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    1602 Cypress Rd Pompano Beach, FL 33060

    For Lease
    $22 SF/Yr

    High-traffic shopping center, 4 spaces available

    Lot size:
    68,928 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Pompano Plaza, located at 1602 S Cypress Rd, Pompano Beach, FL 33060, presents a compelling investment opportunity in a thriving retail market. This Class B, two-story shopping center offers a total of 68,928 square feet, with 6,000 square feet currently vacant. Four spaces are immediately available, ranging in size from 950 square feet to 6,000 square feet, providing flexibility for various retail concepts. The center boasts excellent frontage visibility and is situated on a high-traffic corridor, ensuring maximum exposure for tenants. Its open-air design enhances the shopping experience. Pompano Beach's vibrant atmosphere, known for its beaches, marinas, and proximity to Fort Lauderdale, creates a strong customer base. The area's popularity with golfers and divers further contributes to a diverse and active community. This prime location offers businesses the potential for long-term success and significant return on investment. The property is categorized as a multi-tenant shopping center.

    Property Features for 1602 Cypress Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,928 SF
    Class
    B
    Total Rate
    126368

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    146
    Size
    6,000 SF
    Rate per SF
    $30
    Space
    90
    Size
    950 SF
    Rate per SF
    $30
    Space
    130
    Size
    1,150 SF
    Rate per SF
    $30
    Space
    #1612
    Size
    1,050 SF

    HighLights

    • Private balcony.
    Property Profile Location Intelligence

    Current Use by Public Records

    Never Enough Ink Jeweler Express Mini Mart Supermarket Hair By Chris ... Hair Salon Haircuts Mia Salon Hair Salon 3$2 $1 $ Dollar ... Variety Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1226413
    Latitude
    26.2103246

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, 4 spaces available
    Where is this lifestyle center located?
    The property is located at 1602 Cypress Rd Pompano Beach, FL.
    What is the lease rate?
    The lease rate is $0.00-$30 SF/Yr.
    What are key features of this property?
    This property features: Private balcony.; ;
    Request Owner's contact information
    1602 Cypress Rd Pompano Beach, FL 33060
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    Pompano Beach, FL 33060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1602 Cypress Rd Pompano Beach, FL 33060
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