Two Warehouses For
1055 NW 31st Ave Pompano Beach, FL 33069
For Sale
$540,000
Two warehouses available for sale, each with front offices.
Property Size1,800 SF
Lot Size0.03 Acres
Price / SF$300
Days on Market142
Property Features for 1055 NW 31st Ave
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.03 Acres
Property subtype
Industrial
Building Details
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: Jul 6
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $30.96 |
| − Vacancy | −$8.4k | −$4.64 |
| EGI | $47.4k | $26.32 |
| − OpEx | −$11.8k | −$6.58 |
| NOI | $35.5k | $19.74 |
1,800 SF · lease $30.96/SF/yr · vacancy 15.00% · expense 25.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Express-storage — 300 n powerline rd fl 3306, pompano beach, fl 33069
- Extra Space Storage — 800 NW 31st Ave, Pompano Beach, FL 33069
- Allstar Coaches RV Rentals — 2851 Dr Martin Luther King Blvd, Pompano Beach, FL 33069
- Pompano Self Storage — 2551 NW 15th Ct, Pompano Beach, FL 33069
- East Coast Perfection Marine — 2201 Hammondville Rd #250a, Pompano Beach, FL 33069
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.
