Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pompano Beach Multifamily Development Land Title is generated by Realmo AI

    400 Pompano Park Pl, Pompano Beach, FL 33060

    View on Map
    Claim this Listing
    For Sale
    $1,499,500

    Land - Pompano Beach, FL

    Lot size:
    0.95 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    86
    Last Refresh:
    May 17 at 9:06 pm

    Property Features for 400 Pompano Park Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B-3
    Standard status
    Active
    APN
    494202020070
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2142

    Utilities

    Sewer type
    None
    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sabrina Williams

    Listing agent Sabrina Williams License #3533259

    Listing office LPT Realty, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Feb 20, 2026

    MLS# A11798334 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 0.9 acre land parcel zoned RM30 for multifamily development.
    • Approved plans for twelve 2BR townhomes included; potential to double the units.
    • Unbeatable location near Dixie Hwy, John Knox Village, Harrah's Pompano, and Atlantic Blvd.
    • Zoning allows for buildings up to 10 floors.
    • Opportunity to be part of the Pompano Beach redevelopment boom.
    • Zoning allows for limited neighborhood‑serving nonresidential uses, office buildings, financial institutions, hotels/motels, and condo hotels as Special Exceptions.

    Overview

    This 0.9-acre property in Pompano Beach, Florida, consists of four adjacent lots zoned RM30 for multifamily development. The location is situated off Dixie Highway on SW 3rd Street, across from John Knox Village, and 4 minutes from Harrah's Pompano, with proximity to Atlantic Boulevard. The zoning allows construction of up to 10 floors. The property is positioned to benefit from the ongoing redevelopment in Pompano Beach and is suitable for multifamily development. Approved plans are included for developing twelve 2-bedroom townhomes, with the potential to double the number of units. The zoning also permits limited neighborhood-serving nonresidential uses. Office buildings, financial institutions, hotels, motels, and condo hotels are allowed as Special Exceptions. The location provides access to I95, the new Harrah's casino, and the emerging arts, industry, restaurants, and nightlife in the area. The property is suitable for multifamily development in Pompano Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1201
    Latitude
    26.2349

    Nearby Similar for Sale

    • $950,000
      3,296 SF

      Pompano Beach Office/Warehouse Space

      Office/warehouse space in Pompano Industrial Park Condo for sale.
      1071 NW 31st Ave, Pompano Beach, FL 33069
      View Details
    • $1,349,999
      4,263 SF

      Pompano Beach Commercial Building For Sale

      4,263 SF building with 6,758 SF yard on Dixie Hwy.
      2323 N Dixie Highway, Pompano Beach, FL 33060
      View Details
    • $995,700
      2,826 SF

      Pompano Beach Duplex with Pool

      Cash-flowing duplex near the beach in a growing area.
      451 SE 1st Avenue, Pompano Beach, FL 33060
      View Details
    • $1,300,000
      1,740 SF

      Pompano Beach Retail Opportunity

      Retail space with B-4 zoning in Pompano Beach, Florida.
      600 S Dixie Hwy W W, Pompano Beach, FL
      View Details
    • $4,500,000
      4,646 SF

      Pompano Beach Income-Generating Retail Plaza

      Well-maintained retail plaza with established tenants, development potential.
      520-580 S Federal Highway, Pompano Beach, FL 33062
      View Details
    • $699,000
      3,589 SF

      Pompano Beach Commercial Property

      Commercial property in Pompano Beach, Florida with B-3 zoning.
      243 S Dixie Hwy W, Pompano Beach, FL
      View Details
    • $375,000
      1,200 SF

      Turnkey Office/Warehouse in Prime Location

      Versatile 1,200 SF office/warehouse near Florida’s Turnpike and I-95.
      1001 NW 31st Ave, Pompano Beach, FL 33069
      View Details
    • $699,900

      Freestanding Office Building in Pompano

      Charming office building in East Pompano Beach with high visibility.
      713 E Atlantic Blvd, Pompano Beach, FL 33060
      View Details
    • $2,999,950
      7,920 SF

      Pompano Beach Redevelopment Opportunity

      Prime corner lot near the beach, ideal for redevelopment.
      2701 NE 14th St, Pompano Beach, FL 33062
      View Details
    • $1,895,000
      4,547 SF

      Waterfront Multifamily Property, Pompano Beach

      Waterfront multifamily with dock, ocean access, remodeled units.
      1361 NE 27 Way, Pompano Beach, FL
      View Details
    • $2,200,000
      7,492 SF

      Pompano Beach Multifamily Investment Opportunity

      Eight-unit multifamily property near the beach in Pompano Beach.
      1420 SE 4th Avenue, Pompano Beach, FL
      View Details
    • $4,500,000
      22,523 SF

      Pompano Beach Hotel/Motel Opportunity

      Prime location near the ocean in Pompano Beach, Florida.
      213 S Ocean Blvd, Pompano Beach, FL 33062
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.9 acres of land ideal for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 400 Pompano Park Pl Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $1,499,500.
    What are key features of this property?
    This property features: Prime 0.9 acre land parcel zoned RM30 for multifamily development.; Approved plans for twelve 2BR townhomes included; potential to double the units.; Unbeatable location near Dixie Hwy, John Knox Village, Harrah's Pompano, and Atlantic Blvd.
    (917) 749-2221
    We can help!
    Listing Contact
    Sabrina Williams
    Real Estate License ID: 3533259
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Pompano Park Pl, Pompano Beach, FL 33060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!