Back to Search
Property profile & analytics
FOR SALE
Assisted living facilities
1020 N Riverside Dr Pompano Beach, FL 33062
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3850569
For Sale
1 / 2
$5,500,000
1020 N Riverside Dr, Pompano Beach, FL 33062
View Listing →
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Construction
CONCRETE
Total area
5,308 SF
Lot
0.58 ac (25,048 SF)
Zoning code
RM-20
APN
48-43-30-01-0670
UPID
US18-3850569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.92M
Owner & transaction history
Iml Pompano LLC · 4 yrs held
Iml Pompano LLC
since 2022
Last sale
$3.1M
1 recorded transaction
Zoning & alternative use
RM-20 · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Multiple Family Residence 20 (RM-20) district is established and intended to accommodate primarily multifamily dwellings (including townhouse development) including community residences and recovery communities at moderate densities. The district also accommodates single family and two family dwellings, zero lot line development, and continuing care reti…
Zone name
Multiple Family Residence
General category
RESIDENTIAL
Zone area
635.38 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.5M
+141.0%
Auto repair, garage
$3.9M
+110.9%
Commercial (general)
$3.8M
+107.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pompano Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompano Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,680,000
ML approach
$3,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,850,000
Current use
RESTAURANT
$4,455,000
Change: +141% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,895,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,835,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,465,000
Change: +88% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,290,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$2,110,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $3.10M (Jun 20 2022)
Last sale anchor
$3.10M
Jun 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$549 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$53,092
Tax year 2023
Assessed value
$2,394,410
Assessed 2023
Previous assessed
$667,730
+258.6% YoY
Effective rate
2.22%
On assessed value
Assessed land
$1,628,120
Assessed improvement
$766,290
Land market value
$1,628,120
Improvement market value
$766,290
Total market value
$2,394,410
Applied tax rate
1,511.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
For Sale
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
13
Total area
5,308 SF
Lot
0.58 ac (25,048 SF)
Zoning code
RM-20
APN
48-43-30-01-0670
UPID
US18-3850569
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Pompano Beach, FLZoning RM-20 · permitted uses
RM-20 · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Multiple Family Residence 20 (RM-20) district is established and intended to accommodate primarily multifamily dwellings (including townhouse development) including community residences and recovery communities at moderate densities. The district also accommodates single family and two family dwellings, zero lot line development, and continuing care retirement communities.
Zone name
Multiple Family Residence
General category
RESIDENTIAL
Zone area
635.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
13
Lot
0.58 ac
Current owner
From public records · entity-resolved
Iml Pompano LLC
Entity
Mailing address
4200 NW 16TH ST, LAUDERHILL, FL 33313-5899
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2022
$3,100,000
Iml Pompano LLC
Ac 27 LLC
Warranty Deed
$2,240,000 · Emg Transfer Agent LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
