Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pompano Beach Warehouse Space Title is generated by Realmo AI

    240 SW 12th Ave, Pompano Beach, FL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Open warehouse space suitable for light industrial uses.

    Type:INDUSTRIAL
    Property size:
    1,150 SF
    Lot size:
    1.97 Acres
    Added:
    Mar 21, 2023
    Days on Market:
    1172
    Last Refresh:
    May 20 at 9:30 pm

    Property Features for 240 SW 12th Ave

    General Information

    Standard status
    Active
    Size
    1,150 SF
    Lot size
    1.97 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 240 SW 12th Ave Contact us

    We can help!

    Listing Contact
    Steven Rafailovitch
    Steven Rafailovitch

    Listing agent Steven Rafailovitch

    Listing office Current Capital Realty

    Listing date Mar 21, 2023

    Source Moodyscre

    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 Current Capital Realty

    HighLights

    • Open Space: Provides flexible layout options.
    • Restroom: Convenient on‑site facility.
    • Light Industrial Use: Suitable for carpentry, e‑commerce, and storage.
    • Fast‑Moving Market: Indicates high demand.
    • Warehouse Space: Ideal for storage and distribution.
    • Urgency: Limited‑time opportunity.

    Overview

    This property offers an open warehouse space of 1150 square feet. It includes a restroom and is suitable for light industrial uses such as carpentry, e-commerce, and storage. The property is located in Pompano Beach, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Sl8te (Bike/Boat/Book/etc) Store Star-Lite Pool Builders General Contractor Sim-U-Golf Golf Course Seara De Caridade ... Church Title-Write Solutions Inc Title Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Exotic Toy Vault — 720 SW 12th Ave, Pompano Beach, FL 33069
    • Value Store It Self Storage — 500 S Andrews Ave, Pompano Beach, FL 33069
    • Patriot Perishables, Inc — 1430 SW 6th Ct, Pompano Beach, FL 33069
    • Unique Cold Storage — 1440 SW 6th Ct, Pompano Beach, FL 33069
    • Public Storage — 850 S Dixie Hwy E, Pompano Beach, FL 33060

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1391
    Latitude
    26.2286

    Nearby Similar for Lease

    • $6,800/Mo
      1,558 SF

      Commercial Building with Storefront Windows

      Flexible open-plan space with large storefront windows and parking for office, retail, or medical use.
      3311 N Dixie Highway, Pompano Beach, FL 33064
      View Details
    • $7,000/Mo
      2,990 SF

      Pompano Beach Retail Building

      Freestanding retail building in the heart of Pompano Beach.
      18 S Federal Highway, Pompano Beach, FL 33062
      View Details
    • $13,500/Mo
      6,306 SF

      Flex Warehouse with Office

      Well-maintained industrial space with integrated office, central A/C, and loading-dock setup for streamlined distribution and operations.
      3411 NE 6th Terrace, Pompano Beach, FL 33064
      View Details
    • $1,625/Mo
      750 SF

      Pompano Beach Turnkey Office Space

      Turnkey office space in professional building on Federal Highway.
      4701 N Federal Highway, Pompano Beach, FL 33064
      View Details
    • $2,880/Mo
      51,868 SF

      Pompano Beach Office Space Available

      Office suite for lease in Pompano Beach, Florida.
      555 SW 12th Avenue, Pompano Beach, FL 33069
      View Details
    • $4,000/Mo
      2,739 SF

      Turnkey Medical Office Space

      Prominently located medical office space in Pompano Beach, Florida.
      1600 N Federal Highway, Pompano Beach, FL 33062
      View Details
    • $1,000/Mo

      Pompano Beach Commercial Office Space

      Office space with private entrance in Pompano Beach, Florida.
      1207 S Powerline Road, Pompano Beach, FL 33069
      View Details
    • $2,500/Mo
      1,077 SF

      Pompano Beach Warehouse Condo

      Warehouse condo with office space available for rent.
      692 SW 15th Street, Pompano Beach, FL 33060
      View Details
    • $2,450/Mo
      1,200 SF

      Pompano Beach Office Space Available

      Versatile office space in a rapidly growing Pompano Beach area.
      2001 N Dixie Hwy, Pompano Beach, FL 33060
      View Details
    • $1,200/Mo
      800 SF

      Renovated Warehouse with Office Space

      Affordable warehouse with air-conditioned office in convenient location.
      1771 Blount Road, Pompano Beach, FL 33069
      View Details
    • $7,800/Mo
      3,000 SF

      Pompano Beach Office Space

      Office/Medical space available for lease in Pompano Beach, FL.
      2231 NE 25th Avenue, Pompano Beach, FL 33062
      View Details
    • $1,200/Mo

      Professional Office Suite with Parking

      Well-maintained courtyard building offering a tiled office setup with private bathroom and kitchenette, plus convenient onsite parking.
      27 SE 24 Avenue, Pompano Beach, FL 33062
      View Details

    FAQs

    What type of property is this?
    Warehouse - Open warehouse space suitable for light industrial uses.
    Where is this warehouse located?
    The property is located at 240 SW 12th Ave Pompano Beach, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Open Space: Provides flexible layout options.; Restroom: Convenient on‑site facility.; Light Industrial Use: Suitable for carpentry, e‑commerce, and storage.
    (561) 316-8444 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Rafailovitch
    Steven Rafailovitch
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    240 SW 12th Ave, Pompano Beach, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!