Second-Floor 1BR Condo
For Sale
$137,000
330 S Cypress Road, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property Size756 SF
Price / SF$181.22
Days on Market150
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
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: Aug 7
Last Checked: Aug 8 at 2:06PM
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 1-bedroom, 1.5-bath condo offers a light, open-concept layout with an inviting amount of natural light. The unit includes a walk-in closet and ceiling fans, along with a large private balcony that provides a garden view. It is part of a maintained, active community with on-site amenities, including a clubhouse, heated pool, library, picnic area, and shuffleboard. Maintenance is described as covering common areas and amenities.
The property is located at 330 S Cypress Road in Pompano Beach, Florida, within Broward County. The community setting is positioned to keep everyday convenience close, with the oceanfront and fishing pier noted as only minutes away, along with major highways and dining options.
For buyers seeking an easy-care residence within a community that provides shared recreational amenities, this configuration offers practical everyday comforts like the private balcony and in-unit storage. The second-floor placement and 1.5-bath layout can be well suited for those wanting a straightforward footprint with a bit of outdoor space, whether as a primary home or a seasonal retreat.
The property is located at 330 S Cypress Road in Pompano Beach, Florida, within Broward County. The community setting is positioned to keep everyday convenience close, with the oceanfront and fishing pier noted as only minutes away, along with major highways and dining options.
For buyers seeking an easy-care residence within a community that provides shared recreational amenities, this configuration offers practical everyday comforts like the private balcony and in-unit storage. The second-floor placement and 1.5-bath layout can be well suited for those wanting a straightforward footprint with a bit of outdoor space, whether as a primary home or a seasonal retreat.
Key Highlights
- Light & bright 1‑bedroom, 1.5‑bath second‑floor condo unit
- Private balcony with garden view
- Walk‑in closet and ceiling fan(s); central A/C and central heating
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
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
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
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 - Light-filled 1BR with 1.5 baths, private balcony, and access to community clubhouse and heated pool.
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: Light & bright 1‑bedroom, 1.5‑bath second‑floor condo unit; Private balcony with garden view; Walk‑in closet and ceiling fan(s); central A/C and central heating
