Corner Commercial
For Sale
$2,999,950
Pending
2701 NE 14th St Street, Pompano Beach, FL 33062
Existing medical-office building occupies a corner parcel east of Federal Highway.
Property Size7,920 SF
Days on Market130
Property Features for 2701 NE 14th St Street
General Information
Standard status
Pending
Size
7,920 SF
Zoning
RM-30
Taxes and HOA fees
Annual Taxes
$51,147
Building Details
Building Size
7,920 SF
Year Built
1977
Stories
1
Listing Agency:
The Cove Guspav Realty
(954) 275-0298
Listed By:
Gustavo Pavone · License #3459460
(954) 275-0298
Source:
Laerrealty
Added: Apr 24
Changed: Aug 29
Last Checked: Jul 6 at 2:18PM
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 The Cove Guspav Realty
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing building that is currently used for medical offices. The improvements date to 1977 and include central air. The parcel is positioned on a prominent corner, with the property’s primary value identified in the underlying land and redevelopment potential.
Located east of Federal Highway in Pompano Beach, the site is near major roadways, residential neighborhoods, retail, and coastal amenities. The beach is only minutes away, while the corner positioning provides visibility and access from a well-connected area. RM-30 is identified for the property, and any future medical office, professional space, or mixed-use concept would remain subject to zoning.
Located east of Federal Highway in Pompano Beach, the site is near major roadways, residential neighborhoods, retail, and coastal amenities. The beach is only minutes away, while the corner positioning provides visibility and access from a well-connected area. RM-30 is identified for the property, and any future medical office, professional space, or mixed-use concept would remain subject to zoning.
Key Highlights
- Corner parcel at 2701 NE 14th St Street, Pompano Beach, FL 33062
- Existing commercial building currently used as medical offices
- 1977 construction with central air
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
$156,317
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
5.21%
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%
$3,126,340
$3.1M
Cap Rate 7%
$2,233,100
$2.2M
Cap Rate 9%
$1,736,856
$1.7M
Market Conditions
NOI Build-Up for 7,920 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
$245.2K $30.96/SF
− Vacancy
−$36.8K −$4.64/SF
EGI
$208.4K $26.32/SF
− OpEx
−$52.1K −$6.58/SF
NOI
$156.3K $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%
$3,126,340
Cap Rate 7%
$2,233,100
Cap Rate 9%
$1,736,856
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.61M
NOI $156,317 @ 7.0% cap · market cap 5.21%
Second Best
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,323 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,216 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Existing medical-office building occupies a corner parcel east of Federal Highway.
Where is this commercial land located?
The property is located at 2701 NE 14th St Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $2,999,950.
What are key features of this property?
This property features: Corner parcel at 2701 NE 14th St Street, Pompano Beach, FL 33062; Existing commercial building currently used as medical offices; 1977 construction with central air
