Add Listing
    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

    3308 SE 3Rd St Pompano Beach, FL 33062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Multifamily property near Pompano Beach with income potential.

    Lot size:
    0.12 Acres

    Property Features for 3308 SE 3Rd St

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.12 Acres

    Building Details

    Year built
    1951

    We can help!

    Listing Contact
    James H Boyden
    Source: Elliman

    Listing Agency: Lang Realty Listing Agent: James H Boyden

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

    Learn more

    Overview

    Pompano Beach Multifamily Steps to Sand

    This property features a 4-plex with an additional efficiency unit, situated steps from the beach in Pompano's Beach Development area. The building has been meticulously maintained, including a new roof installed in 2017. A tropically landscaped courtyard with a BBQ area provides an outdoor space. Unit 3 includes a new central A/C system and a private fenced yard. The building's floor plan offers flexibility, allowing operation as a 5-plex or combination of two units to create a spacious two-bedroom owner's suite. The property is a strong income producer with potential for further growth.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm 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
    -80.0920014
    Latitude
    26.2294072

    Nearby Similar for Sale

    • $725,000

      Freestanding Office Building in Pompano

      Charming office building in East Pompano Beach with parking.
      713 E Atlantic Blvd, Pompano Beach, FL 33060
      View Details
    • $449,000

      Pompano Beach Retail Corner Unit

      Prime showroom or office space in thriving commercial corridor.
      2400 NW 36Th St, Pompano Beach, FL 33073
      View Details
    • $1,349,999
      4,263 SF

      Pompano Beach Commercial Building For Sale

      4,263 SF building with a 6,758 SF yard.
      2323 N Dixie Hwy, Pompano Beach, FL 33060
      View Details
    • $5,399,000
      9,000 SF

      Waterfront Mixed-Use Building For Sale

      Three-story mixed-use building with waterfront views in Lauderdale-by-the-Sea.
      240 Commercial Blvd, Lauderdale by the Sea, FL 33308
      View Details
    • $690,000
      1,750 SF

      Pompano Beach Office Condo For Sale

      1,750 sq ft office condo in Coral Springs/Parkland area.
      5401 N University Dr, Pompano Beach, FL 33067
      View Details
    • $450,000
      0.03 Acres

      Pompano Beach Flex Space Warehouse

      Flex space warehouse with office/showroom in excellent condition.
      1500 W Copans Rd, Pompano Beach, FL 33064
      View Details
    • $595,000
      0.03 Acres

      Bright Corner Office Unit

      Turnkey office space with natural light in Pompano Beach.
      4851 W Hillsboro Blvd, Pompano Beach, FL 33073
      View Details
    • $50,000
      1,200 SF

      Lauderdale By The Sea Opportunity

      Acai & smoothie business for sale in Lauderdale By The Sea.
      4759 N Ocean Dr, Lauderdale by the Sea, FL 33308
      View Details
    • $950,000

      Pompano Beach Office/Warehouse Space

      Office/warehouse space in Pompano Industrial Park Condo, zoned B-4.
      1071 NW 31St Ave, Pompano Beach, FL 33069
      View Details
    • $195,000

      Pompano Beach Smoke Shop

      Fully stocked smoke shop near the beach in Pompano Beach.
      3165 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $690,000
      1,632 SF

      Pompano Beach Duplex with Potential

      Spacious duplex in Pompano Beach, updated units, income potential.
      404 NE 4Th St, Pompano Beach, FL 33060
      View Details
    • $599,990
      1,912 SF

      Pompano Beach Duplex Investment Opportunity

      Large duplex in Pompano Beach with recent upgrades.
      218 SW 1St Ct, Pompano Beach, FL 33060
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multifamily property near Pompano Beach with income potential.
    Where is this quadplex located?
    The property is located at 3308 SE 3Rd St Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Steps to the sand in Pompano's hottest Beach Development area.; - Strong income producer with room for growth.; - Meticulously maintained building.
    (877) 357-0618
    Request Owner's contact information
    3308 SE 3Rd St 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.
    3308 SE 3Rd St
    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
    3308 SE 3Rd St 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
    James H Boyden
    Real Estate License ID: 619922
    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!