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Property profile & analytics
OFF-MARKET
Estimated value
$50,020,000
Race tracks
777 Isle Of Capri Pompano Beach, FL 33069-3104
Entity Owned
Free & Clear
Property ID
US18-2069586
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1955
Total area
10,315 SF
Lot
87.82 ac (3,825,250 SF)
Zoning code
PCD
APN
49-42-03-41-0070
UPID
US18-2069586
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.02M
Owner & transaction history
Millrose Properties Florida LLC
Millrose Properties Florida LLC
since 2025
Last sale
$49.9M
6 recorded transactions
Zoning & alternative use
PCD · Pompano Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Commercial/Industrial (PCD) district is established and intended to encourage the use of innovative and creative design to provide a mix of employment generating uses (office, research, shopping mall or other concentrated retail, light industrial), as well as ancillary service, retail, and institutional uses
Zone name
Planned Commercial And Industrial District
General category
INDUSTRIAL
Zone area
237.53 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pompano Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompano Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$50,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$50.02M
Range $45.02M – $55.02M · ±10% · vs last sale $49.94M (Nov 16 2023)
Last sale anchor
$49.94M
Nov 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$4,849 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$558,761
Tax year 2023
Assessed value
$26,644,000
Assessed 2023
Effective rate
2.10%
On assessed value
Assessed land
$26,380,010
Assessed improvement
$263,990
Land market value
$26,380,010
Improvement market value
$263,990
Total market value
$26,644,000
Applied tax rate
1,512.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1955
Stories
1
Total area
10,315 SF
Lot
87.82 ac (3,825,250 SF)
Zoning code
PCD
APN
49-42-03-41-0070
UPID
US18-2069586
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCD · Pompano Beach, FLZoning PCD · permitted uses
PCD · Pompano Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Commercial/Industrial (PCD) district is established and intended to encourage the use of innovative and creative design to provide a mix of employment generating uses (office, research, shopping mall or other concentrated retail, light industrial), as well as ancillary service, retail, and institutional uses
Zone name
Planned Commercial And Industrial District
General category
INDUSTRIAL
Zone area
237.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Stories
1
Lot
87.82 ac
Current owner
From public records · entity-resolved
Millrose Properties Florida LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$50,000,000
Millrose Properties Florida LLC
Pompano Park Jv Land Holdings LLC
Special Warranty Deed
—
May 20, 2025
—
Pompano Industrial Owner 1 LLC
—
Deed
related
$364,000 · Morgan Hills Capital LLC
May 10, 2024
—
Ppi INC
Pompano Park Jv Land Holdings LLC
Quitclaim Deed
related
—
Nov 16, 2023
$55,859,200
Pompano Industrial Owner 3 LLC
Pompano Park Jv Land Holdings LLC
Special Warranty Deed
—
Nov 16, 2023
$77,949,500
Pompano Industrial Owner 1 LLC
Pompano Park Jv Land Holdings LLC
Special Warranty Deed
—
Nov 16, 2023
$49,941,500
Pompano Industrial Owner 2 LLC
Pompano Park Jv Land Holdings LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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