Air-Conditioned Warehouse
For Sale
Contact for pricing
1791 Blount Rd, Pompano Beach, FL 33069
Two-story corner warehouse condo with a private office, shower bath, loft, and fully air-conditioned space.
Property Size1,885 SF
Price / SF$238.73
Days on Market1342
Property Features for 1791 Blount Rd
General Information
Standard status
Active
Size
1,885 SF
Total Parking Spaces
2
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
1
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Moodyscre
Added: Jan 13, 2023
Changed: Sep 3
Last Checked: Sep 16 at 6:37PM
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 Native Realty
Investment Insights
Based on property information with market context.
This 1,885 SF fully air-conditioned warehouse condo is a two-story corner unit designed for flexible use. The unit includes a large private office, a bathroom with shower, and a loft, along with a grade level garage door. Ceiling height is listed at 15 feet, and the property is set up with two private parking spaces.
The property is located in an opportunity zone and offers easy access to major thoroughfares, including the Florida Turnpike and I-95.
As a corner unit with both office space and warehouse functionality, it supports an owner-user or investor scenario, depending on the buyer’s objectives.
The property is located in an opportunity zone and offers easy access to major thoroughfares, including the Florida Turnpike and I-95.
As a corner unit with both office space and warehouse functionality, it supports an owner-user or investor scenario, depending on the buyer’s objectives.
Key Highlights
- 1,885 SF fully air‑conditioned warehouse condo in Pompano Beach
- 2‑story corner unit with a large private office, loft, and bathroom with shower
- Grade‑level garage door with 15' ceiling height
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
$25,142
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
5.59%
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%
$502,840
$502.8K
Cap Rate 7%
$359,171
$359.2K
Cap Rate 9%
$279,356
$279.4K
Market Conditions
NOI Build-Up for 1,885 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
$40.7K $21.60/SF
− Vacancy
−$2.0K −$1.08/SF
EGI
$38.7K $20.52/SF
− OpEx
−$13.5K −$7.18/SF
NOI
$25.1K $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%
$502,840
Cap Rate 7%
$359,171
Cap Rate 9%
$279,356
Alternative Uses
Best Use
Flex RnD
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 5.59%
Second Best
Warehouse
$197.8K
$173.1K – $230.7K
NOI $13,844 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$735.2K
$643.3K – $857.7K
NOI $51,461 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Simply Delicious Catering — 1769 Blount Rd, Pompano Beach, FL 33069
Frequently Asked Questions
What type of property is this?
Flex space - Two-story corner warehouse condo with a private office, shower bath, loft, and fully air-conditioned space.
Where is this flex space located?
The property is located at 1791 Blount Rd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,885 SF fully air‑conditioned warehouse condo in Pompano Beach; 2‑story corner unit with a large private office, loft, and bathroom with shower; Grade‑level garage door with 15' ceiling height
