Remodeled Office
For Sale
$1,175,000
Pending
2400 W Copans Road #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 Market121
Property Features for 2400 W Copans Road #9
General Information
Standard status
Pending
Size
4,571 SF
Zoning
I-1
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
Listing Agency:
United Realty Group, Inc
Listed By:
Alan Riddle · License #3458243
(561) 866-4589
Source:
Laerrealty
Added: Jun 14
Changed: Oct 7
Last Checked: Oct 11 at 3:22AM
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 / Yr
$90,218
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 Road #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)
