Updated Triplex with Impact
For Sale
$655,000
Pending
721 SW 8th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size2,032 SF
Days on Market179
Property Features for 721 SW 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision
Fairview Amd 10-25 B
Elementary school
Cypress
Middle school
Pompano Beach
High school
Blanche Ely
Standard status
Pending
APN
494202031220
Size
2,032 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 32 BLK 15
Tax Annual Amount
8000
Legal Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 32 BLK 15
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
fenced backyard
laundry room
Building Details
Year built
1971
Floors in Building
1
Number of units
3
Roof type
Composition, Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Added: Mar 3
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# F10555887
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 three-unit residential property contains 2,032 square feet and was built in 1971. Improvements include a 2021 shingle and composition roof, impact windows, porcelain tile flooring, refreshed kitchens, and updated electrical service. Recessed lighting and ceiling fans are installed throughout the rooms, while newer laundry equipment serves a dedicated laundry area. Fresh interior and exterior paint adds to the updated presentation, and the property includes a fenced backyard.
The triplex is located at 721 SW 8th Street in Pompano Beach, within Broward County and ZIP Code 33060. RM-20 zoning and public sewer support its multifamily residential configuration. The property is fully rented, with long-term tenants in place, and each tenancy includes first-month, last-month, and security deposits.
The triplex is located at 721 SW 8th Street in Pompano Beach, within Broward County and ZIP Code 33060. RM-20 zoning and public sewer support its multifamily residential configuration. The property is fully rented, with long-term tenants in place, and each tenancy includes first-month, last-month, and security deposits.
Key Highlights
- Three‑unit property with 2,032 square feet
- 2021 shingle and composition roof
- Impact windows throughout
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
$33,981
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
5.19%
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%
$679,620
$679.6K
Cap Rate 7%
$485,443
$485.4K
Cap Rate 9%
$377,567
$377.6K
Market Conditions
NOI Build-Up for 2,032 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
$51.2K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$48.5K $23.89/SF
− OpEx
−$14.6K −$7.17/SF
NOI
$34.0K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$679,620
Cap Rate 7%
$485,443
Cap Rate 9%
$377,567
Alternative Uses
Best Use
Multifamily LT 5
$485.4K
$424.8K – $566.4K
NOI $33,981 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.3K
NOI $31,215 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$792.5K
$693.4K – $924.6K
NOI $55,474 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,769
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with renovated interiors, durable finishes, and established occupancy.
Where is this triplex located?
The property is located at 721 SW 8th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Three‑unit property with 2,032 square feet; 2021 shingle and composition roof; Impact windows throughout
