Freestanding Flex
New
For Sale
$1,340,000
231 SW 5th Court, Pompano Beach, FL 33060
B-4 Heavy Business zoning accommodates commercial and industrial applications, subject to buyer verification.
Property Size4,100 SF
Lot Size0.14 Acres
Price / SF$326.83
Days on Market7
Property Features for 231 SW 5th Court
General Information
Standard status
Active
Size
4,100 SF
Lot size
0.14 Acres
Property subtype
Industrial
Zoning
B-4 Heavy Business
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Acres: 0.14, Square Feet: 6004, Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
Roof: Pre-Stressed Roof, Concrete
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 494202150630, Tax Annual Amount: $14,433, Tax Legal Description: POMPANO BEACH INDUSTRIAL CENTER 39-24 B LOT 27 BLK 3, Tax Year: 2025
Flooring: Concrete
Cooling: Central Air
Heating: None
Business Type: Industrial, Special Listing Conditions: Sale, Standard Status: Active
Parking Total: 4
Construction Materials: Concrete Block Construction, Slab Construction, Stucco, Levels: 1, Stories: 1, Year Built: 1962, Year Built Details: Resale, Building Area Total: 4100, Building Features: Light Traffic, Structure Type: Industrial/Manufacturing, Industrial
County Or Parish: Broward County
Leasable Area Units: Square Feet
Electric On Property YN: t, Electric: 101-200 Amps, Utilities: Electricity Available, Sewer Available, Water Available
Inclusions: Building Only, Business And Building
Water Source: Public
Road Frontage Type: City Street, City/County Maintained, City, Road Responsibility: Public Maintained Road
Features: Other Fire Protection, Other
Accessibility Features: Accessible Parking
Building Details
Year Built
1962
Buildings
1
Building Size
4,100 SF
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Waterbridge Real Estate LLC
(954) 931-2214
Listed By:
David Barbour
(954) 931-2214
Source:
Riserealty
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 24 at 4:51AM
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 Waterbridge Real Estate LLC
Investment Insights
Based on property information with market context.
This freestanding flex property provides approximately 4,100 SF of industrial space on a 6,004 SF lot. The building includes an office component representing about 33% of the interior, along with warehouse area, grade-level overhead doors, on-site parking, and current owner occupancy. The property was built in 1962 and is being offered in its existing condition.
Located at 231 SW 5th Ct in Pompano Beach, the site sits just east of Dixie Hwy with access to I-95, Atlantic Blvd., Copans Rd., and the Turnpike. B-4 Heavy Business zoning provides a range of commercial and industrial use possibilities, subject to buyer verification. BikeScore is 65, WalkScore is 67, and TransitScore is 37.
Located at 231 SW 5th Ct in Pompano Beach, the site sits just east of Dixie Hwy with access to I-95, Atlantic Blvd., Copans Rd., and the Turnpike. B-4 Heavy Business zoning provides a range of commercial and industrial use possibilities, subject to buyer verification. BikeScore is 65, WalkScore is 67, and TransitScore is 37.
Key Highlights
- Approximately 4,100 SF industrial warehouse on a 6,004 SF lot
- B‑4 Heavy Business zoning; buyer to verify permitted uses
- Approximately 33% office build‑out with warehouse space
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
$54,686
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
4.08%
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%
$1,093,720
$1.1M
Cap Rate 7%
$781,229
$781.2K
Cap Rate 9%
$607,622
$607.6K
Market Conditions
NOI Build-Up for 4,100 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
$88.6K $21.60/SF
− Vacancy
−$4.4K −$1.08/SF
EGI
$84.1K $20.52/SF
− OpEx
−$29.4K −$7.18/SF
NOI
$54.7K $13.34/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,093,720
Cap Rate 7%
$781,229
Cap Rate 9%
$607,622
Alternative Uses
Best Use
Flex RnD
$781.2K
$683.6K – $911.4K
NOI $54,686 @ 7.0% cap · market cap 4.08%
Second Best
Warehouse
$430.2K
$376.4K – $501.9K
NOI $30,111 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,930 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
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?
Flex space - B-4 Heavy Business zoning accommodates commercial and industrial applications, subject to buyer verification.
Where is this flex space located?
The property is located at 231 SW 5th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: Approximately 4,100 SF industrial warehouse on a 6,004 SF lot; B‑4 Heavy Business zoning; buyer to verify permitted uses; Approximately 33% office build‑out with warehouse space
