Warehouse Unit with
For Sale
$230,000
Pending
1619 W Mcnab Rd Unit 9, Pompano Beach, FL 33069
Warehouse unit built in 1999 with 3 guest facilities and one parking space.
Property Size1,678 SF
Days on Market2708
Property Features for 1619 W Mcnab Rd Unit 9
General Information
Standard status
Pending
Size
1,678 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,688
Amenities
3
1 Parking Spaces.
Building Details
Year Built
1999
Listing Agency:
Florida Realty Fusion Corp
(954) 205-7467
Listed By:
Howie Jakobi · License #606934
(954) 205-7467
Source:
Xome
Added: Mar 10, 2019
Changed: Aug 8
Last Checked: Jul 30 at 11:22AM
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.
This warehouse unit (Unit 9) is located at 1619 W McNab Rd in Pompano Beach, Florida. The building was constructed in 1999 and provides 1,678 SF of space. Interior guest facilities are listed as 3, supporting everyday on-site needs.
The property includes 1 parking space and has no pool on-site. The asset is presented as for sale under a warehouse property type.
For tenants or buyers looking for a compact warehouse unit configuration, the combination of manageable on-site space, existing guest facilities, and on-site parking can simplify baseline operating setup. Please review the unit details and confirm suitability for your intended warehouse use.
The property includes 1 parking space and has no pool on-site. The asset is presented as for sale under a warehouse property type.
For tenants or buyers looking for a compact warehouse unit configuration, the combination of manageable on-site space, existing guest facilities, and on-site parking can simplify baseline operating setup. Please review the unit details and confirm suitability for your intended warehouse use.
Key Highlights
- 1,678 SF warehouse unit (Unit 9)
- Built in 1999
- 3 guest facilities
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
$12,324
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
5.36%
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%
$246,480
$246.5K
Cap Rate 7%
$176,057
$176.1K
Cap Rate 9%
$136,933
$136.9K
Market Conditions
NOI Build-Up for 1,678 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
$14.9K $8.88/SF
− Vacancy
−$402 −$0.24/SF
EGI
$14.5K $8.64/SF
− OpEx
−$2.2K −$1.30/SF
NOI
$12.3K $7.34/SF
Area
Pompano Beach, FL
Vacancy
2.70%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
15.00%
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%
$246,480
Cap Rate 7%
$176,057
Cap Rate 9%
$136,933
Alternative Uses
Best Use
Warehouse
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.4K
$572.6K – $763.5K
NOI $45,809 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,189
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse unit built in 1999 with 3 guest facilities and one parking space.
Where is this warehouse located?
The property is located at 1619 W Mcnab Rd Unit 9 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,678 SF warehouse unit (Unit 9); Built in 1999; 3 guest facilities
