Air-Conditioned Flex
For Sale
$365,000
1791 Blount Road, Pompano Beach, FL 33069
Commercial Sale, Pompano Beach, FL
Property Size975 SF
Price / SF$374.36
Days on Market119
Property Features for 1791 Blount Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Parking
1
Parking features
Guest, Assigned
Subdivision
3428
Standard status
Active
APN
484228ab0060
Size
975 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TURNPIKE COMMERCIAL PLAZA PHASE II CONDO UNIT 606 PER CDO BK/PG: 11752/712
Tax Annual Amount
6565
HOA Fee
$189 Annually
Legal Description
TURNPIKE COMMERCIAL PLAZA PHASE II CONDO UNIT 606 PER CDO BK/PG: 11752/712
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Amy McGrotty · License #3418995
(954) 347-1732
Added: May 8
Changed: Aug 31
Last Checked: Sep 3 at 6:06PM
MLS# B26026538
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 975-square-foot flex unit combines a conditioned interior with a front office, full bathroom, and warehouse area. The space features 16-foot ceilings, concrete flooring, block construction, and a grade-level door. Built in 1984, the property is suited to industrial, service, creative, or storage-oriented operations supported by the I-1 zoning designation.
The unit is positioned near the Turnpike and I-95 in Pompano Beach. Assigned and guest parking are available, while public water and public sewer serve the property. Cable is also available.
The unit is positioned near the Turnpike and I-95 in Pompano Beach. Assigned and guest parking are available, while public water and public sewer serve the property. Cable is also available.
Key Highlights
- 975 square feet of flex space with air conditioning
- 16‑foot ceilings and a grade‑level door
- Front office, full bathroom, and warehouse area
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
$13,005
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
3.56%
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%
$260,100
$260.1K
Cap Rate 7%
$185,786
$185.8K
Cap Rate 9%
$144,500
$144.5K
Market Conditions
NOI Build-Up for 975 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
$21.1K $21.60/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$20.0K $20.52/SF
− OpEx
−$7.0K −$7.18/SF
NOI
$13.0K $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%
$260,100
Cap Rate 7%
$185,786
Cap Rate 9%
$144,500
Alternative Uses
Best Use
Flex RnD
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 3.56%
Second Best
Warehouse
$102.3K
$89.5K – $119.4K
NOI $7,161 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$380.3K
$332.7K – $443.6K
NOI $26,618 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
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 Industrial in South region
Questions? Ask Rey
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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 - I-1-zoned unit with office, bathroom, warehouse area, and access to industrial, service, or creative uses.
Where is this flex space located?
The property is located at 1791 Blount Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 975 square feet of flex space with air conditioning; 16‑foot ceilings and a grade‑level door; Front office, full bathroom, and warehouse area
