Flex Space with
For Sale
$4,500,000
1150 SW 10th Avenue, Pompano Beach, FL 33069
COMMERCIAL - Pompano Beach, FL
Property Size11,106 SF
Lot Size1.11 Acres
Price / SF$396.58
Days on Market123
Property Features for 1150 SW 10th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Parking
24
Parking features
Assigned
Security features
Security System
Subdivision
3431
Standard status
Active
APN
494202040300
Size
11,347 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW ADD 11-27 B LOTS 9,10,11,12 LESS W 30 BLK 5 TOG WITH S 1/2 OF VAC SW 11 ST LYING N OF & ADJ TO SAID LOTS PER OR 14522/222
Tax Annual Amount
46897
Legal Description
FAIRVIEW ADD 11-27 B LOTS 9,10,11,12 LESS W 30 BLK 5 TOG WITH S 1/2 OF VAC SW 11 ST LYING N OF & ADJ TO SAID LOTS PER OR 14522/222
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Flooring type
Carpet, Vinyl, Concrete, Tile
Building materials
CBS, Concrete, Stucco
Roof type
Metal, Concrete
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Ashley Lawrence · License #3314161
(954) 609-7111
Added: Apr 7
Changed: Aug 5
Last Checked: Aug 7 at 11:06AM
MLS# B26012467
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This I-1 flex space compound includes two contiguous parcels. The primary improvement is an 11,106 SF two-story office/warehouse at 1150 SW 10th Ave, paired with an adjacent 0.63-acre lot at 1060 SW 10th Ave for outdoor storage.
The main building underwent 2023 Broward 25-year safety inspections with no repairs required. Roofing includes a Soprema roof installed in 2016, with a 20-year Platinum NDL warranty through 2036. The site is set up for industrial operations with 400-amp, 3-phase power, central air, and public utilities including public water and public sewer. Outdoor staging is supported by over 27,500 SF of yard space, along with 23+ parking spaces.
Constructed with CBS, concrete, and stucco materials, the building includes vinyl, carpet, tile, and concrete flooring. Cable is available, and parking is listed as assigned.
The main building underwent 2023 Broward 25-year safety inspections with no repairs required. Roofing includes a Soprema roof installed in 2016, with a 20-year Platinum NDL warranty through 2036. The site is set up for industrial operations with 400-amp, 3-phase power, central air, and public utilities including public water and public sewer. Outdoor staging is supported by over 27,500 SF of yard space, along with 23+ parking spaces.
Constructed with CBS, concrete, and stucco materials, the building includes vinyl, carpet, tile, and concrete flooring. Cable is available, and parking is listed as assigned.
Key Highlights
- I‑1 zoned flex compound with two contiguous parcels
- 11,106 SF two‑story office/warehouse at 1150 SW 10th Ave
- Adjacent 0.63‑acre lot zoned I‑1 for outdoor storage at 1060 SW 10th Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,026,920
$3.0M
Cap Rate 7%
$2,162,086
$2.2M
Cap Rate 9%
$1,681,622
$1.7M
Market Conditions
NOI Build-Up for 11,347 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$245.1K $21.60/SF
− Vacancy
−$12.3K −$1.08/SF
EGI
$232.8K $20.52/SF
− OpEx
−$81.5K −$7.18/SF
NOI
$151.3K $13.34/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,026,920
Cap Rate 7%
$2,162,086
Cap Rate 9%
$1,681,622
Alternative Uses
Best Use
Flex RnD
$2.16M
$1.89M – $2.52M
NOI $151,346 @ 7.0% cap · market cap 3.36%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,335 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$4.43M
$3.87M – $5.16M
NOI $309,773 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Hitch Booth — 1831 S Dixie Hwy, Pompano Beach, FL 33062
- Infused Catering — 1790 SW 13th Ct, Pompano Beach, FL 33069
- The Catering Group — 121 SW 5th St, Pompano Beach, FL 33060
- Affairs D'Elegance / TCG Catering — 121 sw 5th st, pompano beach, fl 33060
Frequently Asked Questions
What type of property is this?
Flex space - I-1 flex compound with a two-story office/warehouse, 0.63-acre outdoor storage lot, and 400-amp 3-phase power.
Where is this flex space located?
The property is located at 1150 SW 10th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: I‑1 zoned flex compound with two contiguous parcels; 11,106 SF two‑story office/warehouse at 1150 SW 10th Ave; Adjacent 0.63‑acre lot zoned I‑1 for outdoor storage at 1060 SW 10th Ave
