Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3220 Canal Drive Pompano Beach, FL 33062

    View on Map
    For Sale
    $1,999,000

    MULTI_FAMILY - Pompano Beach, FL

    Property size:
    2,819 SF
    Added:
    Feb 11, 2025
    Days on Market:
    417
    Last Refresh:
    Apr 4 at 6:06 am

    Property Features for 3220 Canal Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-20
    Bedrooms
    4
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 1
    Standard status
    Active
    APN
    484330030290
    Size
    2,819 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    WAHOO NO 2 7-49 B LOT 36 LESS N 15 FOR ST,& STRIP OF LAND BOUNDED ON N BY WAHOO CANAL,ON S BY N/L OF CANAL DR RELOCATED,ON E BY EXT N OF E/L
    Tax Annual Amount
    11261

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    Ocean Access
    Water front
    1

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Terrazzo
    Building materials
    Block, CBS
    Roof type
    Composition

    We can help!

    Listing Contact
    Jeffrey S Cozzi

    Listing agent Jeffrey S Cozzi License #3188390

    Listing office Cozzi Properties 3573 Deer Creek Palladian Cir, Deerfield Beach, FL

    Listing date Feb 11, 2025

    MLS# F10486365

    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.

    Overview

    Pompano Beach Fourplex with Dock

    This fourplex presents a rare opportunity, featuring a 50-foot deeded dock space on the east side of the Intracoastal Waterway in Pompano Beach, with no fixed bridges. The property comprises four units, each with one bedroom and one bathroom. A new roof has recently been installed on the building. The property's zoning is RM-20. The location allows ocean access in approximately 9 minutes by boat to the Hillsboro Inlet. The property, totaling 2,819 square feet, offers various possibilities, including short-term Airbnb rentals, annual rentals, seasonal rentals, or redeveloping the property and building upward. The property is being sold "As-Is" with the right to inspect.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon 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
    -80.087696
    Latitude
    26.252823

    Nearby Similar for Sale

    • $725,000

      Freestanding Office Building in Pompano

      Charming office building in East Pompano Beach with parking.
      713 E Atlantic Blvd, Pompano Beach, FL 33060
      View Details
    • $449,000

      Pompano Beach Retail Corner Unit

      Prime showroom or office space in thriving commercial corridor.
      2400 NW 36th St, Pompano Beach, FL 33073
      View Details
    • $950,000

      Pompano Beach Office/Warehouse Space

      Office/warehouse space in Pompano Industrial Park Condo, zoned B-4.
      1071 NW 31st Ave, Pompano Beach, FL 33069
      View Details
    • $655,000
      2,032 SF

      Updated Triplex in Pompano Beach

      Turnkey investment property with long-term tenants and updated features.
      721 SW 8th Street, Pompano Beach, FL 33060
      View Details
    • $674,990
      1,982 SF

      Pompano Beach Multifamily Investment Property

      Well-maintained, fully rented triplex with recent upgrades and desirable location.
      131 SW 14th Court, Pompano Beach, FL 33060
      View Details
    • $500,000

      Profitable Pool Service Company

      High-growth pool service company with recurring revenue in Pompano Beach.
      Pompano Beach, FL 33069
      View Details
    • $599,990
      1,912 SF

      Pompano Beach Duplex For Sale

      Duplex in strong rental area with recent upgrades and no HOA.
      218 SW 1st Court, Pompano Beach, FL 33060
      View Details
    • $465,000
      988 SF

      Income-Producing Duplex in Growing Area

      Duplex in thriving Pompano Beach with redevelopment potential.
      2261 NW 2nd Street, Pompano Beach, FL 33069
      View Details
    • $689,000
      2,351 SF

      Pompano Beach Garden Isles Duplex

      Duplex in Garden Isles, Pompano Beach. Close to beach.
      371 SE 1st Avenue, Pompano Beach, FL 33060
      View Details
    • $799,000
      858 SF

      Pompano Beach Income Property

      Tenant-occupied income property in high-demand rental market.
      800-802 SW 6th Court, Pompano Beach, FL 33060
      View Details
    • $749,900
      1,850 SF

      Renovated Income-Generating Fourplex

      Turnkey fourplex in Pompano Beach, fully renovated and ready.
      220 NW 27th Ave, Pompano Beach, FL 33069
      View Details
    • $4,500,000

      Pompano Beach Hotel/Motel Opportunity

      Prime location near the ocean in Pompano Beach, Florida.
      213 S Ocean Blvd, Pompano Beach, FL 33062
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex with deeded dock space and redevelopment potential.
    Where is this quadplex located?
    The property is located at 3220 Canal Drive Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: 50‑foot deeded dock space on the Intracoastal Waterway with no fixed bridges and ocean access.; Rare fourplex property offering diverse income potential.; New roof recently installed.
    (561) 212-4833
    We can help!
    Listing Contact
    Jeffrey S Cozzi
    Real Estate License ID: 3188390
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!