Freestanding Flex
For Sale
$1,340,000
231 SW 5th Ct, 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 Market51
Property Features for 231 SW 5th Ct
General Information
Standard status
Active
Size
4,100 SF
Lot size
0.14 Acres
Zoning
B-4 Heavy Business
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1962
Buildings
1
Building Size
4,100 SF
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Waterbridge Real Estate LLC
Listed By:
David Barbour
(954) 931-2214
Source:
Chenoregroup
Added: Aug 19
Changed: Sep 11
Last Checked: Oct 7 at 12:53PM
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 / Yr
$54,686
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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 Ct 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
