Flex Warehouse with
For Sale
$1,890,000
3411 NE 6TH Terrace, Pompano Beach, FL 33060
Warehouse with an open layout and integrated office, built for efficient loading and day-to-day operations.
Property Size6,306 SF
Price / SF$299.71
Days on Market82
Property Features for 3411 NE 6TH Terrace
General Information
Standard status
Active
Size
6,306 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$20,814
Building Details
Building Size
6,306 SF
Year Built
1962
Listing Agency:
RE/MAX First
Listed By:
Kirk F Bauer · License #463011
(954) 270-1601
Source:
Pamandtoni
Added: Jun 15
Changed: Sep 4
Last Checked: Sep 1 at 8:55PM
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 RE/MAX First
Investment Insights
Based on property information with market context.
This well-maintained warehouse/flex space offers an open-concept layout with integrated office space. It includes central air conditioning, supporting year-round comfort for staff in the office portion. The facility is described as functionally designed and ready for occupancy, with a loading dock setup intended to support seamless receiving and distribution operations.
The property is part of what’s described as a super industrial park, and it provides ample on-site parking for vehicles and logistics needs. Access is described as straightforward and the property is easy to show. Public transit access is characterized as some transit, with walkability and bike-ability also indicated in the available remarks.
The configuration is a practical fit for users seeking a combined workspace and warehouse environment, including distribution, logistics, storage, manufacturing, or growing businesses that want straightforward dock access and an office component in the same facility. The listing also notes that showings are easy and that multiple deal structures may be considered.
The property is part of what’s described as a super industrial park, and it provides ample on-site parking for vehicles and logistics needs. Access is described as straightforward and the property is easy to show. Public transit access is characterized as some transit, with walkability and bike-ability also indicated in the available remarks.
The configuration is a practical fit for users seeking a combined workspace and warehouse environment, including distribution, logistics, storage, manufacturing, or growing businesses that want straightforward dock access and an office component in the same facility. The listing also notes that showings are easy and that multiple deal structures may be considered.
Key Highlights
- 7,000 SF warehouse with an open‑concept layout and integrated office space
- Year built 1962 with a central A/C system
- Loading‑dock setup designed for distribution, logistics, and other industrial operations
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
$84,109
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
4.45%
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%
$1,682,180
$1.7M
Cap Rate 7%
$1,201,557
$1.2M
Cap Rate 9%
$934,544
$934.5K
Market Conditions
NOI Build-Up for 6,306 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
$136.2K $21.60/SF
− Vacancy
−$6.8K −$1.08/SF
EGI
$129.4K $20.52/SF
− OpEx
−$45.3K −$7.18/SF
NOI
$84.1K $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 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%
$1,682,180
Cap Rate 7%
$1,201,557
Cap Rate 9%
$934,544
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,109 @ 7.0% cap · market cap 4.45%
Second Best
Warehouse
$661.6K
$578.9K – $771.9K
NOI $46,313 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,154 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with an open layout and integrated office, built for efficient loading and day-to-day operations.
Where is this warehouse located?
The property is located at 3411 NE 6TH Terrace Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 7,000 SF warehouse with an open‑concept layout and integrated office space; Year built 1962 with a central A/C system; Loading‑dock setup designed for distribution, logistics, and other industrial operations
