Office/Warehouse Waterfront
2891 NW 22nd Ter Pompano Beach, FL 33069
For Sale
$1,799,000
Pending
Freestanding office/warehouse with dock-high access, two drive-in doors, and a 40% office/showroom buildout.
Property Size7,815 SF
Lot Size0.62 Acres
Days on Market2198
Property Features for 2891 NW 22nd Ter
General Information
Standard status
Pending
Size
7,815 SF
Lot size
0.62 Acres
Property subtype
General Commercial
Building Details
Year Built
1988
Listing Agency:
Total R E Consultants Inc
(954) 551-9427
Listed By:
J. Josep Pelayo · License #A12007302
(954) 551-9427
Source:
Xome
Added: Jul 23, 2020
Changed: Jul 28
Last Checked: Jul 28 at 9:24PM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
Freestanding office/warehouse waterfront building totaling 7,815 SF, presented in a “nice & clean” condition. The configuration includes dock-high truck well access and two drive-in doors, along with 2 front entrances. Interior buildout is approximately 40% office/showrooms and 60% warehouse/lot, with 18-foot ceilings and a twin “T” roof. The property is 100% under HVAC.
The building includes a front entrance setup and is described as waterfront in the marketing remarks. A total warehouse/lot area of 27,144 SF is referenced in the available information.
The office and showroom space is supported by climate control throughout, while the warehouse portion is designed for truck and door access via the dock-high well and drive-in doors.
The building includes a front entrance setup and is described as waterfront in the marketing remarks. A total warehouse/lot area of 27,144 SF is referenced in the available information.
The office and showroom space is supported by climate control throughout, while the warehouse portion is designed for truck and door access via the dock-high well and drive-in doors.
Key Highlights
- Freestanding office/warehouse building totaling 7,815 SF
- Dock‑high truck access with 2 drive‑in doors
- Layout: 40% office/showrooms and 60% warehouse/lot, with 27,144 SF lot size
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $242.0k | $30.96 |
| − Vacancy | −$36.3k | −$4.64 |
| EGI | $205.7k | $26.32 |
| − OpEx | −$51.4k | −$6.58 |
| NOI | $154.2k | $19.74 |
7,815 SF · lease $30.96/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,245 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$1.49M
$1.30M – $1.74M
NOI $104,236 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,350 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding office/warehouse with dock-high access, two drive-in doors, and a 40% office/showroom buildout.
Where is this flex space located?
The property is located at 2891 NW 22nd Ter Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Freestanding office/warehouse building totaling 7,815 SF; Dock‑high truck access with 2 drive‑in doors; Layout: 40% office/showrooms and 60% warehouse/lot, with 27,144 SF lot size
