Duplex with Covered
For Sale
Contact for pricing
700 SW 8th Street, Pompano Beach, FL 33060
Two 3-bedroom units on a multifamily-zoned lot, connected by a covered breezeway, offered with month-to-month tenants.
Property Size1,872 SF
Lot Size0.37 Acres
Price / SF$307.16
Days on Market63
Property Features for 700 SW 8th Street
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.37 Acres
Property subtype
Multifamily
Zoning
RM-20
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty CS
Listed By:
Cyndee Heelan · License #3365882
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 18 at 2:20PM
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 Keller Williams Realty CS
Investment Insights
Based on property information with market context.
This duplex property includes two separate 3-bedroom, 1-bath buildings connected by a covered breezeway/carport on a 0.3663-acre R-20 multifamily-zoned lot. The arrangement supports independent building use while maintaining shared covered access between structures. The home is currently occupied by long-term month-to-month tenants. A substantial renovation is required, including kitchens, bathrooms, flooring, windows, HVAC systems, and other deferred maintenance items.
The site is located in Pompano Beach and is described as being in close proximity to I-95. The property is also listed as being less than 4 miles from the Pompano Beach Pier, placing it within reach of coastal destinations and major roadway connectivity.
For buyers and investors seeking a multifamily-zoned duplex with in-place tenant occupancy, this offering provides a clear renovation scope and an R-20 zoning basis that allows multifamily density of up to 8 units. The configuration and site size may also be of interest to operators looking at redevelopment or higher-density scenarios within the stated zoning parameters. Sellers welcome serious offers.
The site is located in Pompano Beach and is described as being in close proximity to I-95. The property is also listed as being less than 4 miles from the Pompano Beach Pier, placing it within reach of coastal destinations and major roadway connectivity.
For buyers and investors seeking a multifamily-zoned duplex with in-place tenant occupancy, this offering provides a clear renovation scope and an R-20 zoning basis that allows multifamily density of up to 8 units. The configuration and site size may also be of interest to operators looking at redevelopment or higher-density scenarios within the stated zoning parameters. Sellers welcome serious offers.
Key Highlights
- Duplex on a 0.3663‑acre R‑20 multifamily‑zoned lot in Pompano Beach
- Two separate 3‑bedroom, 1‑bath buildings connected by a covered breezeway/carport
- Currently occupied by long‑term month‑to‑month tenants paying below‑market rents
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
$31,305
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
5.44%
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%
$626,100
$626.1K
Cap Rate 7%
$447,214
$447.2K
Cap Rate 9%
$347,833
$347.8K
Market Conditions
NOI Build-Up for 1,872 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
$47.2K $25.20/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$44.7K $23.89/SF
− OpEx
−$13.4K −$7.17/SF
NOI
$31.3K $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%
$626,100
Cap Rate 7%
$447,214
Cap Rate 9%
$347,833
Alternative Uses
Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.8K
NOI $31,305 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,612
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom units on a multifamily-zoned lot, connected by a covered breezeway, offered with month-to-month tenants.
Where is this duplex located?
The property is located at 700 SW 8th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex on a 0.3663‑acre R‑20 multifamily‑zoned lot in Pompano Beach; Two separate 3‑bedroom, 1‑bath buildings connected by a covered breezeway/carport; Currently occupied by long‑term month‑to‑month tenants paying below‑market rents
