Remodeled Office
For Sale
$1,175,000
Pending
2400 W Copans Rd 9, Pompano Beach, FL 33069
Remodeled office property offered for sale, presented with an 8% cap rate and tenant accessibility by car and bike.
Property Size4,571 SF
Days on Market56
Property Features for 2400 W Copans Rd 9
General Information
Standard status
Pending
Size
4,571 SF
Property subtype
Industrial
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$6,380
Building Details
Building Size
4,571 SF
Year Built
1989
Stories
1
Units
1
Listing Agency:
United Realty Group Inc
(561) 866-4589
Listed By:
Alan Taylor Riddle · License #3458243
(561) 866-4589
Source:
Elliman
Added: Jun 14
Changed: Aug 8
Last Checked: Jul 23 at 4:58AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This remodeled office property is offered for sale and presented with an 8% cap rate. The offering is categorized as office space and office buildings, providing a straightforward platform for office-oriented users or investors seeking an updated asset.
The property is located at 2400 W Copans Rd 9 in Pompano Beach, Florida. Walkability is described as limited and the area is characterized as car-dependent, with bike access noted as bikeable. Transit access is described as some transit, reflecting a market that typically supports daily access by vehicle.
For tenants and operators, the practical consideration is a remodeled office configuration within a car-oriented setting. For buyers, the listing’s emphasis is the remodeled condition and the stated 8% cap rate presentation, which may help inform underwriting and decision-making. Interested parties should review the available offering materials to confirm details relevant to their specific use and business requirements.
The property is located at 2400 W Copans Rd 9 in Pompano Beach, Florida. Walkability is described as limited and the area is characterized as car-dependent, with bike access noted as bikeable. Transit access is described as some transit, reflecting a market that typically supports daily access by vehicle.
For tenants and operators, the practical consideration is a remodeled office configuration within a car-oriented setting. For buyers, the listing’s emphasis is the remodeled condition and the stated 8% cap rate presentation, which may help inform underwriting and decision-making. Interested parties should review the available offering materials to confirm details relevant to their specific use and business requirements.
Key Highlights
- Remodeled office property built in 1989
- Presented with an 8% cap rate
- Bikeable tenant accessibility (BikeScore: 54)
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
$90,218
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
7.68%
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%
$1,804,360
$1.8M
Cap Rate 7%
$1,288,829
$1.3M
Cap Rate 9%
$1,002,422
$1.0M
Market Conditions
NOI Build-Up for 4,571 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
$141.5K $30.96/SF
− Vacancy
−$21.2K −$4.64/SF
EGI
$120.3K $26.32/SF
− OpEx
−$30.1K −$6.58/SF
NOI
$90.2K $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%
$1,804,360
Cap Rate 7%
$1,288,829
Cap Rate 9%
$1,002,422
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,218 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,788 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled office property offered for sale, presented with an 8% cap rate and tenant accessibility by car and bike.
Where is this office building located?
The property is located at 2400 W Copans Rd 9 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Remodeled office property built in 1989; Presented with an 8% cap rate; Bikeable tenant accessibility (BikeScore: 54)
