Air-Conditioned Double
For Sale
$399,000
1777 Blount Road 515, Pompano Beach, FL 33069
Includes two levels of office space, grade-level loading, and flexible industrial functionality.
Property Size850 SF
Price / SF$469.41
Days on Market20
Property Features for 1777 Blount Road 515
General Information
Standard status
Active
Size
850 SF
Zoning
I-1
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Listing Agency:
EXP Realty LLC
Listed By:
Amy McGrotty · License #B26026538
(954) 347-1732
Source:
Thepennteam
Added: Sep 9
Changed: Sep 18
Last Checked: Sep 28 at 9:56AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 1983 warehouse property combines two connected warehouse areas with full air conditioning and a functional office component. One side includes two levels of office or personal space, while the warehouse area provides approximately 16-foot clear ceilings, two motorized grade-level overhead doors, and two bathrooms. The configuration can accommodate owner occupancy with space for a separate tenant on the other side.
The property is positioned in an I-1 industrial corridor near the Turnpike and I-95, providing access to regional transportation routes. A concrete T-roof installed in 2017 adds a significant capital improvement to the building. The combination of conditioned space, office areas, loading access, and industrial zoning supports a range of service, industrial, and creative uses.
The property is positioned in an I-1 industrial corridor near the Turnpike and I-95, providing access to regional transportation routes. A concrete T-roof installed in 2017 adds a significant capital improvement to the building. The combination of conditioned space, office areas, loading access, and industrial zoning supports a range of service, industrial, and creative uses.
Key Highlights
- Approximately 16' clear ceilings in the warehouse area
- Two motorized grade‑level overhead doors
- Fully air‑conditioned double warehouse configuration
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
$11,337
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
2.84%
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%
$226,740
$226.7K
Cap Rate 7%
$161,957
$162.0K
Cap Rate 9%
$125,967
$126.0K
Market Conditions
NOI Build-Up for 850 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
$18.4K $21.60/SF
− Vacancy
−$918 −$1.08/SF
EGI
$17.4K $20.52/SF
− OpEx
−$6.1K −$7.18/SF
NOI
$11.3K $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%
$226,740
Cap Rate 7%
$161,957
Cap Rate 9%
$125,967
Alternative Uses
Best Use
Flex RnD
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 2.84%
Second Best
Warehouse
$89.2K
$78.0K – $104.1K
NOI $6,243 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
777
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.
Similar Off Market Nearby
- Allstar Coaches RV Rentals — 2851 Dr Martin Luther King Blvd, Pompano Beach, FL 33069
- East Coast Perfection Marine — 2201 Hammondville Rd #250a, Pompano Beach, FL 33069
- Pompano Self Storage — 2551 NW 15th Ct, Pompano Beach, FL 33069
- Canam / Hambro Distribution Yard — 2500 NW 16th St, Pompano Beach, FL 33069
- BSO Evidence Storage — 1600 NW 30th Ave, Pompano Beach, FL 33069
Frequently Asked Questions
What type of property is this?
Warehouse - Includes two levels of office space, grade-level loading, and flexible industrial functionality.
Where is this warehouse located?
The property is located at 1777 Blount Road 515 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 16' clear ceilings in the warehouse area; Two motorized grade‑level overhead doors; Fully air‑conditioned double warehouse configuration
