380 12Th Ave Pompano Beach, FL 33069
- Warehouses
- 6,972 SF
- 0.61 lot acres
Current Use by Public Records
- Clinic / Doctor
- Atlantic Treatment Center / Addiction Treatment Center
- Atlantic Treatment Center-Pompano Beach / Addiction Treatment Center / Counselor
- Dr. Harry Bayron / Family Practice Physician / Pediatric Cardiologist
- Milano Brothers International / Electronics Exporter
Property Details for 380 12Th Ave
- Year built
- 1970
- Construction
- CONCRETE
- Lot size
- 0.61 lot acres
- Property size
- 6,972 SF
- Zone code
- I-1
- Property type
- Warehouses
- APN
- 49-42-02-00-0160
- APU
- 494202000160
Description
This exceptional Pompano Beach industrial investment opportunity presents a 15,315 square foot building situated on a 26,549 square foot lot at 380 SW 12th Ave, Pompano Beach, FL 33069. The property, built in 1970, features two units, offering flexible leasing options and currently boasts 100% occupancy, ensuring immediate income generation. The building is classified as Class C and zoned I-1, suitable for various industrial uses. With a 14-foot ceiling height, the warehouse space is well-suited for a range of industrial tenants. The property benefits from a Net Net Net (NNN) lease structure and includes rent bumps, providing future income growth potential. Its prime location in Pompano Beach offers easy access to major transportation routes, ensuring efficient logistics. The property is well-maintained and ready for immediate use, featuring ample parking for tenants and visitors. This is a strong investment opportunity in a thriving Broward County location, offering a blend of coastal living and commercial activity. The property's solid construction and established tenancy make it an attractive proposition for discerning investors seeking a stable and appreciating asset. The multi-unit structure allows for diversification of income streams, minimizing risk and maximizing returns.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,555,000
- 7%
- $1,625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,350,000
- Geo Method
- $1,535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,650,000
- Retail
- $1,890,000
- Mixed-Use
- $1,885,000
- Hospitality
- $1,540,000
- Educational
- $1,460,000
- Residential Income
- $1,665,000
- Energy
- $1,490,000
- Income-Based Land
- $1,565,000
- Food Service
- $1,930,000
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1384
- Latitude
- 26.2255
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
