Oceanfront Restaurant
For Sale
$1,798,000
Cu-900 N Ocean Blvd, Pompano Beach, FL 33062
Shell-condition, restaurant-zoned space with floor-to-ceiling windows and a prominent street-level entrance at Casamar.
Property Size2,280 SF
Price / SF$788.60
Days on Market441
Property Features for Cu-900 N Ocean Blvd
General Information
Standard status
Active
Size
2,280 SF
Taxes and HOA fees
Annual Taxes
$2,178
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Denise Gobin · License #0699055
(954) 553-1089
Source:
Exprealty
Added: Jul 18, 2025
Changed: Sep 25
Last Checked: Oct 1 at 12:37PM
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.
Introducing the only commercial unit available at the Casamar development: a restaurant-zoned space delivered in shell condition and designed for a new dining concept. The suite is planned with floor-to-ceiling windows and a prominent street-level entrance, creating a direct, pedestrian-friendly presence.
The unit is located directly on Ocean Boulevard and is described as offering sweeping coastal views. The building, designed by internationally acclaimed Arquitectonica, is set within a modern beachfront setting.
Operationally, the offering includes private parking and valet service as part of the overall development. Estimated delivery is September 2025.
The unit is located directly on Ocean Boulevard and is described as offering sweeping coastal views. The building, designed by internationally acclaimed Arquitectonica, is set within a modern beachfront setting.
Operationally, the offering includes private parking and valet service as part of the overall development. Estimated delivery is September 2025.
Key Highlights
- Shell‑condition commercial unit (2,280 SF) at the Casamar development in Pompano Beach
- Zoned for restaurant use with a prominent street‑level entrance
- Ocean Boulevard frontage 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
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
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?
Conventional restaurant - Shell-condition, restaurant-zoned space with floor-to-ceiling windows and a prominent street-level entrance at Casamar.
Where is this conventional restaurant located?
The property is located at Cu-900 N Ocean Blvd 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: Shell‑condition commercial unit (2,280 SF) at the Casamar development in Pompano Beach; Zoned for restaurant use with a prominent street‑level entrance; Ocean Boulevard frontage with sweeping coastal views and floor‑to‑ceiling windows
