Air-Conditioned Warehouse
For Sale
$415,000
1777 Blount Road, Pompano Beach, FL 33069
Commercial Sale, Pompano Beach, FL
Property Size850 SF
Price / SF$488.24
Days on Market133
Property Features for 1777 Blount Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Parking
1
Subdivision
3428
Standard status
Active
APN
484228aa0790
Size
850 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TURNPIKE COMMERCIAL PLAZA CONDO UNIT 515 BLDG 5 PER CDO BK/PG: 10751/906
Tax Annual Amount
5580
HOA Fee
$400 Monthly
Legal Description
TURNPIKE COMMERCIAL PLAZA CONDO UNIT 515 BLDG 5 PER CDO BK/PG: 10751/906
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Flooring type
Concrete
Building materials
Concrete Block - No Stucco
Roof type
Concrete
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Amy McGrotty · License #3418995
(954) 347-1732
Added: Apr 30
Changed: Sep 8
Last Checked: Sep 9 at 2:06PM
MLS# B26023239
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 850-square-foot warehouse building, constructed in 1983, combines air-conditioned industrial space with office areas distributed over two floors on one side. The building has approximately 16-foot clear ceilings, two motorized grade-level overhead doors, two bathrooms, concrete-block construction, and concrete flooring. A concrete roof was installed in 2017, while central air and central heating serve the property.
The property is located at 1777 Blount Road in Pompano Beach, within an I-1-zoned industrial corridor. Access to the Florida Turnpike and I-95 supports regional connectivity. Public water and public sewer serve the site, and cable service is available.
The property is located at 1777 Blount Road in Pompano Beach, within an I-1-zoned industrial corridor. Access to the Florida Turnpike and I-95 supports regional connectivity. Public water and public sewer serve the site, and cable service is available.
Key Highlights
- 850 square feet of warehouse space
- Approximately 16‑foot clear ceilings
- Two motorized grade‑level overhead doors
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
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Open 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
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - I-1-zoned industrial building with office areas, grade-level loading, and direct access to major regional highways.
Where is this warehouse 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: 850 square feet of warehouse space; Approximately 16‑foot clear ceilings; Two motorized grade‑level overhead doors
