Office/Warehouse Flex
For Sale
Contact for pricing
1769 Blount Rd, Pompano Beach, FL 33069
Flex office/warehouse with a roll-up door, mezzanine office, and first-floor restroom in I-1 zoning.
Property Size3,121 SF
Price / SF$214.75
Days on Market544
Property Features for 1769 Blount Rd
General Information
Standard status
Active
Size
3,121 SF
Property subtype
INDUSTRIAL
Zoning
I-1
Warehouse & Industrial
Warehouse Space
1,915 SF
Office Build-Out
106 SF
Mezzanine
1,100 SF
Drive-In Doors
1
Additional Details
Floor
2nd floor mezzanine
Highway Access
Yes
Listing Agency:
Total Real Estate Consultants Inc
(954) 224-8773
Listed By:
Joe Pelayo · License #3005451
(954) 224-8773
Source:
Moodyscre
Added: Feb 10, 2025
Changed: Jul 29
Last Checked: Aug 7 at 9:38AM
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 Total Real Estate Consultants Inc
Investment Insights
Based on property information with market context.
This for-sale office/warehouse flex unit includes a total of approximately 3,121 square feet with a distribution-style layout. The space is split into an approximately 1,915-square-foot warehouse area, an approximately 1,100-square-foot mezzanine, and a small approximately 106-square-foot office component. The office is located on the second floor of the mezzanine and is accessed via stairs, with the restroom located on the first floor.
The unit is positioned closely to the Turnpike and offers suitability for a range of businesses under I-1 (General Industrial) zoning. It also includes one roll-up door for direct warehouse access.
The configuration supports light industrial and distribution functions, with office space built into the mezzanine level and core services kept on the first floor.
The unit is positioned closely to the Turnpike and offers suitability for a range of businesses under I-1 (General Industrial) zoning. It also includes one roll-up door for direct warehouse access.
The configuration supports light industrial and distribution functions, with office space built into the mezzanine level and core services kept on the first floor.
Key Highlights
- 3121 +/- SF office/warehouse in Pompano Beach’s Turnpike Commercial Plaza
- Includes 1915 +/- SF warehouse plus a 1100 +/- SF mezzanine
- 106 +/- SF office on the 2nd‑floor mezzanine, accessed via stairs
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
$61,599
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
9.19%
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%
$1,231,980
$1.2M
Cap Rate 7%
$879,986
$880.0K
Cap Rate 9%
$684,433
$684.4K
Market Conditions
NOI Build-Up for 3,121 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
$96.6K $30.96/SF
− Vacancy
−$14.5K −$4.64/SF
EGI
$82.1K $26.32/SF
− OpEx
−$20.5K −$6.58/SF
NOI
$61.6K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,231,980
Cap Rate 7%
$879,986
Cap Rate 9%
$684,433
Alternative Uses
Best Use
Office B
$880.0K
$770.0K – $1.03M
NOI $61,599 @ 7.0% cap · market cap 9.19%
Second Best
Flex RnD
$594.7K
$520.4K – $693.8K
NOI $41,628 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,203 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Flex office/warehouse with a roll-up door, mezzanine office, and first-floor restroom in I-1 zoning.
Where is this flex space located?
The property is located at 1769 Blount Rd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $670,250.
What are key features of this property?
This property features: 3121 +/- SF office/warehouse in Pompano Beach’s Turnpike Commercial Plaza; Includes 1915 +/- SF warehouse plus a 1100 +/- SF mezzanine; 106 +/- SF office on the 2nd‑floor mezzanine, accessed via stairs
