For Sale
$1,200,000
500 SE 23rd Avenue, Pompano Beach, FL 33062
Residential land & home lots
Property Size5,873 SF
Price / SF$204.32
Days on Market328
Property Features for 500 SE 23rd Avenue
General Information
Standard status
Active
Size
5,873 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$20,162
Building Details
Building Size
5,873 SF
Year Built
1953
Listing Agency:
United Realty Group, Inc
Listed By:
Gary M Brown · License #3032083
(561) 235-2127
Source:
Maxctrealty
Added: Dec 4, 2025
Changed: Oct 26
Last Checked: Oct 26 at 12:13PM
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 United Realty Group, Inc
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,218
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,804,360
$1.8M
Cap Rate 7%
$1,288,829
$1.3M
Cap Rate 9%
$1,002,422
$1.0M
Market Conditions
NOI Build-Up for 5,873 SF
Gross rent
$172.7K $29.40/SF
− Vacancy
−$8.6K −$1.47/SF
EGI
$164.0K $27.93/SF
− OpEx
−$73.8K −$12.57/SF
NOI
$90.2K $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 Rate 5%
$1,804,360
Cap Rate 7%
$1,288,829
Cap Rate 9%
$1,002,422
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,218 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,333 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
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Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 500 SE 23rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
