Air-Conditioned Flex
For Sale
$355,000
1773 Blount Rd 311, Pompano Beach, FL 33069
Adaptable commercial space with warehouse storage, workshop improvements, and a finished rear flex area with kitchenette and full bathroom.
Property Size955 SF
Price / SF$371.73
Days on Market46
Property Features for 1773 Blount Rd 311
General Information
Standard status
Active
Size
955 SF
Building Details
Year Built
1983
Listing Agency:
Star Alliance Realty Inc
(305) 824-7157
Listed By:
Anna Stepchenko · License #A11843521
Source:
Chenoregroup
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 6:26PM
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 Star Alliance Realty Inc
Investment Insights
Based on property information with market context.
This 955-square-foot flex property, built in 1983, is zoned I-1 and features a 20-foot ceiling height with full air conditioning. The interior includes industrial steel racking, shelving, multi-level mezzanine platforms, built-in storage, lift equipment, second-floor lift access, enhanced lighting, and a dedicated production or workshop room. The workshop includes workstations, counter space, shelving, task lighting, and ventilation. A separately enclosed rear flex area adds a finished room, kitchenette, and full bathroom.
Security and operational improvements include barred windows, a metal front entry door, a Google Nest thermostat, tankless water heater, and remodeled kitchen. The property is located at 1773 Blount Rd in Pompano Beach, with access to the Turnpike and major highways. FedEx, UPS, and USPS shipping hubs are minutes away. HOA services include water, trash, and exterior insurance.
Security and operational improvements include barred windows, a metal front entry door, a Google Nest thermostat, tankless water heater, and remodeled kitchen. The property is located at 1773 Blount Rd in Pompano Beach, with access to the Turnpike and major highways. FedEx, UPS, and USPS shipping hubs are minutes away. HOA services include water, trash, and exterior insurance.
Key Highlights
- I‑1 zoning with 20' ceiling height and full air conditioning
- 955‑square‑foot flex property built in 1983
- Industrial racking, shelving, mezzanine platforms, and lift equipment
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
$12,738
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
3.59%
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%
$254,760
$254.8K
Cap Rate 7%
$181,971
$182.0K
Cap Rate 9%
$141,533
$141.5K
Market Conditions
NOI Build-Up for 955 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
$20.6K $21.60/SF
− Vacancy
−$1.0K −$1.08/SF
EGI
$19.6K $20.52/SF
− OpEx
−$6.9K −$7.18/SF
NOI
$12.7K $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%
$254,760
Cap Rate 7%
$181,971
Cap Rate 9%
$141,533
Alternative Uses
Best Use
Flex RnD
$182.0K
$159.2K – $212.3K
NOI $12,738 @ 7.0% cap · market cap 3.59%
Second Best
Warehouse
$100.2K
$87.7K – $116.9K
NOI $7,014 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$372.5K
$325.9K – $434.5K
NOI $26,072 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial 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 - Adaptable commercial space with warehouse storage, workshop improvements, and a finished rear flex area with kitchenette and full bathroom.
Where is this flex space located?
The property is located at 1773 Blount Rd 311 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: I‑1 zoning with 20' ceiling height and full air conditioning; 955‑square‑foot flex property built in 1983; Industrial racking, shelving, mezzanine platforms, and lift equipment
