Flex Space with Mezzanine
For Sale
$215,000
1771 Blount Rd, Pompano Beach, FL 33069
COMMERCIAL - Pompano Beach, FL
Property Size623 SF
Lot Size0.01 Acres
Price / SF$345.38
Days on Market266
Property Features for 1771 Blount Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Subdivision
3428
Standard status
Active
APN
484228AA0160
Lot size
0.01 Acres
Taxes and HOA fees
Tax Description
TURNPIKE COMMERCIAL PLAZA CONDO UNIT 204 BLDG 2 PER CDO BK/PG: 10751/906
Tax Annual Amount
3188
HOA Fee
$230 Monthly
Legal Description
TURNPIKE COMMERCIAL PLAZA CONDO UNIT 204 BLDG 2 PER CDO BK/PG: 10751/906
Building Details
Year built
1983
Listing Agency:
United Realty Group, Inc
(954) 450-2000
Listed By:
Rasmy Muhamed · License #3383644
(305) 930-3114
Added: Nov 14, 2025
Changed: Aug 4
Last Checked: Aug 7 at 11:06AM
MLS# A11865090
Copyright © 2026 Miami REALTORS®. 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 flex space includes a mezzanine with A/C, designed to function as office space, paired with warehouse storage on the ground floor. The total area is approximately 622.50 SF, including about 195 SF of office space on the mezzanine and approximately 427.50 SF of warehouse area on the ground level. Warehouse space offers approximately 17 ft clearance from the ground to the ceiling.
The property is located at 1771 Blount Rd in Pompano Beach, Florida (Broward County). The building was constructed in 1983, and the unit is offered for sale.
Also available is the adjacent warehouse unit (Ste 205) with similar characteristics to Ste 204, and the two units can be sold together.
The property is located at 1771 Blount Rd in Pompano Beach, Florida (Broward County). The building was constructed in 1983, and the unit is offered for sale.
Also available is the adjacent warehouse unit (Ste 205) with similar characteristics to Ste 204, and the two units can be sold together.
Key Highlights
- Mezzanine with A/C for office use
- Total approx 622.50 SF with approx 195 SF mezzanine office
- Approx 427.50 SF warehouse area on ground floor
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
$12,286
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
5.71%
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%
$245,720
$245.7K
Cap Rate 7%
$175,514
$175.5K
Cap Rate 9%
$136,511
$136.5K
Market Conditions
NOI Build-Up for 623 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
$19.3K $30.96/SF
− Vacancy
−$2.9K −$4.64/SF
EGI
$16.4K $26.32/SF
− OpEx
−$4.1K −$6.58/SF
NOI
$12.3K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
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%
$245,720
Cap Rate 7%
$175,514
Cap Rate 9%
$136,511
Alternative Uses
Best Use
Office B
$175.5K
$153.6K – $204.8K
NOI $12,286 @ 7.0% cap · market cap 5.71%
Second Best
Flex RnD
$118.6K
$103.8K – $138.4K
NOI $8,303 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$242.8K
$212.4K – $283.2K
NOI $16,994 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Under-served
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Simply Delicious Catering — 1769 Blount Rd, Pompano Beach, FL 33069
Frequently Asked Questions
What type of property is this?
Flex space - Flex unit with ground-floor warehouse storage and an A/C mezzanine configured for office use.
Where is this flex space located?
The property is located at 1771 Blount Rd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Mezzanine with A/C for office use; Total approx 622.50 SF with approx 195 SF mezzanine office; Approx 427.50 SF warehouse area on ground floor
