Flex Space with
701-1791 Blount Rd, Pompano Beach, FL 33069
For Sale
Contact for pricing
Industrial-zoned space combines warehouse, mezzanine and office areas with a roll-up door.
Property Size3,121 SF
Price / SF$1.23
Days on Market20
Property Features for 701-1791 Blount Rd
General Information
Standard status
Size
Zoning
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Warehouse Space
Office Build-Out
Mezzanine
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep Pelayo · License #3005451
(954) 341-3294
Source:
Exprealty
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 6 at 12:48PM
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 Total R E Consultants Inc
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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.
Located in Turnpike Commercial Plaza in Pompano Beach, this flex property totals 3,121± square feet. The layout includes 1,915± square feet of warehouse area, a 1,100± square foot mezzanine and a 106± square foot office on the mezzanine level. A roll-up door and one restroom are also included.
The property is zoned I-1 (General Industrial) and offers access to Florida’s Turnpike. Uses may include warehouse, distribution and other activities permitted in the district. The tenant is responsible for rent and metered utilities.
The property is zoned I-1 (General Industrial) and offers access to Florida’s Turnpike. Uses may include warehouse, distribution and other activities permitted in the district. The tenant is responsible for rent and metered utilities.
Key Highlights
- 3,121± square feet total
- 1,915± square feet of warehouse area
- 1,100± square foot mezzanine with a 106± square foot office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,876
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,520
$377.5K
Cap Rate 7%
$269,657
$269.7K
Cap Rate 9%
$209,733
$209.7K
Market Conditions
NOI Build-Up for 3,121 SF
Gross rent
$27.7K $8.88/SF
− Vacancy
−$748 −$0.24/SF
EGI
$27.0K $8.64/SF
− OpEx
−$8.1K −$2.59/SF
NOI
$18.9K $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%
$377,520
Cap Rate 7%
$269,657
Cap Rate 9%
$209,733
Alternative Uses
Best Use
Flex RnD
$594.7K
$520.4K – $693.8K
NOI $41,628 @ 7.0% cap · market cap 1,086.89%
Second Best
Warehouse
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 598.46%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,203 @ 7.0% cap · market cap 2,224.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
Market
Average Price Trend$/SF for Flex space in Pompano Beach, FL
Properties on Market for Flex space in Pompano Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Simply Delicious Catering — 1769 Blount Rd, Pompano Beach, FL 33069
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned space combines warehouse, mezzanine and office areas with a roll-up door.
Where is this flex space located?
The property is located at 701-1791 Blount Rd Pompano Beach, FL.
What are key features of this property?
This property features: 3,121± square feet total; 1,915± square feet of warehouse area; 1,100± square foot mezzanine with a 106± square foot office
