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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1816 7Th Ave Pompano Beach, FL 33060

    • Warehouses
    • 2,292 SF
    • 0.05 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Dec 20, 2021
    $329,000
    Value Estimations
    $410,000
    Cap Rate Potential
    3.9%
    Warehouses
    Location Intelligence
    Property ID
    US18-2925834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • southeastern aerospace / Transportation Service
    • Sterling Fine Arts / Print Shop

    Property Details for 1816 7Th Ave

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.05 lot acres
    Property size
    2,292 SF
    Zone code
    B-4
    Property type
    Warehouses
    APN
    49-42-11-16-0278
    APU
    494211160278

    Description

    This exceptional 2,292 square foot warehouse in Broward County offers a versatile single-tenant space, perfect for a variety of uses. Currently completely cleared and open, this flex space is zoned B-4, allowing for a wide range of businesses, from retail and service to light manufacturing and warehousing. The property features two convenient roll-up doors for easy loading and unloading, and three assigned parking spaces are included for employee and customer convenience. A new bathroom will be installed prior to lease commencement. The space previously housed a granite/stone cutting business, showcasing its suitability for heavier industrial applications. This property presents a unique opportunity, with the potential to expand by connecting to an adjacent 1,800 square foot space (separate lease). A minimum two-year lease term is preferred; one-year leases will not be considered. The property's APN is 494211160278. This is an excellent opportunity for a business seeking a well-located, functional warehouse in a thriving Broward County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $430,000
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $280,000
      6.5%
      $260,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $463,000
      Market price range: $387k - $627k
      AI Estimate
      $296,000
      Market price range: $160k - $440k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $460,000
      Current use
      RETAIL STORES
      $485,000
      Change: +5% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1313
    Latitude
    26.2078
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,866
    $34,380
    $288,000
    $322,380
    -
    $34,380
    $288,000
    $322,380

    Comparable in this City

    • Value Estimation
      $500,000
      8,476 SF

      1781 7th Ave

      WAREHOUSE, STORAGE • 8,476 SF
      1781 7th Ave, Pompano Beach, FL 33060-9025
      View Details
    • Value Estimation
      $545,000
      14,550 SF

      103 8th St

      MINI-WAREHOUSE, STORAGE • 14,550 SF
      103 8th St, Pompano Beach, FL 33060-6137
      View Details
    • Value Estimation
      $475,000
      18,120 SF

      200 2nd St

      MINI-WAREHOUSE, STORAGE • 18,120 SF
      200 2nd St, Pompano Beach, FL 33060-7013
      View Details
    • Value Estimation
      $505,000
      10,000 SF

      978 Dixie W Hwy

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      978 Dixie W Hwy, Pompano Beach, FL 33060-7803
      View Details
    • Value Estimation
      $400,000
      8,550 SF

      400 Dixie W Hwy, Unit 412

      WAREHOUSE, STORAGE • 8,550 SF
      400 Dixie W Hwy, Pompano Beach, FL 33060-7804
      View Details
    • Value Estimation
      $680,000
      6,850 SF

      465 Flagler Ave, Unit 517

      WAREHOUSE, STORAGE • 6,850 SF
      465 Flagler Ave, Pompano Beach, FL 33060-7924
      View Details

    Similar Nearby for Sale

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    • $1,395,000

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      Pompano Beach Industrial Flex Space

      8,802 SF Flex Space, $2.15M
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    • $635,000

      Pompano Beach Office/Warehouse Opportunity

      3,025 SF office/warehouse on 6,502 SF lot in Pompano Beach.
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    Similar Nearby for Lease

    • $18 SF/Yr
      17,500 SF

      Pompano Beach Warehouse Space Available

      Industrial warehouse space for lease in Pompano Beach, FL.
      1661 Dixie Hwy, Pompano Beach, FL 33060
      View Details
    • $20 SF/Yr
      2,292 SF

      Prime Broward Warehouse Space

      2,300 SF Warehouse - Ideal Flex Space
      1816 7Th Ave, Pompano Beach, FL 33060
      View Details
    • $21 SF/Yr
      1,215 SF

      Pompano Beach Warehouse For Lease

      1,215 SF Office Warehouse - Immediate Occupancy
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      View Details
    • $18 SF/Yr
      7,700 SF

      Pompano Beach Manufacturing Warehouse

      7,700 SF manufacturing warehouse with fenced yard and ample parking.
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    • $2 SF/Yr
      15,000 SF

      Pompano Beach Flex Warehouse Space

      15,000 SF Flex Space, Ideal for Diverse Uses
      1804 7Th Ave, Pompano Beach, FL 33060
      View Details
    • Contact for pricing
      30,608 SF

      Freestanding Warehouse on 2.2 Acres

      30,608 SF warehouse with truck court and ample parking.
      290 SW 14Th Ave, Pompano Beach, FL 33060
      View Details
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    Pompano Beach, FL 33060
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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