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    3200 NE 7Th Ct, Unit 205C Pompano Beach, FL 33062

    View on Map
    Sponsored
    For Sale
    $299,000

    MULTI_FAMILY - Pompano Beach, FL

    Property size:
    1,104 SF
    Days on Market:
    22
    Last Refresh:
    Mar 16 at 11:06 pm

    Property Features for 3200 NE 7Th Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    2
    Bathrooms
    2
    APN
    484331NN0620
    Patio and Porch features
    Porch
    Exterior features
    Balcony, Barbecue, Lighting
    Fireplace
    1
    Appliances
    Electric Water Heater, Disposal, Electric Range, Gas Range, Microwave, Oven, Refrigerator, Water Heater, Water Purifier, Water Softener
    Size
    1,104 SF

    Taxes and HOA fees

    Expense value
    200
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water front features
    Beach Access

    Building Details

    Year built
    1964
    Floors in Building
    3
    Flooring type
    Tile - Ceramic
    Building materials
    CBS

    We can help!

    Listing Contact
    Mercedes Villagra Mortensen
    Mercedes Villagra Mortensen

    Exit Ocean Realty (954) 817-8555

    Listing agent Mercedes Villagra Mortensen (954) 615-4000 License #3283601

    Listing date Feb 22, 2026

    MLS# F10535653 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Pompano Beach Boutique Building

    Located in a prime area between the Atlantic Ocean and the Intracoastal Waterway, this property is situated in a boutique building across from the beach in Pompano Beach. This bright and spacious 2-bedroom unit offers 1,100 square feet of living space. Located on the 2nd floor, the unit faces the garden and includes a front north porch, providing a shady and breezy spot. The unit features a spacious living and dining room area, a newer kitchen with white wood cabinets and granite counters, and ceramic floors throughout. Hurricane windows are installed in the bedrooms, and the unit has newer A/C. The building offers common laundry facilities on every floor, elevators, and full storage. Residents enjoy private beach access. The location provides convenient access to the fishing pier, restaurants, shops, casino, airport, and bank promenade. Additional amenities include a free shuttle and boat taxi service. The building is all ages, cash only, no leasing, and 40 year certification okay.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael's House Apartment Building ICIWorld Ontario Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -80.089369
    Latitude
    26.243801

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    FAQs

    What type of property is this?
    Residential income property - Bright, spacious condo near the beach in booming Pompano Beach.
    Where is this residential income property located?
    The property is located at 3200 NE 7Th Ct, Unit 205C Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Private beach access.; - Great location between the Atlantic and Intracoastal, close to restaurants, shops, casino, and airport.; - Spacious 2-bedroom unit (1,100 sq ft) with a garden view and north-facing porch.
    (954) 615-4000
    Request Owner's contact information
    3200 NE 7Th Ct, Unit 205C Pompano Beach, FL 33062
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    Pompano Beach, FL 33062
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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
    3200 NE 7Th Ct, Unit 205C Pompano Beach, FL 33062
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    We can help!
    Listing Contact
    Mercedes Villagra Mortensen
    Mercedes Villagra Mortensen
    Real Estate License ID: 3283601
    (954) 615-4000 (561) 305-6229
    Learn more
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