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Property profile & analytics
FOR SALE
Commercial land
1350 NW 31St Ave Pompano Beach, FL 33069
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7751656
For Sale
1 / 8
$12,000,000
1350 NW 31St Ave, Pompano Beach, FL 33069
View Listing →
Property summary
AI-generated overview
Exceptional investment opportunity in Pompano Beach, Florida. This 5.36-acre commercial land parcel, located at 1350 NW 31st Ave (APN 48-42-33-68-0030), boasts a prime location just off the Turnpike, near Atlantic Blvd and I-95. The property features an impressive 848+ feet of frontage on NW 31st Ave and is zoned B-3, B-4. A site plan is already approved for a substantial multifamily development project encompassing 369 units, including 35 affordable units and 4,634 square feet of commercial space. This development sits within an Opportunity Zone (ID 1201103060), benefiting from potential tax advantages. The area demonstrates extremely dense demographics, with a population exceeding 115,000 within a 3-mile radius and abundant surrounding retail. Construction drawings will be provided. Asking price is $14,000,000. This is a rare chance to acquire a fully permitted site ready for immediate development in a high-growth area.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.36 ac (233,440 SF)
Zoning code
B-4
APN
48-42-33-68-0030
UPID
US18-7751656
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
-
ER Graham Bldg Sao Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aviara Corp Park LLC · 7 yrs held
Aviara Corp Park LLC
since 2019
3 recorded transactions
Zoning & alternative use
B-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,124
Tax year 2023
Assessed value
$2,801,280
Assessed 2023
Previous assessed
$2,090,770
+34.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,801,280
Land market value
$2,801,280
Total market value
$2,801,280
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
5.36 ac (233,440 SF)
Zoning code
B-4
APN
48-42-33-68-0030
UPID
US18-7751656
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Pompano Beach, FL
Zoning B-4 · permitted uses
B-4 · 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
Heating
NONE
Lot
5.36 ac
Current owner
From public records · entity-resolved
Aviara Corp Park LLC
Entity
Free & Clear · 7 yrs held
Mailing address
933 S CONGRESS AVE, DELRAY BEACH, FL 33445-4628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
Farhat Realty & Investments INC
—
Deed
related
$2,000,000 · Barry Schnittman
Jun 21, 2019
$2,100,000
Aviara Corp Park LLC
Mlef1-2 LLC
Warranty Deed
—
Aug 11, 2017
$1,250,000
Mlef1-2 LLC
Inmon,patricia
Warranty Deed
$750,000 · Grupo Tulin INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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