Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1601 Martin Luther King Blvd Pompano Beach, FL 33069

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $419,000

    Commercial corner lot with B-4 zoning, suitable for various businesses.

    Lot size:
    0.37 Acres

    Property Features for 1601 Martin Luther King Blvd

    General Information

    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Osnak Mercival
    Source: Elliman

    Listing Agent: Osnak Mercival

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

    Learn more

    Overview

    Commercial Corner Lot For Sale

    This commercial corner lot, zoned B-4, is available for purchase. The property is suitable for various business uses, including a church building, office building, take-out restaurant, warehouses, or auto repair shop. A site plan was previously submitted to the city for a church building. Soil test, survey, landscaping plan, and crime report are completed. The property is located minutes away from the administration building. The city of Pompano will work with any buyer. Survey, soil test, and crime report are already completed and paid for.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1579
    Latitude
    26.2366

    Nearby Similar for Sale

    • $4,380,000
      4,611 SF

      Turn-Key Boutique Hotel Near Beach

      Seven-unit property near the beach with strong income potential.
      3301 SE 12Th St, Pompano Beach, FL 33062
      View Details
    • $3,995,000
      4,240 SF

      Waterfront Quadplex with Intracoastal Access

      Updated 4-unit property with boat dockage and no fixed bridges.
      830 SE 22Nd Ave, Pompano Beach, FL 33062
      View Details
    • $975,000
      4,492 SF

      Spacious Duplex in Coral Springs

      Spacious duplex with remodeled unit and large fenced yard.
      11530-32 NW 43Rd St, Pompano Beach, FL 33065
      View Details
    • $379,000
      835 SF

      Move-in Ready Medical Office Space

      Renovated medical office in East Deerfield with ample parking.
      665 SE 10Th St, Pompano Beach, FL 33441
      View Details
    • $675,000
      1,766 SF

      Pompano Beach Updated Income Property

      Updated duplex near beaches, generating income with potential to increase.
      321 SE 1St Ave, Pompano Beach, FL 33060
      View Details
    • $675,000
      1,352 SF

      Pompano Beach Duplex Opportunity

      Updated duplex in Pompano Beach, near beaches and attractions.
      2581 NE 11Th Ct, Pompano Beach, FL 33062
      View Details
    • $2,299,000
      2,549 SF

      Deerfield Beach Fourplex Investment Opportunity

      Fourplex near the beach, operating as a short-term rental.
      1944 NE 5Th St, Pompano Beach, FL 33441
      View Details
    • $1,725,000
      1,150 SF

      Lauderdale By The Sea Fourplex

      Five-unit complex near the beach with development potential.
      4548 N Ocean Blvd, Lauderdale by the Sea, FL 33313
      View Details
    • $690,000
      1,632 SF

      Pompano Beach Duplex with Income

      Spacious duplex in Pompano Beach, updated units, income potential.
      404 NE 4Th St, Pompano Beach, FL 33060
      View Details
    • $1,851,360
      2.69 Acres

      Pompano Beach Restaurant Space For Sale

      Shell condition restaurant space in luxury beachfront development, ocean views.
      900 N Ocean Blvd, Pompano Beach, FL 33062
      View Details
    • $6,475,000

      Pompano Beach Mixed-Use Compound

      Gated 1.4-acre compound with 3 buildings and multiple amenities.
      Pompano Beach, FL 33069
      View Details
    • $635,000

      Pompano Beach Office/Warehouse Opportunity

      3,025 SF office/warehouse on 6,502 SF lot in Pompano Beach.
      552 S Dixie Hwy E, Pompano Beach, FL 33060
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial corner lot with B-4 zoning, suitable for various businesses.
    Where is this commercial land located?
    The property is located at 1601 Martin Luther King Blvd Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: - Commercial corner lot with B-4 zoning suitable for various businesses.; - Located minutes from the administration building.; - Soil test, survey, and landscaping plan are already completed.
    (954) 461-1325
    Request Owner's contact information
    1601 Martin Luther King Blvd Pompano Beach, FL 33069
    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.
    1601 Martin Luther King Blvd
    Pompano Beach, FL 33069
    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
    1601 Martin Luther King Blvd Pompano Beach, FL 33069
    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
    Osnak Mercival
    Real Estate License ID: 3199868
    (954) 461-1325
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.