NNN Medical Office
For Sale
$998,000
2400 West Sample Road Unit 4, Pompano Beach, FL 33069
Urgent care occupancy supports a structured commercial lease with tenant-paid property taxes and association fees.
Property Size2,508 SF
Price / SF$397.93
Days on Market2497
Property Features for 2400 West Sample Road Unit 4
General Information
Standard status
Active
Size
2,508 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Additional Details
Cap Rate
5.6%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,976
Building Details
Year Built
2006
Construction
concrete tilt wall
Tenancy
Single
Owner Occupied
No
Listing Agency:
Eflanli, LLC.
(954) 744-6444
Listed By:
Mehmet Eflanli · License #0669358
(954) 744-6444
Source:
Compass
Added: Oct 30, 2019
Changed: Aug 29
Last Checked: Mar 25 at 4:56PM
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 Eflanli, LLC.
Investment Insights
Based on property information with market context.
This NNN medical office property is occupied by Premier Urgent Care, an essential-service operator that has remained at the site for 15 years. A new 5 year Extension was signed in 2019, with 2.5% annual lease increases. The tenant is responsible for property taxes and association fees, while those fees cover exterior maintenance, the roof, exterior insurance, water, security, and parking. The reported CAP is 5.6%.
The newer building features hurricane impact glass windows and concrete tilt-wall construction. Located on busy Sample Road in Pompano Beach, the property is next to a luxury car dealership, within walking distance of Festival Market Mall, and across from a new Wawa gas station. The site also offers direct exit access from I-95 and the Turnpike.
The newer building features hurricane impact glass windows and concrete tilt-wall construction. Located on busy Sample Road in Pompano Beach, the property is next to a luxury car dealership, within walking distance of Festival Market Mall, and across from a new Wawa gas station. The site also offers direct exit access from I-95 and the Turnpike.
Key Highlights
- 5.6% CAP NNN structure with 2.5% yearly increases
- Premier Urgent Care has occupied the location for 15 years
- New 5 year Extension signed in 2019
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
$49,500
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
4.96%
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%
$990,000
$990.0K
Cap Rate 7%
$707,143
$707.1K
Cap Rate 9%
$550,000
$550.0K
Market Conditions
NOI Build-Up for 2,508 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
$77.6K $30.96/SF
− Vacancy
−$11.6K −$4.64/SF
EGI
$66.0K $26.32/SF
− OpEx
−$16.5K −$6.58/SF
NOI
$49.5K $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%
$990,000
Cap Rate 7%
$707,143
Cap Rate 9%
$550,000
Alternative Uses
Best Use
Office B
$707.1K
$618.8K – $825.0K
NOI $49,500 @ 7.0% cap · market cap 4.96%
Second Best
Healthcare Medical
$539.8K
$472.3K – $629.8K
NOI $37,786 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$978.1K
$855.9K – $1.14M
NOI $68,468 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
NNN property - Urgent care occupancy supports a structured commercial lease with tenant-paid property taxes and association fees.
Where is this nnn property located?
The property is located at 2400 West Sample Road Unit 4 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 5.6% CAP NNN structure with 2.5% yearly increases; Premier Urgent Care has occupied the location for 15 years; New 5 year Extension signed in 2019
