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Property profile & analytics
OFF-MARKET
Estimated value
$10,015,000
Retail properties & Spaces
1200 23rd St Pompano Beach, FL 33062-2400
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3744927
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1969
Construction
CONCRETE
Total area
150,353 SF
Lot
6.7 ac (291,767 SF)
Zoning code
B-3/PCD
APN
48-42-25-07-0013
UPID
US18-3744927
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
Current use
Occupant on record · Public records
-
Finish Line (located inside Macy's) T-Shirt Store Hat Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.35M
Blend (final)
Blend
$10.02M
Owner & transaction history
Crp Mg Pompano Citi Centre Owner Ll · 1 yrs held
Crp Mg Pompano Citi Centre Owner Ll
since 2024
Last sale
$10.0M
1 recorded transaction
Zoning & alternative use
B-3/PCD · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$10,015,000
ML approach
$10,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.02M
Range $9.01M – $11.02M · ±10% · vs last sale $10.01M (Oct 2 2024)
Last sale anchor
$10.01M
Oct 2 2024
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
$67 / 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
$202,046
Tax year 2023
Assessed value
$6,229,410
Assessed 2023
Previous assessed
$6,229,410
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$2,042,370
Assessed improvement
$4,187,040
Land market value
$2,042,370
Improvement market value
$4,187,040
Total market value
$6,229,410
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
150,353 SF
Lot
6.7 ac (291,767 SF)
Zoning code
B-3/PCD
APN
48-42-25-07-0013
UPID
US18-3744927
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3/PCD · Pompano Beach, FL
Zoning B-3/PCD · permitted uses
B-3/PCD · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pompano Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
6.7 ac
Current owner
From public records · entity-resolved
Crp Mg Pompano Citi Centre Owner Ll
Individual
Free & Clear · 1 yrs held
Mailing address
3000 W RICHMOND AVE, HOUSTON, TX 77098-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 2, 2024
$10,012,500
Crp Mg Pompano Citi Centre Owner Ll
Macys Retail Holdings LLC
Special Warranty Deed
—
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.
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