Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2469 23rd Ct Pompano Beach, FL 33062-1001

    • Office buildings
    • 800 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Mar 16, 2020
    $135,000
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    8.5%
    Office buildings
    Location Intelligence
    Property ID
    US18-3814842
    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

    • Office buildings

    Property Details for 2469 23rd Ct

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.08 lot acres
    Property size
    800 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    48-43-30-10-0051
    APU
    484330100051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $200,000
      ML approach
      $195,000

    • CAP approach

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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $289,000
      Market price range: $212k - $507k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0989
    Latitude
    26.2601
    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
    $0.00
    $35,010
    $93,590
    $128,600
    -
    $35,010
    $93,590
    $128,600

    Comparable in this City

    • Value Estimation
      $515,000
      10,708 SF

      24 24th Ave

      OFFICE BUILDING • 10,708 SF
      24 24th Ave, Pompano Beach, FL 33062-5206
      View Details
    • Value Estimation
      $835,000
      8,402 SF

      2701 Atlantic Blvd

      PROFESSIONAL BUILDING • 8,402 SF
      2701 Atlantic Blvd, Pompano Beach, FL 33062-4941
      View Details
    • Value Estimation
      $560,000
      6,913 SF

      1 23rd Ave

      OFFICE BUILDING • 6,913 SF
      1 23rd Ave, Pompano Beach, FL 33062-5247
      View Details
    • Value Estimation
      $135,000
      3,268 SF

      28 23rd Ave

      OFFICE BUILDING (MULTI-STORY) • 3,268 SF
      28 23rd Ave, Pompano Beach, FL 33062-5315
      View Details
    • Value Estimation
      $590,000
      8,260 SF

      660 Federal Hwy

      OFFICE BUILDING (MULTI-STORY) • 8,260 SF
      660 Federal Hwy, Pompano Beach, FL 33062-5909
      View Details
    • Value Estimation
      $290,000
      4,066 SF

      1350 Federal Hwy

      OFFICE BUILDING • 4,066 SF
      1350 Federal Hwy, Pompano Beach, FL 33062-3730
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pompano Beach Office Building

      Modern office space in a vibrant Pompano Beach location.
      1600 S Federal Hwy, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      29,557 SF

      Pompano Beach Office Portfolio

      Office portfolio for sale in Palm Beach/Broward area.
      4699 N Federal Hwy, Pompano Beach, FL 33062
      View Details
    • $2,500,000

      Prime Pompano Beach Office Building

      $2.5M Office Building - US 1
      120 Federal Hwy, Pompano Beach, FL 33062
      View Details
    • $750,000
      Pending

      Prime Location Near Beach

      Commercial property in prime location near the beach in Pompano.
      2314 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      20,434 SF

      East Atlantic Boulevard Retail/Office Space

      Retail and office spaces with prominent frontage and abundant parking.
      2631-2641 East Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $3,175,000
      7,242 SF

      Pompano Beach Office Building Investment

      Prime Office Space, 7,242 SF, 4 Units
      2231 25Th Ave, Pompano Beach, FL 33062
      View Details

    Similar Nearby for Lease

    • $7,800 /Mo
      21,780 SF

      Pompano Beach Office/Medical Space

      Approximately 3,000 sq ft office/medical space for lease.
      2231 NE 25Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      2,228 SF

      Pompano Beach Retail/Office Space

      Retail or office space near Walmart and industrial park.
      2201-2283 SW 2Nd St, Pompano Beach, FL 33062
      View Details
    • Contact for pricing

      Renovated Professional Suites Available

      Multi-use building with renovated suites in Pompano Beach.
      50 Northeast 26Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      633 SF

      Pompano Beach Retail/Office Space

      Upgraded retail and office spaces with secured entrance and parking.
      2635-2637 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $4,500,000
      3,400 SF

      Pompano Beach Medical/Office Space

      Located in the heart of Pompano Beach, ideal for investment.
      2701 E Atlantic Blvd, Pompano Beach, FL 33062
      View Details
    • $4,000 /Mo
      16,988 SF

      Turnkey Medical Office Space Available

      Prominent Pompano Beach medical office with high traffic exposure.
      1600 N Federal Hwy, Pompano Beach, FL 33062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2469 23rd Ct
    Pompano Beach, FL 33062-1001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.