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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Manufacturing properties
1505 2nd Pl Pompano Beach, FL 33069-3202
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-6082743
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
CONCRETE
Total area
31,036 SF
Lot
7.22 ac (314,311 SF)
Zoning code
I-1X
APN
49-42-03-12-0010
UPID
US18-6082743
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
by Request
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Southern Grouts & Mortar INC · 15 yrs held
Southern Grouts & Mortar INC
since 2010
5 recorded transactions
Zoning & alternative use
I-1X · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Special Industrial (I-IX) district is established and intended to accommodate those uses characterized primarily by outdoor storage of materials or equipment, outdoor manufacturing processes, and similar industrial uses that are inappropriate near residential areas and arterial streets. The district may also include some uses that are ancillary to indust…
Zone name
Special Industrial
General category
INDUSTRIAL
Zone area
116.44 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,130,000
6.5%
$2,890,000
7%
$2,680,000
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10%
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
$112 / 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
$199,852
Tax year 2023
Assessed value
$9,279,960
Assessed 2023
Previous assessed
$8,738,020
+6.2% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,514,490
Assessed improvement
$6,765,470
Land market value
$2,514,490
Improvement market value
$6,765,470
Total market value
$9,279,960
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Total area
31,036 SF
Lot
7.22 ac (314,311 SF)
Zoning code
I-1X
APN
49-42-03-12-0010
UPID
US18-6082743
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1X · Pompano Beach, FLZoning I-1X · permitted uses
I-1X · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Special Industrial (I-IX) district is established and intended to accommodate those uses characterized primarily by outdoor storage of materials or equipment, outdoor manufacturing processes, and similar industrial uses that are inappropriate near residential areas and arterial streets. The district may also include some uses that are ancillary to industrial development (e.g., vocational schools) 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 , sexually oriented businesses).
Zone name
Special Industrial
General category
INDUSTRIAL
Zone area
116.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
7.22 ac
Current owner
From public records · entity-resolved
Southern Grouts & Mortar INC
Entity
Mailing address
1502 SW 2ND PL, POMPANO BEACH, FL 33069-3220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2010
—
Southern Grouts & Mortar INC
Picou,ronie I
Quit Claim Deed
related
—
Nov 23, 2004
—
Picou,ron I
Southern Grouts & Mortars INC
Trustees Deed
$6,798,257 · Merrill Lynch Business Finl Sv
—
—
Southern Grouts & Mortars INC
—
Deed Of Trust
related
$5,300,000 · Florida Cmnty Bk
—
—
Southern Grouts & Mortars INC
—
Loan Modification
related
$5,300,000 · Synovus Mtg
—
—
Southern Grouts & Mortars INC
—
Deed Of Trust
related
$7,495,000 · Synovus Bk
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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