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    Property profile & analytics

    2420 Andrews Ave Ext Pompano Beach, FL 33064-2142

    • Office buildings
    • 6,520 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2020
    $2,233,200
    Value Estimations
    $2,195,000
    Show details
    Cap Rate Potential
    3.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-4145521
    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

    • Hulett Environmental Services / Garden Center
    • Northwest Exterminating - Pompano Beach / Garden Center
    • Danz Contracting, LLC / General Contractor
    • gcl construction inc / General Contractor

    Property Details for 2420 Andrews Ave Ext

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    1.62 lot acres
    Property size
    6,520 SF
    Zone code
    B-4
    Property type
    Office buildings
    APN
    48-42-22-06-0020
    APU
    484222060020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,290,000
      6.5%
      $2,110,000
      7%
      $1,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,773,000
      Market price range: $1.43M - $2.77M
      AI Estimate
      $2,197,000
      Market price range: $428k - $2.20M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,160,000
      Current use
      COMMERCIAL (GENERAL)
      $3,435,000
      Change: +59% Conversion: Easy
      MEDICAL BUILDING
      $2,290,000
      Change: +6% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,015,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.14
    Latitude
    26.2618
    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
    $47,899
    $1,304,730
    $807,050
    $2,111,780
    -
    $1,304,730
    $807,050
    $2,111,780

    Comparable in this City

    • Value Estimation
      $1,945,000
      7,791 SF

      4201 Federal Hwy

      OFFICE BUILDING (MULTI-STORY) • 7,791 SF
      4201 Federal Hwy, Pompano Beach, FL 33064-6048
      View Details
    • Value Estimation by Request
      1,277 SF

      601 Sample Rd Ste, Unit 108

      PROFESSIONAL BUILDING • 1,277 SF
      601 Sample Rd Ste, Deerfield Beach, FL 33064-4443
      View Details
    • Value Estimation
      $1,580,000
      4,764 SF

      271-285 48th St

      OFFICE BUILDING • 4,764 SF
      271-285 48th St, Deerfield Beach, FL 33064
      View Details
    • Value Estimation
      $515,000
      1,645 SF

      601 Sample Rd Ste, Unit 104

      PROFESSIONAL BUILDING • 1,645 SF
      601 Sample Rd Ste, Deerfield Beach, FL 33064-4443
      View Details
    • Value Estimation
      $1,435,000
      3,754 SF

      2281 36th St

      OFFICE BUILDING • 3,754 SF
      2281 36th St, Lighthouse Point, FL 33064-7541
      View Details
    • Value Estimation
      $505,000
      1,606 SF

      2100 36th St Ste, Unit 203

      PROFESSIONAL BUILDING • 1,606 SF
      2100 36th St Ste, Lighthouse Point, FL 33064-7574
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,554 SF

      Pompano Beach Office Portfolio

      Office portfolio for sale in Palm Beach/Broward area.
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      View Details
    • New
      $450,000
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      Pompano Beach Flex Space Warehouse

      Flex space warehouse with office/showroom in excellent condition.
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      Turnkey Office Space on Sample

      Spacious office space with private offices and ample parking.
      1369 E Sample Rd, Pompano Beach, FL 33064
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    • $295,000

      Pizzeria Business Opportunity in Florida

      Thriving pizzeria for sale in Pompano Beach, Florida.
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      Established Dry-Cleaning Business For Sale

      Profitable dry-cleaning business in Lighthouse Point with loyal clientele.
      5030 N Federal Hwy, Lighthouse Point, FL 33064
      View Details

    Similar Nearby for Lease

    • $15,990,000
      51,868 SF

      Pompano Beach Office Redevelopment Opportunity

      Office building for lease with redevelopment potential in Pompano Beach.
      555 SW 12Th Ave, Pompano Beach, FL 33064
      View Details
    • $19 SF/Yr
      51,125 SF

      Deerfield Beach Office Space Available

      Office building with flexible floor plans and convenient highway access.
      2001 West Sample Rd, Pompano Beach, FL 33064
      View Details
    • Contact for pricing

      Pompano Beach Distribution Facility

      Industrial distribution facility in Pompano Beach, near major highways.
      3250 Park Central Blvd North, Pompano Beach, FL 33064
      View Details
    • $18 SF/Yr
      10,061 SF

      Deerfield Beach Office Space Available

      Spacious office with reception, private offices, and conference room.
      2100 Sw 10Th Ave, Deerfield Beach, FL 33064
      View Details
    • $3,000 /Mo

      Pompano Beach Office/Showroom Space

      Modern, move-in ready office/showroom space in Pompano Beach, Florida.
      500 NE 25Th St, Pompano Beach, FL 33064
      View Details
    • $3,000 /Mo

      Pompano Beach Office/Showroom Space

      Modern, move-in ready office/showroom space in Pompano Beach, Florida.
      500 NE 25Th St, Pompano Beach, FL 33064
      View Details
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    2420 Andrews Ave Ext
    Pompano Beach, FL 33064-2142
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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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