Pompano Beach Medical
For Sale
Contact for pricing
1600 E Atlantic Blvd, Pompano Beach, FL 33060
Fully leased medical building on Atlantic Blvd in Pompano Beach.
Property Size6,344 SF
Price / SF$394.07
Days on Market678
Property Features for 1600 E Atlantic Blvd
General Information
Standard status
Active
Size
6,344 SF
Class
B
Property subtype
Office
Zoning
TO-EOD
Building Details
Year Built
1971
Listing Agency:
The Keyes Company
Listed By:
Michelle Li · License #3543843
Source:
Crexi
Added: Sep 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:05AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This two-story medical building is located next to US1 in Pompano Beach. The property is fully leased to tenants in the medical field and features an elevator. The building has passed its 40-year inspection, and the roof, AC, and elevator are reported to be in great condition. The property includes ample parking space. Situated on Atlantic Avenue, the location benefits from high traffic, with over 40,000 cars passing daily. The building size is 6,344 square feet.
Key Highlights
- Fully leased medical building providing immediate income.
- Prime location next to US1 and right on Atlantic Ave in Pompano Beach with high traffic count (over 40,000 daily).
- Two‑story building with elevator access.
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
$125,212
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
5.01%
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%
$2,504,240
$2.5M
Cap Rate 7%
$1,788,743
$1.8M
Cap Rate 9%
$1,391,244
$1.4M
Market Conditions
NOI Build-Up for 6,344 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
$196.4K $30.96/SF
− Vacancy
−$29.5K −$4.64/SF
EGI
$166.9K $26.32/SF
− OpEx
−$41.7K −$6.58/SF
NOI
$125.2K $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%
$2,504,240
Cap Rate 7%
$1,788,743
Cap Rate 9%
$1,391,244
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,212 @ 7.0% cap · market cap 5.01%
Second Best
Healthcare Medical
$1.37M
$1.19M – $1.59M
NOI $95,579 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,191 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,943
Businesses Nearby
Under-served
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
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- Tams Todd DVM — 415 S Federal Hwy, Pompano Beach, FL 33062, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical building on Atlantic Blvd in Pompano Beach.
Where is this medical office space located?
The property is located at 1600 E Atlantic Blvd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully leased medical building providing immediate income.; Prime location next to US1 and right on Atlantic Ave in Pompano Beach with high traffic count (over 40,000 daily).; Two‑story building with elevator access.
