Single-Story Office
For Sale
$1,895,000
71 27th Ave, Pompano Beach, FL 33062
Flexible professional office layout with private offices, conference space, storage, and on-site parking.
Property Size2,892 SF
Lot Size0.14 Acres
Price / SF$655.26
Days on Market652
Property Features for 71 27th Ave
General Information
Standard status
Active
Size
2,892 SF
Net Rentable
2,892 SF
Total Parking Spaces
10
Lot size
0.14 Acres
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$15,232
Amenities
3
10 Parking Spaces.
6000
Building Details
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
Neal Realty & Investments, Inc
(954) 568-0530
Listed By:
Debra Mink
Source:
Xome
Added: Nov 19, 2024
Changed: Sep 2
Last Checked: Sep 1 at 5:06PM
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 Neal Realty & Investments, Inc
Investment Insights
Based on property information with market context.
This single-floor office building provides 2892 Sqft of leasable space on a 6,000 Sqft lot. The interior includes a reception lobby, open work area, four offices, two storage rooms, a conference room, breakroom, and three bathrooms. One of the larger offices has a private bathroom, adding separation for an owner or operating team. A full roof recoating and resurfacing treatment was recently completed.
The property includes 10 parking spaces, with additional parking adjacent to the building. Access is available to I-95 and US-1, with the property positioned near Atlantic Blvd and Dixie Highway in Pompano Beach. The existing configuration supports professional office operations, including CPA, attorney, insurance, and family business uses as identified in the property information.
The property includes 10 parking spaces, with additional parking adjacent to the building. Access is available to I-95 and US-1, with the property positioned near Atlantic Blvd and Dixie Highway in Pompano Beach. The existing configuration supports professional office operations, including CPA, attorney, insurance, and family business uses as identified in the property information.
Key Highlights
- 2892 Sqft of leasable office space on a 6,000 Sqft lot
- Single‑floor layout with four offices, two storage rooms, and an open work area
- Large conference room, breakroom, and three bathrooms
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
$57,079
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
3.01%
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%
$1,141,580
$1.1M
Cap Rate 7%
$815,414
$815.4K
Cap Rate 9%
$634,211
$634.2K
Market Conditions
NOI Build-Up for 2,892 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
$89.5K $30.96/SF
− Vacancy
−$13.4K −$4.64/SF
EGI
$76.1K $26.32/SF
− OpEx
−$19.0K −$6.58/SF
NOI
$57.1K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,141,580
Cap Rate 7%
$815,414
Cap Rate 9%
$634,211
Alternative Uses
Best Use
Office B
$815.4K
$713.5K – $951.3K
NOI $57,079 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.9K – $1.32M
NOI $78,952 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office 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?
Office building - Flexible professional office layout with private offices, conference space, storage, and on-site parking.
Where is this office building located?
The property is located at 71 27th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 2892 Sqft of leasable office space on a 6,000 Sqft lot; Single‑floor layout with four offices, two storage rooms, and an open work area; Large conference room, breakroom, and three bathrooms
