Vacant Flex Industrial
New
For Sale
$4,000,000
2881 NE 7th Ave, Pompano Beach, FL 33064
The building can be occupied in full or divided, with a portion leased to generate supplemental income.
Property Size15,900 SF
Days on Market2
Property Features for 2881 NE 7th Ave
General Information
Standard status
Active
Size
15,900 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
15,900 SF
Listing Agency:
Matthews Real Estate Investments Services | Tampa
Listed By:
Nick Watson · License #SL3469703 (FL)
(727) 579-8449
Source:
Matthews
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:40AM
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 Matthews Real Estate Investments Services | Tampa
Investment Insights
Based on property information with market context.
Located in Pompano Beach, this flex industrial property is offered vacant. Its configuration supports either full-building occupancy or use of a portion while leasing the balance for supplemental income.
Regional routes named for access include I-95, the Florida Turnpike, and US-1. The property is also described as near Fort Lauderdale-Hollywood International Airport and Port Everglades.
Regional routes named for access include I-95, the Florida Turnpike, and US-1. The property is also described as near Fort Lauderdale-Hollywood International Airport and Port Everglades.
Key Highlights
- Delivered vacant
- Can be occupied as a whole or used in part while leasing the remainder
- Access to I‑95, the Florida Turnpike, and US‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,074
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,480
$4.2M
Cap Rate 7%
$3,029,629
$3.0M
Cap Rate 9%
$2,356,378
$2.4M
Market Conditions
NOI Build-Up for 15,900 SF
Gross rent
$343.4K $21.60/SF
− Vacancy
−$17.2K −$1.08/SF
EGI
$326.3K $20.52/SF
− OpEx
−$114.2K −$7.18/SF
NOI
$212.1K $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%
$4,241,480
Cap Rate 7%
$3,029,629
Cap Rate 9%
$2,356,378
Alternative Uses
Best Use
Flex RnD
$3.03M
$2.65M – $3.53M
NOI $212,074 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $96,166 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$6.20M
$5.43M – $7.23M
NOI $434,070 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,109
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Espadas Brazilian Catering — 2001 N Federal Hwy, Pompano Beach, FL 33062
- That Grazin Gal — 1813 E Sample Rd, Pompano Beach, FL 33064
Frequently Asked Questions
What type of property is this?
Flex space - The building can be occupied in full or divided, with a portion leased to generate supplemental income.
Where is this flex space located?
The property is located at 2881 NE 7th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Delivered vacant; Can be occupied as a whole or used in part while leasing the remainder; Access to I‑95, the Florida Turnpike, and US‑1
