Two-Bay Warehouse with
For Sale
$1,395,000
Pending
151 SW 5th Street, Pompano Beach, FL 33060
COMMERCIAL - Pompano Beach, FL
Property Size4,272 SF
Lot Size0.14 Acres
Days on Market1549
Property Features for 151 SW 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Parking
4
Directions
Cypress Road south from Atlantic Blvd. to SW 5th Street, west to building on right side.
Subdivision
3342
Standard status
Pending
APN
494202150290
Size
4,272 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
POMPANO BEACH INDUSTRIAL CENTER 39-24 B LOT 16 BLK 2
Tax Annual Amount
9894
Legal Description
POMPANO BEACH INDUSTRIAL CENTER 39-24 B LOT 16 BLK 2
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Block
Listing Agency:
Balistreri Real Estate Inc
(954) 545-1600
Listed By:
Toby Blom · License #657333
(754) 235-7012
Added: May 13, 2022
Changed: Aug 4
Last Checked: Aug 8 at 4:06PM
MLS# F10332913
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 two-bay warehouse building has been completely refurbished, including a new roof and impact-resistant entrance/garage doors and windows. The electric has been fully updated with 200+ amp 3-phase power in both bays, and the interior is freshly painted.
The east bay has been used as an office and storage area, is fully air-conditioned, and includes a new bathroom with a shower and a washer hookup. The west bay has been used for vehicle and boat storage and is fully plumbed for installation of a bathroom.
The property is for sale and is zoned B-4. It is located in east Pompano Beach, Florida, with a lot size of 0.14 acres and a total building size of 4,272 square feet.
The east bay has been used as an office and storage area, is fully air-conditioned, and includes a new bathroom with a shower and a washer hookup. The west bay has been used for vehicle and boat storage and is fully plumbed for installation of a bathroom.
The property is for sale and is zoned B-4. It is located in east Pompano Beach, Florida, with a lot size of 0.14 acres and a total building size of 4,272 square feet.
Key Highlights
- Completely refurbished with new roof, impact‑resistant doors/windows, and updated electrical (200+ amp 3‑phase power in both bays).
- Two‑bay warehouse building suitable for various uses.
- East bay is fully air‑conditioned with a new bathroom (shower) and washer hookup.
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
$84,316
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
6.04%
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%
$1,686,320
$1.7M
Cap Rate 7%
$1,204,514
$1.2M
Cap Rate 9%
$936,844
$936.8K
Market Conditions
NOI Build-Up for 4,272 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
$132.3K $30.96/SF
− Vacancy
−$19.8K −$4.64/SF
EGI
$112.4K $26.32/SF
− OpEx
−$28.1K −$6.58/SF
NOI
$84.3K $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%
$1,686,320
Cap Rate 7%
$1,204,514
Cap Rate 9%
$936,844
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.41M
NOI $84,316 @ 7.0% cap · market cap 6.04%
Second Best
Flex RnD
$814.0K
$712.3K – $949.7K
NOI $56,980 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,626 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,766
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Spanx the Hog BBQ & Saloon — 147 S Cypress Rd, Pompano Beach, FL 33060
- Bae's Burgers and Grilled Cheese Food Truck & Catering
- The Catering Group — 121 SW 5th St, Pompano Beach, FL 33060
- Affairs D'Elegance / TCG Catering — 121 sw 5th st, pompano beach, fl 33060
- PEACOCK'S PANTRY BOUTIQUE CATERING — 635 E Atlantic Blvd, Pompano Beach, FL 33060
Frequently Asked Questions
What type of property is this?
Flex space - Refurbished two-bay warehouse offers updated roof, impact-resistant doors and windows, and 200+ amp 3-phase power in both bays.
Where is this flex space located?
The property is located at 151 SW 5th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Completely refurbished with new roof, impact‑resistant doors/windows, and updated electrical (200+ amp 3‑phase power in both bays).; Two‑bay warehouse building suitable for various uses.; East bay is fully air‑conditioned with a new bathroom (shower) and washer hookup.
