Air-Conditioned Double
For Sale
Contact for pricing
1777 Blount Road # 515, Pompano Beach, FL 33069
Fully air-conditioned double warehouse with office/personal space, two motorized grade-level doors, and two bathrooms.
Property Size850 SF
Price / SF$488.24
Days on Market100
Property Features for 1777 Blount Road # 515
General Information
Standard status
Active
Size
850 SF
Total Parking Spaces
1
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
1983
Listing Agency:
eXp Realty
(954) 347-1732
Listed By:
Amy McGrotty · License #BK3418995
Source:
Crexi
Added: May 1
Changed: Aug 7
Last Checked: Aug 8 at 2:06PM
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
Investment Insights
Based on property information with market context.
This fully air-conditioned double warehouse includes a combination of two levels of office/personal space on one side and a spacious warehouse layout. The property features approximately 16' clear ceilings, two motorized grade-level overhead doors, and two bathrooms. The configuration is well-suited for owner use while also supporting an income approach with an additional tenant on the other side.
The building is described as being located near the Turnpike and I-95 within a high-demand I-1 industrial corridor, with easy access to both.
Additional improvements cited include a concrete T-roof installed in 2017.
The building is described as being located near the Turnpike and I-95 within a high-demand I-1 industrial corridor, with easy access to both.
Additional improvements cited include a concrete T-roof installed in 2017.
Key Highlights
- Fully air‑conditioned double warehouse with two levels of office/personal space on one side
- Approx. 16' clear ceiling height and spacious industrial layout
- 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
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 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 office/personal space, two motorized grade-level doors, and two bathrooms.
Where is this flex space located?
The property is located at 1777 Blount Road # 515 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 two levels of office/personal space on one side; Approx. 16' clear ceiling height and spacious industrial layout; Two motorized grade‑level overhead doors
