Flex Warehouse Redevelopment
For Sale
Contact for pricing
1410 SW 3rd St, Pompano Beach, FL 33069
For-sale flex/warehouse property in an industrial district, positioned about one mile west of I-95.
Property Size49,671 SF
Price / SF$301.99
Days on Market651
Property Features for 1410 SW 3rd St
General Information
Standard status
Active
Size
49,671 SF
Property subtype
INDUSTRIAL
Listing Agency:
RCG Commercial Realty
(954) 554-1526
Listed By:
Alex Rich
(954) 554-1526
Source:
Moodyscre
Added: Oct 25, 2024
Changed: Jul 25
Last Checked: Aug 6 at 11:46AM
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 RCG Commercial Realty
Investment Insights
Based on property information with market context.
The property at 1410 SW 3rd St offers a mix of flex and industrial warehouse use, totaling approximately 49,671 square feet. It is presented for an owner-user or investor looking at a redevelopment opportunity.
The site is located about one mile west of I-95 in the Andrew’s Industrial District in Pompano Beach, Florida, providing a convenient connection to major regional access.
As a flex/warehouse asset, the property’s configuration supports a range of light industrial and storage-oriented needs, with the current offering focused on redevelopment potential.
The site is located about one mile west of I-95 in the Andrew’s Industrial District in Pompano Beach, Florida, providing a convenient connection to major regional access.
As a flex/warehouse asset, the property’s configuration supports a range of light industrial and storage-oriented needs, with the current offering focused on redevelopment potential.
Key Highlights
- Flex/warehouse property for sale in an industrial district
- Located about 1 mile west of I‑95 in the Andrew’s Industrial District
- Suitable for an owner‑user or investor seeking a redevelopment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$662,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,250,240
$13.3M
Cap Rate 7%
$9,464,457
$9.5M
Cap Rate 9%
$7,361,244
$7.4M
Market Conditions
NOI Build-Up for 49,671 SF
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.
Gross rent
$1.07M $21.60/SF
− Vacancy
−$53.6K −$1.08/SF
EGI
$1.02M $20.52/SF
− OpEx
−$356.7K −$7.18/SF
NOI
$662.5K $13.34/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,250,240
Cap Rate 7%
$9,464,457
Cap Rate 9%
$7,361,244
Alternative Uses
Best Use
Flex RnD
$9.46M
$8.28M – $11.04M
NOI $662,512 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$5.21M
$4.56M – $6.08M
NOI $364,794 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$19.37M
$16.95M – $22.60M
NOI $1,356,018 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - For-sale flex/warehouse property in an industrial district, positioned about one mile west of I-95.
Where is this flex space located?
The property is located at 1410 SW 3rd St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Flex/warehouse property for sale in an industrial district; Located about 1 mile west of I‑95 in the Andrew’s Industrial District; Suitable for an owner‑user or investor seeking a redevelopment opportunity
