Two-Story Flex Industrial
For Sale
$265,000
1775 Blount Rd Unit 410, Pompano Beach, FL 33069
I-1 zoning supports office, storage, distribution, and service-based business uses.
Property Size870 SF
Price / SF$304.60
Days on Market40
Property Features for 1775 Blount Rd Unit 410
General Information
Standard status
Active
Size
870 SF
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1983
Stories
2
Listing Agency:
APEX Capital Realty LLC
(305) 570-2600
Listed By:
Miguel Angel Pinto · License #3313310
Source:
Thepennteam
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 25 at 5:43AM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This two-level flex industrial condominium contains ±870 SF, arranged as approximately ±435 SF on each floor. The interior offers an open configuration suited to combining office functions with operational space. An electric roll-up bay door supports goods movement, while on-site parking and signage above the unit add practical functionality for an operating business.
The property is located at 1775 Blount Rd Unit 410 in Pompano Beach, with connections to the Florida Turnpike, I-95, West Copans Road, and West Atlantic Boulevard. I-1 General Industrial zoning supports a range of stated uses, including light manufacturing, storage, distribution, and service-based businesses. Built in 1983, the unit provides a flexible format for an owner-user seeking office and industrial space in one condominium.
The property is located at 1775 Blount Rd Unit 410 in Pompano Beach, with connections to the Florida Turnpike, I-95, West Copans Road, and West Atlantic Boulevard. I-1 General Industrial zoning supports a range of stated uses, including light manufacturing, storage, distribution, and service-based businesses. Built in 1983, the unit provides a flexible format for an owner-user seeking office and industrial space in one condominium.
Key Highlights
- ±870 SF industrial condo configured across two floors
- Approximately ±435 SF on each floor
- I‑1 (General Industrial) zoning
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
$17,171
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
6.48%
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%
$343,420
$343.4K
Cap Rate 7%
$245,300
$245.3K
Cap Rate 9%
$190,789
$190.8K
Market Conditions
NOI Build-Up for 870 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
$26.9K $30.96/SF
− Vacancy
−$4.0K −$4.64/SF
EGI
$22.9K $26.32/SF
− OpEx
−$5.7K −$6.58/SF
NOI
$17.2K $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%
$343,420
Cap Rate 7%
$245,300
Cap Rate 9%
$190,789
Alternative Uses
Best Use
Office B
$245.3K
$214.6K – $286.2K
NOI $17,171 @ 7.0% cap · market cap 6.48%
Second Best
Flex RnD
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$339.3K
$296.9K – $395.9K
NOI $23,751 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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 zoning supports office, storage, distribution, and service-based business uses.
Where is this flex space located?
The property is located at 1775 Blount Rd Unit 410 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: ±870 SF industrial condo configured across two floors; Approximately ±435 SF on each floor; I‑1 (General Industrial) zoning
