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Property profile & analytics
FOR SALE
Office buildings

555 SW 12Th Ave Pompano Beach, FL 33069

51,868 SF 5.32 ac lot Built 1957
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-0372252
Property summary
AI-generated overview

This exceptional Pompano Beach office building, located at 555 S. Andrews Ave (cross street SW 6 Street), offers 51,868 square feet of space in a prime location. The property, situated on 5.31 acres, features a two-story building constructed in 1957 and extensively renovated in 2023. Currently, there are 24,000 square feet of vacant space available, offering flexible options for tenants. The building boasts a Class B rating, 8-foot ceilings, and one elevator. Ample parking is provided with 250 spaces. The property is zoned I-1 and is conveniently located near two I-95 exits (Atlantic Blvd and Cypress Creek), minutes from the Florida Turnpike, Tri-Rail, and numerous hotels, restaurants, and shops. The available space includes contiguous units ranging from 1,650 to 8,034 square feet. The owner is open to subdividing and making further improvements to accommodate tenant needs. The building's electric power system and convenient location within the Pompano Business Park make it an ideal choice for businesses seeking a modern, well-maintained office space in a thriving area. The Broward County property (APN: 494203160010) offers a unique opportunity to lease in a recently updated building with excellent accessibility and amenities. The asking rent is $29 per square foot, plus electricity and janitorial services.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1957
Construction CONCRETE
Total area 51,868 SF
Lot 5.32 ac (231,655 SF)
Zoning code I-1
APN 49-42-03-16-0010
UPID US18-0372252
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
Current use
Occupant on record · Public records
  • Arlene Chin Counselor
  • The Borrowing Club Financial Advisor
  • Central Air Conditioner Repair & Installation Hardware & Home Improvement HVAC Service
  • Internet Broadcasting Co Inc Radio Station Telecommunications Service
  • Lange Trading Co Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.23M
Owner & transaction history
Nica Vision Investments LLC · 4 yrs held
Nica Vision Investments LLC
since 2021
Last sale
$5.5M
6 recorded transactions
2021
$5.5M
2017
Price N/A
2006
$6.0M
2001
$5.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I-1 · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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