Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    820 NE 23Rd Ave Pompano Beach, FL 33062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,000 /Mo

    Tastefully remodeled duplex with fenced backyard, near shops and restaurants.

    Lot size:
    8,000.00 Acres

    Property Features for 820 NE 23Rd Ave

    General Information

    Property type
    Residential Lease
    Standard status
    Active
    Lot size
    8,000.00 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Kyle J Bruening
    Source: Elliman

    Listing Agent: Kyle J Bruening

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex Near Pompano Pier

    This fully renovated duplex property features two units, each with 2 bedrooms and 2 bathrooms. The property includes a paver driveway and a paver back patio. Located to the east of federal highway, the property offers convenient access to shops and restaurants. The Pompano Beach Pier, featuring various shops and restaurants, is nearby. Impact windows and doors are installed in each unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1007863
    Latitude
    26.2395652

    Nearby Similar for Lease

    • $4,000 /Mo
      16,988 SF

      Turnkey Medical Office Space Available

      Prominent Pompano Beach medical office with high traffic exposure.
      1600 N Federal Hwy, Pompano Beach, FL 33062
      View Details
    • $6,800 /Mo
      7,540 SF

      Pompano Beach Commercial Building Lease

      High-visibility commercial building suitable for office, retail, or mixed-use.
      3311 N Dixie Hwy, Pompano Beach, FL 33064
      View Details
    • $4,200 /Mo
      10,999 SF

      Retail Space Near Lauderdale Beach

      Retail space in affluent area, steps from the beach.
      213 Commercial Blvd, Lauderdale by the Sea, FL 33308
      View Details
    • $1,000 /Mo
      43,560 SF

      Pompano Beach Office/Retail Space

      Office/retail space available in Pompano Beach, Florida.
      1207 S Powerline Rd, Pompano Beach, FL 33069
      View Details
    • $25 SF/Yr
      39,805 SF

      Pompano Beach Retail Space Available

      Ground floor retail space with signage rights on Rock Island Rd.
      374 N Rock Island Rd, Pompano Beach, FL 33063
      View Details
    • $7,000 /Mo
      2,627 SF

      Pompano Beach Office/Warehouse Condo

      Two-story office/warehouse condo for lease in Pompano Beach.
      2460 NW 17Th Ln, Pompano Beach, FL 33064
      View Details
    • $1,200 /Mo
      457 SF

      Renovated Warehouse with Office Space

      Affordable warehouse with air-conditioned office space for lease.
      1771 Blount Rd, Pompano Beach, FL 33069
      View Details
    • $2,750 /Mo

      Pompano Beach Retail/Office Space

      Versatile 1,200 SF suite near Pompano Beach redevelopment district.
      2001 N Dixie Hwy, Pompano Beach, FL 33060
      View Details
    • $193,800
      117,007 SF

      Pompano Beach Restaurant Space For Rent

      Restaurant-zoned commercial space in luxury beachfront development, available September 2025.
      900 N Ocean Blvd, Pompano Beach, FL 33062
      View Details
    • $1,050 /Mo

      Pompano Beach Office Suite

      Professional office suite with kitchenette and full bathroom for rent.
      27 SE 24Th Ave, Pompano Beach, FL 33062
      View Details
    • $2,400 /Mo

      Warehouse Space in Pompano Beach

      Approximately 1,000 sq ft warehouse space for lease.
      251 SW 5Th Ct, Pompano Beach, FL 33060
      View Details
    • $1,000 /Mo

      Lauderdale By The Sea Retail

      Treatment room for rent, two minutes from the ocean.
      218 Commercial Blvd, Lauderdale by the Sea, FL 33308
      View Details

    FAQs

    What type of property is this?
    Duplex - Tastefully remodeled duplex with fenced backyard, near shops and restaurants.
    Where is this duplex located?
    The property is located at 820 NE 23Rd Ave Pompano Beach, FL.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: - Fully renovated property with two exquisite units.; - Each unit features 2 bedrooms and 2 bathrooms.; - Enjoy the fenced-in backyard area and paver patio.
    (561) 285-4283
    Request Owner's contact information
    820 NE 23Rd Ave Pompano Beach, FL 33062
    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.
    820 NE 23Rd Ave
    Pompano Beach, FL 33062
    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
    820 NE 23Rd Ave Pompano Beach, FL 33062
    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

    We can help!
    Listing Contact
    Kyle J Bruening
    (561) 285-4283
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!