Versatile Industrial Commercial
For Sale
$355,000
Pending
1773 Blount Rd #311, Pompano Beach, FL 33069
I-1 zoned space ideal for e-commerce, warehousing, or manufacturing.
Property Size955 SF
Days on Market104
Property Features for 1773 Blount Rd #311
General Information
Standard status
Pending
Size
955 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,483
Amenities
Central air
Assigned
Central Air Cooling
Central Heating
Common
Building Details
Year Built
1983
Listing Agency:
STAR ALLIANCE REALTY INC
(305) 824-7157
Listed By:
ANNA STEPCHENKO · License #A12020467
Source:
Corcoran
Added: May 18
Changed: Aug 23
Last Checked: Aug 8 at 2:30AM
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 versatile I-1 zoned industrial commercial space offers an exceptional opportunity for various business operations, including e-commerce, warehousing, light manufacturing, assembly, fabrication, packaging, or even live/work setups. The property features a 20' ceiling height and is strategically located minutes from major shipping hubs such as FedEx, UPS, and USPS, with immediate access to the Turnpike and major highways. The space is fully air-conditioned and designed for efficiency, security, and functionality. Upgrades include industrial steel warehouse racking and shelving systems with multi-level mezzanine storage platforms, built-in storage units, and warehouse lift equipment. It also features second-floor lift access, climate control with a Google Nest thermostat, and a tankless water heater. The remodeled kitchen and enhanced electrical lighting add to the property's appeal, along with extensive security features, including bars on windows and a metal front entry door. A dedicated production/workshop room is fully equipped for light manufacturing or operational support, offering industrial workstations, expansive counter space, shelving, overhead task lighting, and ventilation. The seller-installed enclosed rear flex space adds value with a private finished room featuring a separate wall and door enclosure, kitchenette, and full bathroom. The HOA includes water, trash, and exterior insurance. The property size is 955 square feet.
Key Highlights
- I‑1 Zoning ideal for e‑commerce, warehousing, light manufacturing, or live/work.
- Strategic location with immediate access to the Turnpike and major highways, minutes from FedEx, UPS, and USPS.
- Fully air‑conditioned with 20' ceiling height and industrial steel warehouse racking and shelving systems with multi‑level mezzanine storage platforms.
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
Industrial
$82.5K
$72.2K – $96.3K
NOI $5,776 @ 7.0% cap · market cap 1.63%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - I-1 zoned space ideal for e-commerce, warehousing, or manufacturing.
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 ideal for e‑commerce, warehousing, light manufacturing, or live/work.; Strategic location with immediate access to the Turnpike and major highways, minutes from FedEx, UPS, and USPS.; Fully air‑conditioned with **20' ceiling height** and industrial steel warehouse racking and shelving systems with multi‑level mezzanine storage platforms.
