Two Warehouses For
For Sale
$540,000
Pending
1055 NW 31st Ave, Pompano Beach, FL 33069
Two warehouses available for sale, each with front offices.
Property Size1,127 SF
Lot Size0.03 Acres
Days on Market168
Property Features for 1055 NW 31st Ave
General Information
Standard status
Pending
Size
1,127 SF
Lot size
0.03 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$4,717
Building Details
Building Size
1,127 SF
Year Built
2002
Listing Agency:
Florida Realty Fusion, Corp.
(718) 755-4327
Listed By:
Paul Durso · License #3461600
(718) 755-4327
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 23 at 11:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Realty Fusion, Corp.
Investment Insights
Based on property information with market context.
Two warehouses are available for sale, located at 1055 and 1057 NW 31st Ave, Pompano Beach, FL 33069. The front offices in each unit are approximately 400 square feet. Unit 1055 features a full kitchen, while the back bays are each approximately 800 square feet. Unit 1055 also includes an approximately 600 square foot loft on the second floor, equipped with gates for forklift access to raise materials. Unit 1057, also for sale, has an approximately 600 square foot office on the second floor, which includes a reception area and a half bath. The mezzanines are part of the original construction and feature steel beams and concrete floors. Each unit has an assigned space in front. Unit 1055 is equipped with a generator hook up. The seller is offering financing for up to 15 years at 10% APR with a minimum of 25% down.
Key Highlights
- Seller financing available: Up to 15 years at 10% APR with 25% down.
- Two warehouse units available for purchase, offering approximately 2000 sq ft of warehouse space plus office space.
- Unit 1055 features a unique 600 sq ft loft with forklift access.
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
$35,527
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
6.58%
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%
$710,540
$710.5K
Cap Rate 7%
$507,529
$507.5K
Cap Rate 9%
$394,744
$394.7K
Market Conditions
NOI Build-Up for 1,800 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
$55.7K $30.96/SF
− Vacancy
−$8.4K −$4.64/SF
EGI
$47.4K $26.32/SF
− OpEx
−$11.8K −$6.58/SF
NOI
$35.5K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
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%
$710,540
Cap Rate 7%
$507,529
Cap Rate 9%
$394,744
Alternative Uses
Best Use
Office B
$507.5K
$444.1K – $592.1K
NOI $35,527 @ 7.0% cap · market cap 6.58%
Second Best
Warehouse
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses available for sale, each with front offices.
Where is this warehouse located?
The property is located at 1055 NW 31st Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Seller financing available: Up to 15 years at 10% APR with 25% down.; Two warehouse units available for purchase, offering approximately 2000 sq ft of warehouse space plus office space.; Unit 1055 features a unique 600 sq ft loft with forklift access.
