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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1202 Dr Martin Luther King Jr Blvd Pompano Beach, FL 33069-2929

    • Industrial properties
    • 6,581 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Nov 04, 2022
    $1,500,000
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    3.6%
    Industrial properties
    Location Intelligence
    Property ID
    US18-1340777
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1202 Dr Martin Luther King Jr Blvd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    0.43 lot acres
    Property size
    6,581 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    48-42-34-00-0960
    APU
    484234000960

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,095,000
      ML approach
      $1,240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1405
    Latitude
    26.2352
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,672
    $130,910
    $595,040
    $725,950
    -
    $130,910
    $595,040
    $725,950

    Comparable in this City

    • Value Estimation by Request
      150,383 SF

      1551-1571 Powerline Rd

      Distribution properties • 150,383 SF
      1551-1571 Powerline Rd, Pompano Beach, FL 33069
      View Details
    • Value Estimation by Request
      2,038 SF

      2175 Andrews Ave

      Distribution properties • 2,038 SF
      2175 Andrews Ave, Pompano Beach, FL 33069
      View Details
    • Value Estimation
      $615,000
      6,250 SF

      1010 15th Ave

      INDUSTRIAL (GENERAL) • 6,250 SF
      1010 15th Ave, Pompano Beach, FL 33069-1908
      View Details
    • Value Estimation by Request

      2083 Mcnab Rd

      Distribution properties
      2083 Mcnab Rd, Pompano Beach, FL 33069
      View Details
    • Value Estimation by Request
      3,520 SF

      921-933 31St Ave

      Distribution properties • 3,520 SF
      921-933 31St Ave, Pompano Beach, FL 33069
      View Details
    • Value Estimation
      $1,890,000
      17,468 SF

      2500 29th Mnr

      INDUSTRIAL (GENERAL) • 17,468 SF
      2500 29th Mnr, Pompano Beach, FL 33069-1031
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Pompano Beach Warehouse - $4.5M

      Prime Pompano Beach industrial warehouse, 15k+ sq ft.
      380 12Th Ave, Pompano Beach, FL 33069
      View Details
    • $370,000

      Pompano Beach Warehouse Investment

      Prime Warehouse, Office Space, Motivated Seller
      1791 Blount Rd, Pompano Beach, FL 33069
      View Details
    • $995,000
      3,250 SF

      Pompano Beach Warehouse Investment

      Income-producing warehouse condo in prime location.
      1091 31St Ave, Pompano Beach, FL 33069
      View Details
    • Contact for pricing
      55,825 SF

      Industrial-Flex Property on Powerline Road

      55,825 SF industrial-flex property with office suites for sale.
      2939-2999 N Powerline Rd, Pompano Beach, FL 33069
      View Details
    • $5,500,000
      13,286 SF

      Pompano Beach Industrial Warehouse

      13,286 SF Warehouse, $5.5M
      956 12Th Ave, Pompano Beach, FL 33069
      View Details
    • $1,175,000

      Pompano Beach Industrial Property

      Remodeled industrial property in Pompano Beach, offering an 8% CAP rate.
      2400 W Copans Rd, Pompano Beach, FL 33069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      239,580 SF

      Pompano Beach Industrial Land

      5.5-acre secure outdoor storage
      1001-1021 12Th Ter, Pompano Beach, FL 33069
      View Details
    • $6 SF/Yr
      12,084 SF

      I-95 Industrial Land for Lease

      Prime 2.2-acre industrial site, I-95 frontage
      1031 12Th Ter, Pompano Beach, FL 33069
      View Details
    • $15,600 /Mo

      Office/Industrial Space with High Parking

      Flexible space with high parking ratio and industrial zoning.
      470 S Andrews Ave, Pompano Beach, FL 33069
      View Details
    • $23 SF/Yr
      91,308 SF

      Copans Business Center: Pompano Beach Flex Space

      Pompano Beach industrial space; multiple units available.
      2520-2590 Powerline Rd, Pompano Beach, FL 33069
      View Details
    • $240 SF/Yr
      26,290 SF

      Pompano Beach Warehouse For Lease

      Modern Warehouse, 1,150 SF, Great Location
      230 12Th Ave, Pompano Beach, FL 33069
      View Details
    • $21 SF/Yr
      3,025 SF

      Pompano Beach Warehouse Space Available

      Industrial units with overhead doors, ranging from 400-3,025 sqft.
      2019-2033 W Mcnab Rd, Pompano Beach, FL 33069
      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.
    1202 Dr Martin Luther King Jr Blvd
    Pompano Beach, FL 33069-2929
    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.