Residential Income Property with B-3
For Sale
$699,000
243 S Dixie Hwy W, Pompano Beach, FL
Commercial Sale, Pompano Beach, FL
Property Size3,589 SF
Lot Size0.22 Acres
Price / SF$194.76
Days on Market145
Property Features for 243 S Dixie Hwy W
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-3
Parking
1
Subdivision
3431
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
494202020050
Size
3,589 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AVONDALE 6-29 B LOTS 18,19 & 20 BLK 1 TOGETHER WITH E 1/2 OF VAC 10 ALLEY LYING W OF & ADJ TO LOTS 18 & 19 & TOGETHER WITH W 1/2 OF VAC'D 10
Tax Annual Amount
2802
Legal Description
AVONDALE 6-29 B LOTS 18,19 & 20 BLK 1 TOGETHER WITH E 1/2 OF VAC 10 ALLEY LYING W OF & ADJ TO LOTS 18 & 19 & TOGETHER WITH W 1/2 OF VAC'D 10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Building materials
CBS
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Anthony Genovese · License #3292034
(561) 667-3000
Added: Apr 19
Changed: Sep 10
Last Checked: Sep 10 at 7:06PM
MLS# B26017643
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 for-sale residential income property is located at 243 S Dixie Hwy W in Pompano Beach, Florida. The property is zoned B-3 and includes 3,589 square feet of building area on a 0.22-acre lot.
The site is presented for buyers interested in a mixed-use zoning designation, with the property’s land area and total size providing the basis for future configuration decisions consistent with B-3 zoning.
All information provided is based on the property details listed, including zoning, lot size, property size, and address.
The site is presented for buyers interested in a mixed-use zoning designation, with the property’s land area and total size providing the basis for future configuration decisions consistent with B-3 zoning.
All information provided is based on the property details listed, including zoning, lot size, property size, and address.
Key Highlights
- Built in 1951 with CBS (concrete block stucco) construction
- Central heating and central air conditioning
- Public water and public sewer
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
$55,132
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
7.89%
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%
$1,102,640
$1.1M
Cap Rate 7%
$787,600
$787.6K
Cap Rate 9%
$612,578
$612.6K
Market Conditions
NOI Build-Up for 3,589 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
$105.5K $29.40/SF
− Vacancy
−$5.3K −$1.47/SF
EGI
$100.2K $27.93/SF
− OpEx
−$45.1K −$12.57/SF
NOI
$55.1K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,102,640
Cap Rate 7%
$787,600
Cap Rate 9%
$612,578
Alternative Uses
Best Use
Apartment 5plus
$787.6K
$689.2K – $918.9K
NOI $55,132 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,980 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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1,783
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Frequently Asked Questions
What type of property is this?
Single family property - For sale at 243 S Dixie Hwy W, a B-3 zoned residential income property with 3,589 square feet.
Where is this single family property located?
The property is located at 243 S Dixie Hwy W Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 1951 with CBS (concrete block stucco) construction; Central heating and central air conditioning; Public water and public sewer
