Air-Conditioned Double Warehouse with
For Sale
$415,000
1777 Blount Road, Pompano Beach, FL 33069
Fully air-conditioned double warehouse with two motorized grade-level doors, about 16' clear ceilings, and two bathrooms.
Property Size850 SF
Price / SF$488.24
Days on Market103
Property Features for 1777 Blount Road
General Information
Standard status
Active
Size
850 SF
Property subtype
General Commercial
Zoning
I-1
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,580
Amenities
3
1 Parking Spaces.
Building Details
Year Built
1983
Listing Agency:
EXP Realty LLC
(954) 347-1732
Listed By:
Amy McGrotty · License #BK3418995
(954) 347-1732
Source:
Xome
Added: Apr 28
Changed: Aug 7
Last Checked: Aug 8 at 3:49AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This fully air-conditioned double warehouse offers a functional split for either owner-occupancy or income, with a combination of two levels of office and personal space on one side. The warehouse portion is designed for usable capacity, featuring approximately 16' clear ceilings, two motorized grade-level overhead doors, and two bathrooms to support a range of industrial and service-oriented needs. A concrete T-roof installed in 2017 adds durability to the overall structure.
The property is located in Pompano Beach, Florida, with easy access to the Turnpike and I-95. The building’s configuration supports tenant flexibility, including the opportunity to occupy one side while offsetting expenses with a tenant on the other.
With its air-conditioned interior environment, grade-level loading, and office complement, this is a practical option for users seeking warehouse space with built-in administrative areas.
The property is located in Pompano Beach, Florida, with easy access to the Turnpike and I-95. The building’s configuration supports tenant flexibility, including the opportunity to occupy one side while offsetting expenses with a tenant on the other.
With its air-conditioned interior environment, grade-level loading, and office complement, this is a practical option for users seeking warehouse space with built-in administrative areas.
Key Highlights
- Fully air‑conditioned double warehouse with flexible owner‑user or income potential
- Two motorized grade‑level overhead doors and approximately 16' clear ceilings
- Two bathrooms and office/personal space plus a spacious industrial layout
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
$16,776
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
4.04%
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%
$335,520
$335.5K
Cap Rate 7%
$239,657
$239.7K
Cap Rate 9%
$186,400
$186.4K
Market Conditions
NOI Build-Up for 850 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
$26.3K $30.96/SF
− Vacancy
−$3.9K −$4.64/SF
EGI
$22.4K $26.32/SF
− OpEx
−$5.6K −$6.58/SF
NOI
$16.8K $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%
$335,520
Cap Rate 7%
$239,657
Cap Rate 9%
$186,400
Alternative Uses
Best Use
Office B
$239.7K
$209.7K – $279.6K
NOI $16,776 @ 7.0% cap · market cap 4.04%
Second Best
Flex RnD
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway 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
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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 - Fully air-conditioned double warehouse with two motorized grade-level doors, about 16' clear ceilings, and two bathrooms.
Where is this flex space located?
The property is located at 1777 Blount Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Fully air‑conditioned double warehouse with flexible owner‑user or income potential; Two motorized grade‑level overhead doors and approximately 16' clear ceilings; Two bathrooms and office/personal space plus a spacious industrial layout
