Second-Floor Residential Income
For Sale
$137,000
330 S Cypress Road, Pompano Beach, FL 33060
Residential, Pompano Beach, FL
Property Size756 SF
Price / SF$181.22
Days on Market196
Property Features for 330 S Cypress Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
rm50
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 2
Parking
1
Interior features
Walk-In Closet(s)
Appliances
Electric Water Heater, Electric Range, Oven, Refrigerator, Water Heater
Subdivision
VIRGINIAN APARTMENTS
Standard status
Active
APN
494201nw1140
Size
756 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 625
Tax Annual Amount
2393
Expense value
150
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$441 Monthly
Legal Description
THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 625
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private balcony
walk-in closet
ceiling fans
clubhouse
heated pool
library
picnic area
shuffleboard
Building Details
Year built
1967
Floors in Building
2
Flooring type
Carpet
Listing Agency:
Prestige Waterfront Realty
(954) 830-7000
Listed By:
Maya Tegov · License #3223531
(917) 623-8000
Added: Mar 12
Changed: Sep 20
Last Checked: Sep 23 at 1:06AM
MLS# B26002118
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 second-floor condominium includes one bedroom, one and a half bathrooms, 756 square feet of interior space, and an open-concept layout. A private balcony overlooks a garden area, while interior features include a walk-in closet, ceiling fans, carpet flooring, central heating, and central air conditioning. The unit also has an electric range, oven, refrigerator, and electric water heater.
Constructed in 1967, the property is served by public water and public sewer, with water available. Community amenities include a clubhouse, heated pool, library, picnic area, and shuffleboard. The property is located in Pompano Beach, Florida, near the oceanfront, fishing pier, dining, and major highways.
Constructed in 1967, the property is served by public water and public sewer, with water available. Community amenities include a clubhouse, heated pool, library, picnic area, and shuffleboard. The property is located in Pompano Beach, Florida, near the oceanfront, fishing pier, dining, and major highways.
Key Highlights
- 756‑square‑foot second‑floor condominium with 1 bedroom and 1.5 bathrooms
- Private balcony with garden view
- Walk‑in closet, carpet flooring, central heating, and central air conditioning
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
$11,613
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
8.48%
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%
$232,260
$232.3K
Cap Rate 7%
$165,900
$165.9K
Cap Rate 9%
$129,033
$129.0K
Market Conditions
NOI Build-Up for 756 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
$22.2K $29.40/SF
− Vacancy
−$1.1K −$1.47/SF
EGI
$21.1K $27.93/SF
− OpEx
−$9.5K −$12.57/SF
NOI
$11.6K $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%
$232,260
Cap Rate 7%
$165,900
Cap Rate 9%
$129,033
Alternative Uses
Best Use
Apartment 5plus
$165.9K
$145.2K – $193.6K
NOI $11,613 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,789
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with a private balcony, walk-in closet, and access to community amenities.
Where is this residential income property located?
The property is located at 330 S Cypress Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: 756‑square‑foot second‑floor condominium with 1 bedroom and 1.5 bathrooms; Private balcony with garden view; Walk‑in closet, carpet flooring, central heating, and central air conditioning
