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    1020 N Riverside Dr Pompano Beach, FL 33062

    For Lease
    $5,995,000

    Resident. Multi-Fam. - Pompano Beach, FL

    Property size:
    10,642 SF
    Lot size:
    0.58 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 1020 N Riverside Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-20
    APN
    484330010670
    Size
    10,642 SF
    Lot size
    0.58 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Other (Heating)
    Cooling system
    Central Air, Electric, Other (Cooling)

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    28
    Flooring type
    Tile, Vinyl
    Roof type
    Shingle
    Architectural style
    Other

    Compass Florida, LLC (561) 286-5166 [email protected]

    Listing agent Sean Mooney (561) 285-4283

    Listing date Nov 13, 2025

    MLS# RX-11140438 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pompano Beach Multifamily Investment Opportunity

    This 28-unit multifamily property is located in Pompano Beach, Florida, steps from the beach. The property is approximately 75% leased and in the process of being fully stabilized. The property is projected to gross $50,000 per month in rental income with an NOI approaching $425,000 annually at full occupancy. The property is located less than 300 yards from Pompano's public beaches, offering views of both the intracoastal and the ocean. Positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the revitalized Fishing Village. The lot size is 0.58 acres. The property size is 10,642 square feet. The zoning is RM-20.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.089267
    Latitude
    26.247249

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    FAQs

    What type of property is this?
    Apartment building - 28-unit multifamily property near the beach in Pompano Beach.
    Where is this apartment building located?
    The property is located at 1020 N Riverside Dr Pompano Beach, FL.
    What are key features of this property?
    This property features: - High-yielding cash-flow investment with projected annual NOI approaching $425,000 at full occupancy.; - Located less than 300 yards from Pompano's pristine public beaches.; - Immediate upside potential due to the property being in the process of full stabilization (approximately 75% leased).
    (561) 285-4283
    Request Owner's contact information
    1020 N Riverside Dr Pompano Beach, FL 33062
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    Realmo Value Estimation

    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.

    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.

    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
    1020 N Riverside Dr Pompano Beach, FL 33062
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