Occupied Triplex
For Sale
$625,000
612 NW 7TH Terrace 1-3, Pompano Beach, FL 33060
Three-unit residential income property with full occupancy and predominantly month-to-month tenancy.
Property Size1,768 SF
Price / SF$353.51
Days on Market12
Property Features for 612 NW 7TH Terrace 1-3
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Triplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,970
Building Details
Building Size
1,768 SF
Year Built
1951
Listing Agency:
The Luxury Home Team of Florida
Listed By:
Constance B Johnson · License #3368577
(754) 234-2058
Source:
Pamandtoni
Added: Aug 24
Changed: Sep 2
Last Checked: Sep 2 at 12:38AM
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 The Luxury Home Team of Florida
Investment Insights
Based on property information with market context.
This triplex contains three residential units totaling 1,768 square feet. The property was built in 1951, providing an established multifamily asset in Pompano Beach, Florida.
All units are currently occupied, and most tenancies are month to month. The property is identified as part of portfolio B26034274, with the address at 612 NW 7th Terrace, Pompano Beach, FL 33060.
All units are currently occupied, and most tenancies are month to month. The property is identified as part of portfolio B26034274, with the address at 612 NW 7th Terrace, Pompano Beach, FL 33060.
Key Highlights
- Three‑unit triplex totaling 1,768 square feet
- Built in 1951
- All units currently occupied
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
$29,566
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
4.73%
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%
$591,320
$591.3K
Cap Rate 7%
$422,371
$422.4K
Cap Rate 9%
$328,511
$328.5K
Market Conditions
NOI Build-Up for 1,768 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
$44.6K $25.20/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$42.2K $23.89/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.6K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$591,320
Cap Rate 7%
$422,371
Cap Rate 9%
$328,511
Alternative Uses
Best Use
Multifamily LT 5
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,266 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,107
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with full occupancy and predominantly month-to-month tenancy.
Where is this triplex located?
The property is located at 612 NW 7TH Terrace 1-3 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 1,768 square feet; Built in 1951; All units currently occupied
