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Property profile & analytics
OFF-MARKET
Estimated value
$8,885,000
Manufacturing properties
1385 Dr Martin Luther King Jr Blvd Pompano Beach, FL 33069-2935
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0179825
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
CONCRETE
Total area
26,598 SF
Lot
17.34 ac (755,537 SF)
Zoning code
I-1
APN
48-42-34-00-0060
UPID
US18-0179825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.89M
Owner & transaction history
Alliance West Atlantic LLC · 3 yrs held
Alliance West Atlantic LLC
since 2022
Last sale
$12.0M
1 recorded transaction
Zoning & alternative use
I-1 · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindu…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
2,311.49 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$14.0M
+16.3%
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
$8,745,000
ML approach
$8,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,040,000
Current use
COMMERCIAL (GENERAL)
$14,005,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$10,580,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.89M
Range $8.00M – $9.77M · ±10% · vs last sale $12.00M (Oct 10 2022)
Last sale anchor
$12.00M
Oct 10 2022
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
$334 / 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
$104,133
Tax year 2023
Assessed value
$4,827,230
Assessed 2023
Previous assessed
$4,810,660
+0.3% YoY
Effective rate
2.16%
On assessed value
Assessed land
$3,022,150
Assessed improvement
$1,805,080
Land market value
$3,022,150
Improvement market value
$1,805,080
Total market value
$4,827,230
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
26,598 SF
Lot
17.34 ac (755,537 SF)
Zoning code
I-1
APN
48-42-34-00-0060
UPID
US18-0179825
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindustrial development(e.g., vocational schools, business support services) or provide convenience services to industrial employees (e.g., child care facilities,gasoline filling stations, banks), as well as some uses that may be inappropriate in residential or commercial districts (e.g., animal shelter, kennel, sport shooting range).
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
2,311.49 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$14.0M
OFFICE BUILDING
Est. value
$10.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE 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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
17.34 ac
Current owner
From public records · entity-resolved
Alliance West Atlantic LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5700 LK WRIGHT DR STE #300, NORFOLK, VA 23502-1859
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 10, 2022
$12,000,000
Alliance West Atlantic LLC
Jennaro Building 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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