Residential Income Property Top-Floor
For Sale
$169,000
400 S Cypress Road, Pompano Beach, FL 33060
MULTI_FAMILY - Other - Pompano Beach, FL
Property Size930 SF
Price / SF$181.72
Days on Market150
Property Features for 400 S Cypress Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-20
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking
1
Parking features
Guest, Assigned
Window features
Blinds
Interior features
Built-in Features, Closet Cabinetry, Custom Mirrors, Walk-In Closet(s)
Appliances
Range, Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Oven, Refrigerator
Subdivision
VIRGINIAN APARTMENTS
Standard status
Active
APN
494201nw0770
Size
930 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 428
Tax Annual Amount
2631
Expense value
150
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$566 Monthly
Legal Description
THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 428
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
pool
clubhouse
social amenities
Building Details
Year built
1967
Floors in Building
2
Flooring type
Tile
Building materials
Block, Brick, Concrete
Architectural style
Other
Listing Agency:
Prestige Waterfront Realty
(954) 830-7000
Listed By:
Maya Tegov · License #3223531
(917) 623-8000
Added: Mar 12
Changed: Aug 7
Last Checked: Aug 8 at 12:06PM
MLS# B26002116
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property includes a renovated two-bedroom, two-bath top-floor co-op condo. The interior features include built-in features, closet cabinetry, custom mirrors, and a walk-in closet. Flooring is tile, and the home has central electric heating and central air with electric cooling support. Appliances include a range, dishwasher, disposal, microwave, oven, and refrigerator. The unit provides guest and assigned parking, and the building is constructed with block, brick, and concrete. The property size is 930 square feet, and the water and sewer services are public.
The co-op is located at 400 S Cypress Road in Pompano Beach and is in zoning RM-20. The building roof is newly installed, and the assessment is fully paid by the seller. The community is described as a 55+ community and offers a pool and clubhouse/social amenities. Public remarks note Publix across the street and that the beach and Pompano Pier are about 2.5 miles away. The unit is described as second-floor with no elevator.
Rental terms are limited: cash-only co-op, with seasonal rentals once per year for a 3–4 month period.
The co-op is located at 400 S Cypress Road in Pompano Beach and is in zoning RM-20. The building roof is newly installed, and the assessment is fully paid by the seller. The community is described as a 55+ community and offers a pool and clubhouse/social amenities. Public remarks note Publix across the street and that the beach and Pompano Pier are about 2.5 miles away. The unit is described as second-floor with no elevator.
Rental terms are limited: cash-only co-op, with seasonal rentals once per year for a 3–4 month period.
Key Highlights
- 930 SF top‑floor two‑bedroom, two‑bath co‑op unit
- New building roof; assessment fully paid by seller
- Zoned RM‑20; cash‑only co‑op with seasonal rentals once per year (3–4 months)
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
$14,286
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
8.45%
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%
$285,720
$285.7K
Cap Rate 7%
$204,086
$204.1K
Cap Rate 9%
$158,733
$158.7K
Market Conditions
NOI Build-Up for 930 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
$27.3K $29.40/SF
− Vacancy
−$1.4K −$1.47/SF
EGI
$26.0K $27.93/SF
− OpEx
−$11.7K −$12.57/SF
NOI
$14.3K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$285,720
Cap Rate 7%
$204,086
Cap Rate 9%
$158,733
Alternative Uses
Best Use
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.7K
$317.4K – $423.2K
NOI $25,389 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated top-floor two-bedroom, two-bath co-op in a 55+ community with pool and clubhouse, cash-only; seasonal rentals allowed.
Where is this residential income property located?
The property is located at 400 S Cypress Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 930 SF top‑floor two‑bedroom, two‑bath co‑op unit; New building roof; assessment fully paid by seller; Zoned RM‑20; cash‑only co‑op with seasonal rentals once per year (3–4 months)
