Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2631-2641 Atlantic Blvd Pompano Beach, FL 33062

    • Office Properties & Spaces
    • 20,434 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2631-2641 Atlantic Blvd

    Year built
    1964
    Lot size
    0.24 lot acres
    Property size
    20,434 SF
    Property type
    Office Properties & Spaces

    Description

    This Pompano Beach, Florida office building, located at 2631-2641 E Atlantic Blvd (33062), offers 20,434 square feet of Class B office space in a single building on a 0.24-acre lot. Built in 1964 and renovated in 2000, the property features a well-maintained lobby and common areas. Currently, 1,377 square feet are vacant, with two available units: one approximately 508 square feet and another approximately 745 square feet. The building boasts high-speed internet, advanced security, and climate control. Its B-3 zoning allows for a variety of commercial uses. The prime East Atlantic Boulevard location provides high visibility and easy access to major highways and public transportation. The property's flexible layout caters to businesses of various sizes, offering a competitive and adaptable leasing environment. The Broward County location offers proximity to numerous restaurants, cafes, and retail establishments. This is an exceptional opportunity for businesses seeking a thriving location in Pompano Beach. The property's APN is 48-43-31-16-0030.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0973
    Latitude
    26.2326

    Comparable in this City

    • Value Estimation by Request

      2700 14Th St

      Medical offices
      2700 14Th St, Pompano Beach, FL 33062
      View Details
    • Value Estimation by Request
      10,371 SF

      2000 Federal Hwy Hwy

      Office Properties & Spaces • 10,371 SF
      2000 Federal Hwy Hwy, Pompano Beach, FL 33062
      View Details
    • Value Estimation by Request
      32,902 SF

      2700 14 St. Cswy

      Medical offices • 32,902 SF
      2700 14 St. Cswy, Pompano Beach, FL 33062
      View Details
    • Value Estimation by Request
      15,372 SF

      2605 Atlantic Blvd

      Office space • 15,372 SF
      2605 Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • Value Estimation by Request
      22,000 SF

      2301-2313 Federal Hwy

      Specialty properties • 22,000 SF
      2301-2313 Federal Hwy, Pompano Beach, FL 33062
      View Details
    • Value Estimation
      $515,000
      10,708 SF

      24 24th Ave

      OFFICE BUILDING • 10,708 SF
      24 24th Ave, Pompano Beach, FL 33062-5206
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Prime Pompano Beach Office Building

      $2.5M Office Building - US 1
      120 Federal Hwy, Pompano Beach, FL 33062
      View Details
    • $750,000
      Pending

      Prime Location Near Beach

      Commercial property in prime location near the beach in Pompano.
      2314 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $3,175,000
      7,242 SF

      Pompano Beach Office Building Investment

      Prime Office Space, 7,242 SF, 4 Units
      2231 25Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing

      Pompano Beach Office Building

      Modern office space in a vibrant Pompano Beach location.
      1600 S Federal Hwy, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      20,434 SF

      East Atlantic Boulevard Retail/Office Space

      Retail and office spaces with prominent frontage and abundant parking.
      2631-2641 East Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      29,557 SF

      Pompano Beach Office Portfolio

      Office portfolio for sale in Palm Beach/Broward area.
      4699 N Federal Hwy, Pompano Beach, FL 33062
      View Details

    Similar Nearby for Lease

    • $7,800 /Mo
      21,780 SF

      Pompano Beach Office/Medical Space

      Approximately 3,000 sq ft office/medical space for lease.
      2231 NE 25Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      2,228 SF

      Pompano Beach Retail/Office Space

      Retail or office space near Walmart and industrial park.
      2201-2283 SW 2Nd St, Pompano Beach, FL 33062
      View Details
    • Contact for pricing

      Renovated Professional Suites Available

      Multi-use building with renovated suites in Pompano Beach.
      50 Northeast 26Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      633 SF

      Pompano Beach Retail/Office Space

      Upgraded retail and office spaces with secured entrance and parking.
      2635-2637 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $4,500,000
      3,400 SF

      Pompano Beach Medical/Office Space

      Located in the heart of Pompano Beach, ideal for investment.
      2701 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $4,000 /Mo
      16,988 SF

      Turnkey Medical Office Space Available

      Prominent Pompano Beach medical office with high traffic exposure.
      1600 N Federal Hwy, Pompano Beach, FL 33062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2631-2641 Atlantic Blvd
    Pompano Beach, FL 33062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.