Retail/Office Redevelopment
2025 N Dixie Hwy Pompano Beach, FL 33060
2025 N Dixie Hwy, Pompano Beach, FL, 33060
$8,000,000
For Sale
$8,000,000
Existing retail/office generating $570,000+ annual income and zoned for church, schools, and Live Local redevelopment.
Property Size26,808 SF
Lot Size1.54 Acres
Price / SF$298.42
Days on Market190
Property Features for 2025 N Dixie Hwy
General Information
- Standard status
- Active
- Size
- 26,808 SF
- Lot size
- 1.54 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agency
RE/MAX 5 STAR REALTY
(305) 968-6238
Listed by
RANDALL SANZ · License #A11943771
Source
Corcoran
Added: Jan 12 Updated: Jul 20 at 4:48PM Checked: Jul 21 at 5:05AM
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 RE/MAX 5 STAR REALTY
Investment Insights
Based on property information with market context.
This for-sale redevelopment site at 2025 N Dixie Hwy (SR-811) in Pompano Beach includes 1.54 acres improved with 26,808 SF of existing retail/office buildings currently generating $570,000+ in annual income. The property is positioned for a future by-right residential development totaling 140 units under Florida’s Live Local Act, subject to site plan approval.
According to the provided information, in-place rents average approximately $21/SF and are materially below documented market leases in the $28–$32/SF range. That spread supports a path to near-term NOI growth through lease renewals and re-tenanting while the redevelopment entitlement and planning process is underway.
According to the provided information, in-place rents average approximately $21/SF and are materially below documented market leases in the $28–$32/SF range. That spread supports a path to near-term NOI growth through lease renewals and re-tenanting while the redevelopment entitlement and planning process is underway.
Key Highlights
- ±1.54‑acre property with 26,808 SF of existing retail/office buildings generating $570,000+ in annual income
- Zoned for church, schools, and Live Local redevelopment on North Dixie Highway (SR‑811), Pompano Beach
- Redevelopment supported by‑right for a future 140‑unit residential project under Florida’s Live Local Act, subject to site plan approval
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $965.1k | $36.00 |
| − Vacancy | −$34.7k | −$1.30 |
| EGI | $930.3k | $34.70 |
| − OpEx | −$279.1k | −$10.41 |
| NOI | $651.2k | $24.29 |
26,808 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.30M
$8.14M – $10.85M
NOI $651,241 @ 7.0% cap · market cap 8.14%
Second Best
Office B
$7.56M
$6.61M – $8.82M
NOI $529,109 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$10.46M
$9.15M – $12.20M
NOI $731,858 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ml unisex beauty ...
Barber Shop
Lazaro Salgado, APRN
Physician
ML Unisex Barbershop
Barber Shop
Thierre Alphonse, APRN
Physician
Sandra Beauty Supply ...
Cosmetic Store
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FAQs
What type of property is this?
Office building - Existing retail/office generating $570,000+ annual income and zoned for church, schools, and Live Local redevelopment.
Where is this office building located?
The property is located at 2025 N Dixie Hwy Pompano Beach, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: ±1.54‑acre property with 26,808 SF of existing retail/office buildings generating $570,000+ in annual income; Zoned for church, schools, and Live Local redevelopment on North Dixie Highway (SR‑811), Pompano Beach; Redevelopment supported by‑right for a future 140‑unit residential project under Florida’s Live Local Act, subject to site plan approval
