Pompano Beach Industrial
For Sale
Contact for pricing
2303 W McNab Road, Pompano Beach, FL 33069
Multi-tenant industrial warehouse in Pompano Beach, Florida.
Property Size42,678 SF
Lot Size2.15 Acres
Price / SF$230
Days on Market109
Property Features for 2303 W McNab Road
General Information
Standard status
Active
Size
42,678 SF
Class
C
Lot size
2.15 Acres
Property subtype
Industrial, Office, Self Storage
Zoning
I-1 (Light Industrial)
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$421,164
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Fisher Bray Real Estate Group
(954) 462-8522
Listed By:
John Bray · License #BK3120294
Source:
Crexi
Added: May 12
Changed: Aug 26
Last Checked: Aug 25 at 8:15PM
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 Fisher Bray Real Estate Group
Investment Insights
Based on property information with market context.
Located at 2303 W McNab Road in Pompano Beach, Florida, this multi-tenant industrial warehouse property is situated on approximately 2.15 acres and encompasses roughly 42,678 square feet. The property benefits from accessibility to I-95, the Florida Turnpike, and the greater Fort Lauderdale industrial corridor. Its central Broward location allows tenants to efficiently service all of South Florida. The asset offers in-place income with upside potential through lease renewals, rent growth, and occupancy optimization. The property’s diversified tenant mix and functional small-bay industrial layout help minimize vacancy exposure while supporting long-term tenant retention. Broward County’s industrial market continues to experience historically low vacancy rates, limited new supply, and rising rental rates. The property is attractive to private investors, 1031 exchange buyers, family offices, and value-add industrial investors seeking cash flow with future appreciation potential. Small-bay industrial product throughout South Florida has become increasingly difficult to replicate due to rising land and construction costs, creating long-term fundamentals for existing assets. The property may also present future redevelopment or repositioning opportunities depending on market conditions and zoning allowances. It is suitable for service, distribution, contractor, automotive, and storage-related tenants.
Key Highlights
- Prime location in a strong Broward County industrial submarket with excellent access to I‑95 and the Florida Turnpike.
- Stable in‑place income with significant upside potential through lease renewals, rent growth, and occupancy optimization.
- Approximately 42,678 square feet on 2.15 acres, suitable for a wide range of tenants.
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
$404,383
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
4.12%
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%
$8,087,660
$8.1M
Cap Rate 7%
$5,776,900
$5.8M
Cap Rate 9%
$4,493,144
$4.5M
Market Conditions
NOI Build-Up for 42,678 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
$614.6K $14.40/SF
− Vacancy
−$36.9K −$0.86/SF
EGI
$577.7K $13.54/SF
− OpEx
−$173.3K −$4.06/SF
NOI
$404.4K $9.48/SF
Area
Pompano Beach, FL
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$8,087,660
Cap Rate 7%
$5,776,900
Cap Rate 9%
$4,493,144
Alternative Uses
Best Use
Self Storage
$5.78M
$5.05M – $6.74M
NOI $404,383 @ 7.0% cap · market cap 4.12%
Second Best
Warehouse
$4.48M
$3.92M – $5.22M
NOI $313,436 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$16.64M
$14.56M – $19.42M
NOI $1,165,109 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,347
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial warehouse in Pompano Beach, Florida.
Where is this warehouse located?
The property is located at 2303 W McNab Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $9,815,940.
What are key features of this property?
This property features: Prime location in a strong Broward County industrial submarket with excellent access to I‑95 and the Florida Turnpike.; Stable in‑place income with significant upside potential through lease renewals, rent growth, and occupancy optimization.; Approximately 42,678 square feet on 2.15 acres, suitable for a wide range of tenants.
