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    Property profile & analytics

    1940 2nd St Pompano Beach, FL 33060-7522

    • Office buildings
    • 3,392 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0309308
    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

    • North Star Contractors / Roofing Company / General Contractor

    Property Details for 1940 2nd St

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    3,392 SF
    Zone code
    TO-EOD
    Property type
    Office buildings
    APN
    48-42-36-01-3000
    APU
    484236013000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,190,000
      6.5%
      $1,100,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $846,000
      Market price range: $310k - $859k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,350,000
      Current use
      MEDICAL BUILDING
      $1,190,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.104
    Latitude
    26.2298
    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
    $19,560
    $74,250
    $776,750
    $851,000
    -
    $74,250
    $776,750
    $851,000

    Comparable in this City

    • Value Estimation
      $2,170,000
      6,648 SF

      301 Atlantic Blvd

      OFFICE BUILDING • 6,648 SF
      301 Atlantic Blvd, Pompano Beach, FL 33060-6643
      View Details
    • Value Estimation
      $2,140,000
      8,865 SF

      729 Atlantic Blvd

      PROFESSIONAL BUILDING (MULTI-STORY) • 8,865 SF
      729 Atlantic Blvd, Pompano Beach, FL 33060-6345
      View Details
    • Value Estimation
      $1,390,000
      5,723 SF

      500 Cypress Rd

      OFFICE BUILDING • 5,723 SF
      500 Cypress Rd, Pompano Beach, FL 33060-7141
      View Details
    • Value Estimation
      $1,230,000
      5,132 SF

      1501 Atlantic Blvd, Unit 1541

      OFFICE BUILDING • 5,132 SF
      1501 Atlantic Blvd, Pompano Beach, FL 33060-6748
      View Details
    • Value Estimation by Request
      1,275 SF

      700 Atlantic Blvd Ste, Unit 103

      PROFESSIONAL BUILDING • 1,275 SF
      700 Atlantic Blvd Ste, Pompano Beach, FL 33060-6368
      View Details
    • Value Estimation by Request
      1,250 SF

      1701 Atlantic Blvd Ste, Unit 5

      OFFICE BUILDING • 1,250 SF
      1701 Atlantic Blvd Ste, Pompano Beach, FL 33060-6767
      View Details

    Similar Nearby for Sale

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      Freestanding Office Building in Pompano

      Charming office building in East Pompano Beach with parking.
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    • Contact for pricing
      12,570 SF

      Pompano Beach Office Building

      12,570 SF building in prime Pompano Beach location.
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    • $2,300,000
      6,018 SF

      Pompano Beach Single-Story Office Building

      Freestanding 6,018 SF office building in Pompano Beach, Florida.
      925 SE 1St St, Pompano Beach, FL 33060
      View Details
    • $1,349,999
      4,263 SF

      Pompano Beach Commercial Building For Sale

      4,263 SF building with a 6,758 SF yard.
      2323 N Dixie Hwy, Pompano Beach, FL 33060
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    • Contact for pricing

      Pompano Beach Office/Retail Space

      Versatile Pompano Beach space ideal for office or wellness use.
      2001 N Dixie Hwy, Pompano Beach, FL 33060
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    • $2,500,000

      Pompano Beach Medical Office Building

      Two-story medical office building in Pompano Beach for sale.
      1600 E Atlantic Blvd, Pompano Beach, FL 33060
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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space on Atlantic Boulevard

      Retail spaces available in East Pompano Beach revitalization area.
      2451 E Atlantic Blvd, Pompano Beach, FL 33060
      View Details
    • Contact for pricing

      Retail Space in Old Town

      Retail space in a growing lifestyle and entertainment district.
      114 N Flagler Ave, Pompano Beach, FL 33060
      View Details
    • $2,750 /Mo

      Pompano Beach Retail/Office Space

      Versatile 1,200 SF suite near Pompano Beach redevelopment district.
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      View Details
    • $30 SF/Yr

      Pompano Beach Commercial Space

      Renovated space with high visibility on Atlantic Boulevard.
      1301 E Atlantic Blvd, Pompano Beach, FL 33060
      View Details
    • Contact for pricing

      Industrial Space with Office and Yard

      Industrial space featuring office and yard on a 0.53-acre lot.
      1627 S Dixie Hwy, Pompano Beach, FL 33060
      View Details
    • $11 SF/Yr

      Pompano Beach Shell Office Space

      Prime office space in revitalized Downtown Pompano Beach, Florida.
      911 East Atlantic Blvd, Pompano Beach, FL 33060
      View Details
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    Pompano Beach, FL 33060-7522
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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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