Flex Space with Mezzanine
For Sale
$215,000
1771 Blount Rd Unit 204, Pompano Beach, FL 33069
Flex unit combines an air-conditioned mezzanine office with ground-level warehouse space and potential expansion through the neighboring unit.
Property Size623 SF
Price / SF$345.10
Days on Market23
Property Features for 1771 Blount Rd Unit 204
General Information
Standard status
Active
Size
623 SF
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
428 SF
Office Build-Out
195 SF
Mezzanine
195 SF
Additional Details
Floor
Ground Floor
Building Details
Year Built
1983
Listing Agency:
United Realty Group, Inc
(305) 930-3114
Listed By:
Rasmy Muhamed · License #3383644
Source:
Thepennteam
Added: Aug 7
Changed: Aug 28
Last Checked: Aug 29 at 12:27PM
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 United Realty Group, Inc
Investment Insights
Based on property information with market context.
Unit 204 at 1771 Blount Rd in Pompano Beach combines a mezzanine office with warehouse area on the ground floor. The mezzanine includes A/C and measures 195 sq ft, while the warehouse area is aprx 427.50 sq ft with 17 ft clearance from the ground to the ceiling. Total square footage is aprx 622.50.
Constructed in 1983, the unit offers a practical combination of office and storage-oriented industrial space. Ste 205, a neighboring unit with the same characteristics as Ste 204, is also available and may be sold together with this unit.
Constructed in 1983, the unit offers a practical combination of office and storage-oriented industrial space. Ste 205, a neighboring unit with the same characteristics as Ste 204, is also available and may be sold together with this unit.
Key Highlights
- Aprx 622.50 total square footage
- 195 sq ft of office space on the mezzanine with A/C
- Aprx 427.50 sq ft of ground‑floor warehouse space
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
$12,296
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
5.72%
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%
$245,920
$245.9K
Cap Rate 7%
$175,657
$175.7K
Cap Rate 9%
$136,622
$136.6K
Market Conditions
NOI Build-Up for 623 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
$19.3K $30.96/SF
− Vacancy
−$2.9K −$4.64/SF
EGI
$16.4K $26.32/SF
− OpEx
−$4.1K −$6.58/SF
NOI
$12.3K $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%
$245,920
Cap Rate 7%
$175,657
Cap Rate 9%
$136,622
Alternative Uses
Best Use
Office B
$175.7K
$153.7K – $204.9K
NOI $12,296 @ 7.0% cap · market cap 5.72%
Second Best
Flex RnD
$118.7K
$103.9K – $138.5K
NOI $8,310 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$243.0K
$212.6K – $283.5K
NOI $17,008 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
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 Office 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 - Flex unit combines an air-conditioned mezzanine office with ground-level warehouse space and potential expansion through the neighboring unit.
Where is this flex space located?
The property is located at 1771 Blount Rd Unit 204 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Aprx 622.50 total square footage; 195 sq ft of office space on the mezzanine with A/C; Aprx 427.50 sq ft of ground‑floor warehouse space
