Built-in-2005 Duplex
For Sale
$750,000
911 NE 12th Avenue, Pompano Beach, FL 33060
Duplex built in 2005 with two identical units, including one occupied and one vacant for immediate use.
Property Size2,204 SF
Price / SF$340.29
Days on Market99
Property Features for 911 NE 12th Avenue
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,277
Building Details
Building Size
2,204 SF
Year Built
2005
Tenancy
Multi
Listing Agency:
Home Advantage
Listed By:
Maximilian Fernandez · License #3260045
(954) 773-5700
Source:
Pamandtoni
Added: Jun 1
Changed: Sep 5
Last Checked: Sep 7 at 6:18AM
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 Home Advantage
Investment Insights
Based on property information with market context.
This newly built duplex was completed in 2005 and offers two identical units designed for straightforward management. One unit is currently occupied, while the second unit is vacant and ready for market rent or owner occupancy. The property is set on an elevated lot intended to help reduce flood risk, and it features impact-resistant windows and doors throughout.
Located at 911 NE 12th Avenue in Pompano Beach, Florida, the duplex is described as being about 10 minutes from the beach within a fast-growing area.
The overall configuration supports a simple owner/investor setup with two like-for-like residences under one roof line, each capable of operating independently for rental or occupancy purposes.
Located at 911 NE 12th Avenue in Pompano Beach, Florida, the duplex is described as being about 10 minutes from the beach within a fast-growing area.
The overall configuration supports a simple owner/investor setup with two like-for-like residences under one roof line, each capable of operating independently for rental or occupancy purposes.
Key Highlights
- Duplex built in 2005 with two identical units for straightforward management
- One unit is currently occupied and the other is vacant, ready for market rent or owner occupancy
- Elevated lot to help reduce flood risk
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
$36,857
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
4.91%
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%
$737,140
$737.1K
Cap Rate 7%
$526,529
$526.5K
Cap Rate 9%
$409,522
$409.5K
Market Conditions
NOI Build-Up for 2,204 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
$55.5K $25.20/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$52.7K $23.89/SF
− OpEx
−$15.8K −$7.17/SF
NOI
$36.9K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$737,140
Cap Rate 7%
$526,529
Cap Rate 9%
$409,522
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,857 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$483.7K
$423.2K – $564.3K
NOI $33,857 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$859.6K
$752.1K – $1.00M
NOI $60,169 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 2005 with two identical units, including one occupied and one vacant for immediate use.
Where is this duplex located?
The property is located at 911 NE 12th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex built in 2005 with two identical units for straightforward management; One unit is currently occupied and the other is vacant, ready for market rent or owner occupancy; Elevated lot to help reduce flood risk
