Warehouse Condo with Office
For Sale
$350,000
1791 Blount Road #607, Pompano Beach, FL 33069
Well-maintained 975 SF warehouse condo includes an office area and high ceilings in Turnpike Commercial Plaza.
Property Size975 SF
Days on Market20
Property Features for 1791 Blount Road #607
General Information
Standard status
Active
Size
975 SF
Total Parking Spaces
2
Zoning
I-1
Taxes and HOA fees
Annual Taxes
$5,001
Building Details
Building Size
975 SF
Year Built
1984
Stories
1
Listing Agency:
America Realty, Inc.
(954) 274-6965
Listed By:
Vaneska M Freitas
(954) 274-6965
Source:
Laerrealty
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 12 at 3:33AM
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 America Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained 975 SF warehouse condo offers a practical combination of warehouse space and office area, with high ceilings throughout the warehouse portion. The layout supports flexible light industrial and workspace needs for an owner-user or an investor looking for a warehouse condo configuration.
The unit is located in Turnpike Commercial Plaza and is just minutes from Florida’s Turnpike, providing convenient regional access for business operations.
The offering is for sale and includes the warehouse condo unit at 1791 Blount Road, #607, in Pompano Beach, Florida.
The unit is located in Turnpike Commercial Plaza and is just minutes from Florida’s Turnpike, providing convenient regional access for business operations.
The offering is for sale and includes the warehouse condo unit at 1791 Blount Road, #607, in Pompano Beach, Florida.
Key Highlights
- 975 SF warehouse condo in Turnpike Commercial Plaza
- Well‑maintained unit with warehouse space plus office area
- High ceilings in the warehouse portion
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
$19,244
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
5.50%
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%
$384,880
$384.9K
Cap Rate 7%
$274,914
$274.9K
Cap Rate 9%
$213,822
$213.8K
Market Conditions
NOI Build-Up for 975 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
$30.2K $30.96/SF
− Vacancy
−$4.5K −$4.64/SF
EGI
$25.7K $26.32/SF
− OpEx
−$6.4K −$6.58/SF
NOI
$19.2K $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%
$384,880
Cap Rate 7%
$274,914
Cap Rate 9%
$213,822
Alternative Uses
Best Use
Office B
$274.9K
$240.6K – $320.7K
NOI $19,244 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$380.3K
$332.7K – $443.6K
NOI $26,618 @ 7.0% cap · market cap 7.61%
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 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 - Well-maintained 975 SF warehouse condo includes an office area and high ceilings in Turnpike Commercial Plaza.
Where is this flex space located?
The property is located at 1791 Blount Road #607 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 975 SF warehouse condo in Turnpike Commercial Plaza; Well‑maintained unit with warehouse space plus office area; High ceilings in the warehouse portion
