Flex Space with Roll-Up
For Sale
Contact for pricing
Pending
2621-2629 NE 5th Avenue #2621, Pompano Beach, FL 33064
A private office and restroom support a range of light industrial and business operations.
Property Size10,000 SF
Days on Market21
Property Features for 2621-2629 NE 5th Avenue #2621
General Information
Standard status
Pending
Size
10,000 SF
Property subtype
Industrial
Zoning
I-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Listing Agency:
Keyes Company
(561) 750-1000
Listed By:
Aaron Kipnis · License #3623365
(917) 603-3581
Source:
Lehmannflorida
Added: Sep 30
Changed: Oct 19
Last Checked: Oct 19 at 2:28PM
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 Keyes Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space includes a private office, a restroom, and a 10-foot roll-up bay door. The property was built in 1971 and is zoned I-1. Uses identified for the zoning include warehousing, storage, contractor operations, equipment repair, printing, production, and trade-related services; users should confirm specific plans with the City.
The property is in East Pompano, with access to major roadways.
The property is in East Pompano, with access to major roadways.
Key Highlights
- 10‑foot roll‑up bay door
- Private office and restroom
- I‑1 zoning; listed uses include warehousing, contractor operations, repair, printing, and production
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,482
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,640
$1.2M
Cap Rate 7%
$864,029
$864.0K
Cap Rate 9%
$672,022
$672.0K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$88.8K $8.88/SF
− Vacancy
−$2.4K −$0.24/SF
EGI
$86.4K $8.64/SF
− OpEx
−$25.9K −$2.59/SF
NOI
$60.5K $6.05/SF
Area
Pompano Beach, FL
Vacancy
2.70%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,640
Cap Rate 7%
$864,029
Cap Rate 9%
$672,022
Alternative Uses
Best Use
Flex RnD
$1.91M
$1.67M – $2.22M
NOI $133,380 @ 7.0% cap · market cap 6,062.73%
Second Best
Warehouse
$1.05M
$918.0K – $1.22M
NOI $73,442 @ 7.0% cap · market cap 3,338.27%
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $273,000 @ 7.0% cap · market cap 12,409.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Espadas Brazilian Catering — 2001 N Federal Hwy, Pompano Beach, FL 33062
Frequently Asked Questions
What type of property is this?
Flex space - A private office and restroom support a range of light industrial and business operations.
Where is this flex space located?
The property is located at 2621-2629 NE 5th Avenue #2621 Pompano Beach, FL.
What are key features of this property?
This property features: 10‑foot roll‑up bay door; Private office and restroom; I‑1 zoning; listed uses include warehousing, contractor operations, repair, printing, and production
