Restaurant Shell Unit at
For Sale
$1,798,000
900 N Ocean Boulevard, Pompano Beach, FL 33062
COMMERCIAL - Pompano Beach, FL
Property Size2,280 SF
Lot Size2.69 Acres
Price / SF$788.60
Days on Market387
Property Features for 900 N Ocean Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
COM
Parking features
Assigned, Valet
Directions
The Corner of Ocean Blvd and NE 10th Street in the highly sought after luxury building of Casamar at 900 N. Ocean Blvd.
Subdivision
3113
Standard status
Active
APN
484331jd0010
Lot size
2.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
900 N OCEAN BOULEVARD 183-618 B PARCEL A
HOA Fee
$1,500 Monthly
Legal Description
900 N OCEAN BOULEVARD 183-618 B PARCEL A
Amenities
private parking
valet service
floor-to-ceiling windows
lush landscaping
curated contemporary art collection
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Building materials
Block
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Denise Gobin · License #0699055
(954) 553-1089
Added: Jul 18, 2025
Changed: Aug 5
Last Checked: Aug 8 at 6:06PM
MLS# F10513135
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for sale: the only commercial unit at the ultra-luxury Casamar development in Pompano Beach. This restaurant shell unit is under construction and is zoned for restaurant use. The space is delivered in shell condition and includes floor-to-ceiling windows plus a prominent street-level entrance.
The unit is directly on Ocean Boulevard within the Casamar building, designed by Arquitectonica. Parking is available with assigned parking and valet service for guests.
Casamar is on a 2.69-acre site, with block construction and an estimated delivery in September 2025. The property reflects a 2025 build timeline and is presented as a restaurant-ready shell for an operator or brand to finalize interior buildout.
The unit is directly on Ocean Boulevard within the Casamar building, designed by Arquitectonica. Parking is available with assigned parking and valet service for guests.
Casamar is on a 2.69-acre site, with block construction and an estimated delivery in September 2025. The property reflects a 2025 build timeline and is presented as a restaurant-ready shell for an operator or brand to finalize interior buildout.
Key Highlights
- Under‑construction restaurant shell unit zoned for restaurant use
- Directly on Ocean Boulevard with floor‑to‑ceiling windows
- Estimated delivery: September 2025; Year built: 2025
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,296
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Under-construction restaurant space zoned for restaurant use with valet and assigned parking, scheduled for delivery in September 2025.
Where is this conventional restaurant located?
The property is located at 900 N Ocean Boulevard 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: Under‑construction restaurant shell unit zoned for restaurant use; Directly on Ocean Boulevard with floor‑to‑ceiling windows; Estimated delivery: September 2025; Year built: 2025
