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    1000 Atlantic Blvd Pompano Beach, FL 33060

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    Prime Atlantic Blvd Office Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional single-tenant special purpose property, located at 1000 E Atlantic Boulevard in Pompano Beach, Florida (zip code 33060), offers a unique investment opportunity. The building, zoned B-1, comprises a single suite and sits on a lot with no recorded square footage (APN: 494201030090). The property's convenient location between I-95 and US-1 on Atlantic Boulevard ensures excellent accessibility for businesses and employees. The available office spaces range in size from 100 square feet to 1,000 square feet, catering to a variety of business needs. A key advantage for select tenants is the availability of signage rights directly facing Atlantic Boulevard, providing significant visibility and brand exposure. Ample on-site parking is included for the convenience of occupants and visitors. This property presents a compelling opportunity for businesses seeking a well-located, accessible, and versatile office space in a thriving Pompano Beach commercial district. The single-tenant occupancy simplifies management and provides a stable income stream. The flexible space sizes allow for customization to suit diverse business requirements. The property's strategic location and attractive features make it an ideal choice for businesses seeking a prominent presence in this dynamic area.

    Property Features for 1000 Atlantic Blvd

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

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    Listing Contact
    Jason Chamely

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    Property Insight Report

    HighLights

    • Exceptional single‑tenant special purpose property at 1000 E Atlantic Boulevard, Pompano Beach, FL 33060.
    • B‑1 zoned, single‑suite building on a lot with unrecorded square footage (APN: 494201030090).
    • Excellent accessibility, situated between I‑95 and US‑1 on Atlantic Boulevard.
    • Office space ranging from 100 to 1,000 square feet, with signage rights on Atlantic Boulevard.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jay Bizzy Promotions Marketing Agency Beautified Lash Boutique Beauty Salon Bravo Garage Door ... Garage Door Supplier Pr Victoria Transit Station Insight Data Consulting Private Investigator

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1129725
    Latitude
    26.2314043

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    FAQs

    What type of property is this?
    Specialty property - Prime Atlantic Blvd Office Space
    Where is this specialty property located?
    The property is located at 1000 Atlantic Blvd Pompano Beach, FL.
    What are key features of this property?
    This property features: Exceptional single-tenant special purpose property at 1000 E Atlantic Boulevard, Pompano Beach, FL 33060.; B-1 zoned, single-suite building on a lot with unrecorded square footage (APN: 494201030090).; Excellent accessibility, situated between I-95 and US-1 on Atlantic Boulevard.
    Request Owner's contact information
    1000 Atlantic Blvd Pompano Beach, FL 33060
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    Pompano Beach, FL 33060
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1000 Atlantic Blvd Pompano Beach, FL 33060
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