Pompano Beach Condo Warehouse
For Sale
Contact for pricing
1071 NW 31st Ave, Pompano Beach, FL 33069
Condo warehouse in Pompano Industrial Park for sale or lease.
Property Size3,296 SF
Price / SF$333.74
Days on Market203
Property Features for 1071 NW 31st Ave
General Information
Standard status
Active
Size
3,296 SF
Class
B
Property subtype
Industrial, Office
Zoning
B-4 Commercial Industrial
Investment Type
Owner/User
Building Details
Year Built
2009
Listing Agency:
The Agency
(423) 557-4310
Listed By:
Jamie Bederak · License #3595581
Source:
Crexi
Added: Feb 8
Changed: Aug 27
Last Checked: Aug 29 at 7:19AM
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 The Agency
Investment Insights
Based on property information with market context.
Located in the heart of Pompano Beach’s Central Industrial Corridor, this 3,296 square foot condominium warehouse and office space is available for sale or lease. Situated within the secure, fenced, and professionally managed Pompano Industrial Park, the property at 1071 NW 31st Ave, Unit B-4, Pompano Beach, FL 33069, offers convenient access to Florida’s Turnpike, I-95, and major South Florida logistics routes. The unit features a 21-foot clear ceiling height with a Twin “T” roof system and a rear 12’ x 12’ roll-up door. Its clean back-load configuration is suitable for light manufacturing, distribution, service-based businesses, or flex industrial uses. The property benefits from ample natural light, dedicated parking, and a secure environment, balancing warehouse efficiency with a professional office presence. Zoned B-4 Intensive Business, the property supports a wide range of commercial and industrial applications. This asset offers long-term flexibility in a supply-constrained industrial submarket of Broward County. The property is offered for sale, and lease-option structures are considered.
Key Highlights
- Prime location in Pompano Beach's Central Industrial Corridor with easy access to major highways.
- Functional design featuring 3,296 SF of warehouse and office space with a 21‑foot clear ceiling height.
- Flexible zoning, B‑4 Intensive Business, supporting diverse uses.
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
$43,962
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
4.00%
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%
$879,240
$879.2K
Cap Rate 7%
$628,029
$628.0K
Cap Rate 9%
$488,467
$488.5K
Market Conditions
NOI Build-Up for 3,296 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
$71.2K $21.60/SF
− Vacancy
−$3.6K −$1.08/SF
EGI
$67.6K $20.52/SF
− OpEx
−$23.7K −$7.18/SF
NOI
$44.0K $13.34/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$879,240
Cap Rate 7%
$628,029
Cap Rate 9%
$488,467
Alternative Uses
Best Use
Flex RnD
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$284.8K
$249.2K – $332.3K
NOI $19,935 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,981 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Under-served
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 Industrial 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?
Flex space - Condo warehouse in Pompano Industrial Park for sale or lease.
Where is this flex space located?
The property is located at 1071 NW 31st Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in Pompano Beach's Central Industrial Corridor with easy access to major highways.; Functional design featuring 3,296 SF of warehouse and office space with a 21‑foot clear ceiling height.; Flexible zoning, B‑4 Intensive Business, supporting diverse uses.
