Entity Owned
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For Sale
Contact for pricing
1291 SW 29Th Ave, Pompano Beach, FL 33069
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
15,182 SF
Lot
1.88 ac (81,791 SF)
Zoning code
I-1
APN
49-42-04-19-0020
UPID
US18-0965478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department Store
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Telecommunications Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.14M
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
$6.48M
Blend (final)
Blend
$7.09M
Owner & transaction history
since 2025
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
I-1 · Pompano Beach, FL
Zoning description
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, an…
General category
INDUSTRIAL
Top alternative use upside
Neighborhood: shopping center
$9.9M
+64.2%
Commercial (general)
$8.0M
+32.4%
Industrial (general)
$6.9M
+13.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.09M
Value range
$6.38M – $7.79M
±10% around blend
Estimated value / SF
$467 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$6.38M
blend $7.09M
$7.79M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,182 SF
Lot area
1.88 ac
Year built
1984
Stories
1
APN
49-42-04-19-0020
Zoning
I-1
Assessed value
$2,876,460
Annual tax
$69,014
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.33M
@ 6.5% CAP return
$4.92M
@ 7% CAP return
$4.57M
4
Sales comparison
Partial preview
Sales approach indication
$5.66M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.6 mi away · 12,672 SF
8.1 mi away · 13,992 SF
8.2 mi away · 12,588 SF
12.7 mi away · 11,340 SF
13.4 mi away · 12,776 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.09M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 264 sales
$398
+17%
County 1253 sales
$455
+2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $467/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+64%
vs current-use indication
Commercial (general)
Industrial (general)
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$406k *
Last sale · Mar 2025
$5.81M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.03M
Move the market yield to see immediate price impact.
Value / SF
$595
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$366k
$9.14M
$8.13M
$7.31M
$406k
$10.16M
$9.03M
$8.13M
$447k
$11.18M
$9.93M
$8.94M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$7.83M
4.3 mi · Apr 2026 · $548/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$69,014
Tax year 2023
Assessed value
$2,876,460
Assessed 2023
Previous assessed
$2,727,180
+5.5% YoY
Effective rate
2.40%
On assessed value
Assessed land
$654,330
Assessed improvement
$2,222,130
Land market value
$654,330
Improvement market value
$2,222,130
Total market value
$2,876,460
Applied tax rate
1,512.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
15,182 SF
Lot
1.88 ac (81,791 SF)
Zoning code
I-1
APN
49-42-04-19-0020
UPID
US18-0965478
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Pompano Beach, FLZoning I-1 · permitted uses
I-1 · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, an…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Pompano Beach, FL
Recorded code
I-1
Official district
I-1
Official district profile
What the municipal code says about I-1
Zoning description
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, an…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Pompano Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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