Pompano Beach Commercial
For Sale
$1,798,000
900 N Ocean Blvd Cu, Pompano Beach, FL 33062
Shell condition commercial unit in luxury Casamar development.
Property Size2,280 SF
Lot Size2.69 Acres
Price / SF$788.60
Days on Market158
Property Features for 900 N Ocean Blvd Cu
General Information
Standard status
Active
Size
2,280 SF
Lot size
2.69 Acres
Property subtype
Commercial
Building Details
Year Built
2025
Units
1
Listing Agency:
Compass Florida, LLC
(954) 553-1089
Listed By:
Denise Gobin · License #0699055
(954) 553-1089
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This 2,280 square foot commercial unit is located within the Casamar development in Pompano Beach. Zoned for restaurant use, the unit is delivered in shell condition, offering potential for a high-end dining concept or luxury franchise. The unit is located directly on Ocean Boulevard and features coastal views and floor-to-ceiling windows. Private parking, valet service, and a street-level entrance are included. The building was designed by Arquitectonica and features landscaping and a contemporary art collection. The unit is located in a beachfront setting. The estimated delivery date is September 2025. Residential units in the same building are selling at over $1,500 per square foot.
Key Highlights
- Prime commercial unit in ultra‑luxury Casamar development, Pompano Beach.
- Zoned for restaurant use with 2,280 sq ft in shell condition, ready for customization.
- Located directly on Ocean Boulevard with sweeping coastal views and floor‑to‑ceiling windows.
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
$59,344
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
3.30%
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%
$1,186,880
$1.2M
Cap Rate 7%
$847,771
$847.8K
Cap Rate 9%
$659,378
$659.4K
Market Conditions
NOI Build-Up for 2,280 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
$82.1K $36.00/SF
− Vacancy
−$3.0K −$1.30/SF
EGI
$79.1K $34.70/SF
− OpEx
−$19.8K −$8.68/SF
NOI
$59.3K $26.03/SF
Area
Pompano Beach, FL
Vacancy
3.60%
Lease Rate
$36.00 /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%
$1,186,880
Cap Rate 7%
$847,771
Cap Rate 9%
$659,378
Alternative Uses
Best Use
Specialty Retail
$847.8K
$741.8K – $989.1K
NOI $59,344 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.2K
$778.1K – $1.04M
NOI $62,244 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Shell condition commercial unit in luxury Casamar development.
Where is this restaurant located?
The property is located at 900 N Ocean Blvd Cu Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Prime commercial unit in ultra‑luxury Casamar development, Pompano Beach.; Zoned for restaurant use with 2,280 sq ft in shell condition, ready for customization.; Located directly on Ocean Boulevard with sweeping coastal views and floor‑to‑ceiling windows.
