    Pompano Beach Office Space Available
    Contact for pricing
    13,975 SF

    Pompano Beach Office Space Available

    13,975 SF office space for lease in Pompano Beach.

    555 SW 12Th Ave, Pompano Beach, FL 33064
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    Hangar Double Unit with Mezzanine
    $2,300,000

    Hangar Double Unit with Mezzanine

    Rare double unit with custom features and mezzanine.

    7210 Haverhill Business Pkwy, Riviera Beach, FL 33407
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    For Lease (4)

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    Pompano Beach Office Space Available
    $2,880 / Mo
    51,868 SF

    Pompano Beach Office Space Available

    Office suite for lease in Pompano Beach, Florida.

    555 SW 12Th Ave, Pompano Beach, FL 33069
    View details
    Pompano Beach Commercial Space
    $31,444
    13,975 SF

    Pompano Beach Commercial Space

    13,975 SF available for lease in Pompano Beach.

    555 SW 12Th Ave, Pompano Beach, FL 33069
    View details
    Pompano Beach Office Space Available
    $2,880 / Mo

    Pompano Beach Office Space Available

    Office space for lease in Pompano Beach, Florida.

    555 SW 12Th Ave, Pompano Beach, FL 33069
    View details
    Pompano Beach Office Space Available
    $31,443

    Pompano Beach Office Space Available

    Office space for lease in Pompano Beach, Florida.

    555 SW 12Th Ave, Pompano Beach, FL 33069
    View details

    Leases and Sales on Map

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    Properties for sale

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    Sutter & Nugent, INC.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sutter & Nugent, INC.
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