Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3109 4Th Ave Pompano Beach, FL 33064
    Back to Search
    Property profile & analytics

    3109 4Th Ave, Pompano Beach, FL 33064

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3109 4Th Ave

    Year built
    1974
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional fourplex investment property, located at 3109 NW 4th Ave, Pompano Beach, FL 33064, presents a compelling opportunity for savvy investors. Built in 1974, this property boasts a strong rental history with all units currently leased to reliable tenants. The asking price is $850,000. Situated within the Olive Glen Condominium Association, tenants enjoy access to the community swimming pool at a low monthly cost to the owner of only $252 for all four units. This significantly reduces the operational burden for the owner. Each unit is equipped with a new air conditioning system, ensuring tenant comfort and minimizing maintenance concerns. The property's location in Pompano Beach, Broward County, offers excellent access to local amenities and transportation. This is a turnkey investment opportunity with a proven track record of generating substantial rental income. The property is classified as a Multifamily, Apartment Building, Duplex/Triplex/Quadruplex. The absence of stories listed indicates a single-story building. This fully leased fourplex offers immediate cash flow and significant long-term growth potential. Don't miss this chance to acquire a high-performing asset in a desirable location.

    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
    -80.129
    Latitude
    26.2704

    Comparable in this City

    • Value Estimation by Request

      2610 18Th Ter

      Multifamily properties
      2610 18Th Ter, Lighthouse Point, FL 33064
      View Details
    • Value Estimation by Request

      3670 15Th Ave

      Multifamily properties
      3670 15Th Ave, Pompano Beach, FL 33064
      View Details
    • Value Estimation by Request

      301 32Nd Ct

      Multifamily properties
      301 32Nd Ct, Pompano Beach, FL 33064
      View Details
    • Value Estimation
      $7,460,000
      6,681 SF

      215 50th St

      MOBILE HOME PARK, TRAILER PARK
      215 50th St, Deerfield Beach, FL 33064-2400
      View Details
    • Value Estimation
      $760,000
      552 SF

      1400 33rd St

      MOBILE HOME PARK, TRAILER PARK
      1400 33rd St, Pompano Beach, FL 33064-2129
      View Details
    • Value Estimation by Request

      2713 27Th Ave

      Multifamily properties
      2713 27Th Ave, Lighthouse Point, FL 33064
      View Details

    Similar Nearby for Sale

    • $3,600,000
      6,390 SF

      Waterfront Multifamily Building in Lighthouse Point

      Waterfront 5-unit building with deep-water access and redevelopment potential.
      2735 NE 28Th Ct, Lighthouse Point, FL 33064
      View Details
    • $2,000,000
      5,533 SF

      Lighthouse Point Multifamily Investment

      Updated 8-unit property near beaches and shopping.
      2131 NE 40Th Ct, Lighthouse Point, FL 33064
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Renovated Apartment in Deerfield, FL

      Renovated two-bedroom apartment in a desirable Deerfield Beach location.
      550 NE 44Th St, Deerfield Beach, FL 33064
      View Details
    • $1,300 /Mo

      Studio Apartment with Private Backyard

      Studio apartment in Pompano Beach with private backyard for rent.
      341 NW 35Th Ct, Pompano Beach, FL 33064
      View Details
    • $1,625 /Mo
      750 SF

      Pompano Beach Turnkey Office Space

      Turnkey office space in professional building on Federal Highway.
      4701 N Federal Hwy, Pompano Beach, FL 33064
      View Details
    • Contact for pricing

      Pompano Beach Warehouse Space Available

      Warehouse and office space available west of I-95.
      2040 Northwest 40Th Ct, Pompano Beach, FL 33064
      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.
    3109 4Th Ave
    Pompano Beach, FL 33064
    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

    Thank You for Inquiry
    3109 4Th Ave, Pompano Beach, FL, 33064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!