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Property profile & analytics
OFF-MARKET
Estimated value
$6,205,000
Office buildings
1291 29th Ave Pompano Beach, FL 33069-4329
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0965478
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Organic Soft Drinks Department Store
-
Onstream Media Corporation Marketing & Advertising (Bike/Boat/Book/etc) Store
-
VoIP First Media Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.14M
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
$6.48M
Blend (final)
Blend
$6.21M
Owner & transaction history
Dovehill Industrial 2 LLC · 1 yrs held
Dovehill Industrial 2 LLC
since 2025
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
I-1 · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.9M
+64.2%
Commercial (general)
$8.0M
+32.4%
Industrial (general)
$6.9M
+13.8%
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
$7,085,000
ML approach
$7,140,000
CAP Approach
CAP Return
Estimation
6%
$5,325,000
6.5%
$4,915,000
7%
$4,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,915,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,995,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,875,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$5,330,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$6.21M
Range $5.58M – $6.83M · ±10% · vs last sale $5.81M (Mar 31 2025)
Last sale anchor
$5.81M
Mar 31 2025
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
$409 / 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
$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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
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, FL
Zoning I-1 · permitted uses
I-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.88 ac
Current owner
From public records · entity-resolved
Dovehill Industrial 2 LLC
Entity
Mailing address
10405 N BARNSLEY DR, PARKLAND, FL 33076-4465
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
—
Dovehill Industrial 2 LLC
1291 Sw29thavellc
Deed
related
—
Mar 31, 2025
$5,805,300
Dovehill Industrial 2 LLC
1291 Sw 29th Ave LLC
Special Warranty Deed
$3,500,000 · Wilmington Savings Fund Society Fsb
Mar 8, 2024
—
1291 Sw 29th Ave LLC
—
Deed
related
$710,000 · American National Bank & Trust
Feb 17, 2023
—
1291 Sw 29th Ave LLC
—
Deed
related
$400,000 · Double Eagle Funding
Jun 24, 2022
—
1291 Sw 29th Ave LLC
—
Deed
related
$3,000,000 · American National Bank & Trust
Apr 29, 2022
—
1291 Sw 29th Ave LLC
—
Deed
related
$400,000 · Anthony Colangelo
Aug 9, 2021
$2,700,000
1291 Sw 29th Ave LLC
Charen Lc
Warranty Deed
$2,076,099 · City National Bank Of Florida
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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