Medical Office
For Sale
Contact for pricing
2701 E Atlantic Blvd, Pompano Beach, FL 33062
Medical or office property positioned between Federal Highway and the Intracoastal Waterway, near I-95.
Property Size8,402 SF
Price / SF$535.59
Days on Market678
Property Features for 2701 E Atlantic Blvd
General Information
Standard status
Active
Size
8,402 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
RCG Commercial Realty
Listed By:
Alex Rich
(954) 554-1526
Source:
Moodyscre
Added: Oct 25, 2024
Changed: Aug 31
Last Checked: Sep 1 at 11:31PM
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 RCG Commercial Realty
Investment Insights
Based on property information with market context.
This 8402-square-foot medical office property is located at 2701 E Atlantic Blvd in Pompano Beach, Florida. The asset is identified for medical or office use and offers a substantial commercial footprint for an investor or owner-user seeking specialized workspace.
The property sits between Federal Hwy and the Intercoastal Waterway, with close proximity to I-95. Its Atlantic Boulevard address places the building within the Pompano Beach market and provides access to major regional transportation routes.
The property sits between Federal Hwy and the Intercoastal Waterway, with close proximity to I-95. Its Atlantic Boulevard address places the building within the Pompano Beach market and provides access to major regional transportation routes.
Key Highlights
- 8402 square feet of medical office space
- Located at 2701 E Atlantic Blvd, Pompano Beach, FL 33062
- Positioned between Federal Hwy and the Intercoastal Waterway
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
$165,830
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
3.69%
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%
$3,316,600
$3.3M
Cap Rate 7%
$2,369,000
$2.4M
Cap Rate 9%
$1,842,556
$1.8M
Market Conditions
NOI Build-Up for 8,402 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
$260.1K $30.96/SF
− Vacancy
−$39.0K −$4.64/SF
EGI
$221.1K $26.32/SF
− OpEx
−$55.3K −$6.58/SF
NOI
$165.8K $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%
$3,316,600
Cap Rate 7%
$2,369,000
Cap Rate 9%
$1,842,556
Alternative Uses
Best Use
Office B
$2.37M
$2.07M – $2.76M
NOI $165,830 @ 7.0% cap · market cap 3.69%
Second Best
Healthcare Medical
$1.81M
$1.58M – $2.11M
NOI $126,585 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,375 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal House Calls — 330 SE 13th Ave, Pompano Beach, FL 33060
- Tams Todd DVM — 415 S Federal Hwy, Pompano Beach, FL 33062, United States
- Veterinary Cardiopulmonary Care Center — 415 S Federal Hwy, Pompano Beach, FL 33062
- Veterinario — 35 NE 25th Ave, Pompano Beach, FL 33062
- Atlantic Animal Clinic — 35 NE 25th Ave, Pompano Beach, FL 33062
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical or office property positioned between Federal Highway and the Intracoastal Waterway, near I-95.
Where is this medical office space located?
The property is located at 2701 E Atlantic Blvd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 8402 square feet of medical office space; Located at 2701 E Atlantic Blvd, Pompano Beach, FL 33062; Positioned between Federal Hwy and the Intercoastal Waterway
