Renovated Air-Conditioned Flex
New
For Sale
$699,000
1812 SW 7th Ave, Pompano Beach, FL 33060
Renovated flex unit with warehouse area, private office, restrooms, and assigned parking.
Property Size1,200 SF
Price / SF$582.50
Days on Market3
Property Features for 1812 SW 7th Ave
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
2
Property subtype
Industrial
Zoning
BM-4
Warehouse & Industrial
Warehouse Space
812 SF
Office Build-Out
180 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,127
Amenities
5G internet antenna and router system
remotely controlled air conditioning
Building Details
Building Size
1,200 SF
Year Built
1970
Stories
1
Units
1
Listing Agency:
(561) 376-6389
Listed By:
Zachary Josef Mazur
(561) 376-6389
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 7:27AM
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 Zachary Josef Mazur
Investment Insights
Based on property information with market context.
This 1,200-square-foot flex unit combines an open warehouse and garage area with a private office, two restrooms, and two assigned parking spaces. The property was fully renovated and includes air conditioning, a 2025 mini-split system, a 9-foot clear electric garage door, and remotely controlled climate equipment. An installed 5G internet antenna and router system is also included.
Located at 1812 SW 7th Ave in Pompano Beach, the property sits within the BM-4 Heavy Business zoning district and is surrounded by similar industrial properties. Access to I-95 and Florida's Turnpike supports local and regional movement. The configuration may accommodate storage, distribution, automotive-related operations, service businesses, wholesaling, or limited light manufacturing.
Located at 1812 SW 7th Ave in Pompano Beach, the property sits within the BM-4 Heavy Business zoning district and is surrounded by similar industrial properties. Access to I-95 and Florida's Turnpike supports local and regional movement. The configuration may accommodate storage, distribution, automotive-related operations, service businesses, wholesaling, or limited light manufacturing.
Key Highlights
- 1,200‑square‑foot unit with a 29ft by 28ft warehouse/garage area
- Private office measures 18ft by 10ft and the unit includes two restrooms
- 2025 A/C Mini split with remotely controlled air conditioning
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
$23,684
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
3.39%
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%
$473,680
$473.7K
Cap Rate 7%
$338,343
$338.3K
Cap Rate 9%
$263,156
$263.2K
Market Conditions
NOI Build-Up for 1,200 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
$37.2K $30.96/SF
− Vacancy
−$5.6K −$4.64/SF
EGI
$31.6K $26.32/SF
− OpEx
−$7.9K −$6.58/SF
NOI
$23.7K $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%
$473,680
Cap Rate 7%
$338,343
Cap Rate 9%
$263,156
Alternative Uses
Best Use
Office B
$338.3K
$296.1K – $394.7K
NOI $23,684 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$228.7K
$200.1K – $266.8K
NOI $16,006 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Hitch Booth — 1831 S Dixie Hwy, Pompano Beach, FL 33062
- Infused Catering — 1790 SW 13th Ct, Pompano Beach, FL 33069
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex unit with warehouse area, private office, restrooms, and assigned parking.
Where is this flex space located?
The property is located at 1812 SW 7th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,200‑square‑foot unit with a 29ft by 28ft warehouse/garage area; Private office measures 18ft by 10ft and the unit includes two restrooms; 2025 A/C Mini split with remotely controlled air conditioning
