Flex Warehouse with Grade-Level
70 SW 5th Court #70, Pompano Beach, FL 33060
For Sale
New
Contact for pricing
A conditioned office, renovated restrooms, and modified gross lease structure complement the warehouse space.
Property Size18,841 SF
Price / SF$0.48
Days on Market6
Property Features for 70 SW 5th Court #70
General Information
Standard status
Size
Property subtype
Amenities
air-conditioned office space
renovated restrooms
14-foot clear ceilings
12-foot grade-level roll-up door
grade-level loading access
Building Details
Year Built
Listing Agency:
Biscayne Advisors
Listed By:
Jesse Sinai · License FL #3518110
(786) 496-0440
Source:
Lehmannflorida
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 7:53AM
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 Biscayne Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 70 is a flex property with approximately 5,000 SF of warehouse and office space. The warehouse has 14-foot clear ceilings and a 12-foot grade-level roll-up door, while the office area is air-conditioned. Two restrooms have been renovated, and dedicated parking spaces serve the unit. The building dates to 1967.
A separate 6,500 SF private parking lot contiguous to the warehouse is available for lease, either on its own or alongside the unit. The lease structure is modified gross, with the tenant responsible for applicable utilities. Terms generally run from 1 to 3 years, subject to landlord approval.
A separate 6,500 SF private parking lot contiguous to the warehouse is available for lease, either on its own or alongside the unit. The lease structure is modified gross, with the tenant responsible for applicable utilities. Terms generally run from 1 to 3 years, subject to landlord approval.
Key Highlights
- Approximately 5,000 SF of warehouse and office space
- 14‑foot clear ceilings and a 12‑foot grade‑level roll‑up door
- Air‑conditioned office and two renovated restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,954
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,279,080
$2.3M
Cap Rate 7%
$1,627,914
$1.6M
Cap Rate 9%
$1,266,156
$1.3M
Market Conditions
NOI Build-Up for 18,841 SF
Gross rent
$167.3K $8.88/SF
− Vacancy
−$4.5K −$0.24/SF
EGI
$162.8K $8.64/SF
− OpEx
−$48.8K −$2.59/SF
NOI
$114.0K $6.05/SF
Area
Pompano Beach, FL
Vacancy
2.70%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,279,080
Cap Rate 7%
$1,627,914
Cap Rate 9%
$1,266,156
Alternative Uses
Best Use
Flex RnD
$3.59M
$3.14M – $4.19M
NOI $251,301 @ 7.0% cap
Second Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,372 @ 7.0% cap
Theoretical Best
Office A
$7.35M
$6.43M – $8.57M
NOI $514,359 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,890
Businesses Nearby
Under-served
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
$354,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Pompano Beach, FL
Properties on Market for Flex space in Pompano Beach
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A conditioned office, renovated restrooms, and modified gross lease structure complement the warehouse space.
Where is this flex space located?
The property is located at 70 SW 5th Court #70 Pompano Beach, FL.
What are key features of this property?
This property features: Approximately 5,000 SF of warehouse and office space; 14‑foot clear ceilings and a 12‑foot grade‑level roll‑up door; Air‑conditioned office and two renovated restrooms
