956 12th Ave Pompano Beach, FL 33069-4611
This exceptional Pompano Beach industrial property offers 13,286 square feet of versatile space, ideal for distribution, manufacturing, or warehousing. Situated on a substantial 61,688-square-foot lot, this single-unit building boasts I-1 zoning, allowing for a variety of uses. Built in 1970, the property is offered at $5,500,000, translating to $413.97 per square foot. The gross lease structure simplifies tenancy. Its prime location in Broward County, Florida (zip code 33069), provides easy access to major transportation arteries, making it strategically advantageous for logistics and distribution businesses. The property is delivered with unity of title, ensuring a streamlined ownership transfer. This well-maintained asset presents an excellent opportunity for repositioning and rental income growth within a highly sought-after industrial submarket. The property's excellent visibility and location contribute to its significant appeal.
The General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindu…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Pompano Beach, FLThe General Industrial (I-1) district is established and intended to accommodate a wide range of light and moderate manufacturing, assembly, fabrication, processing, distribution, warehousing, research anddevelopment, and other industrial usesbut not heavy or hazardous manufacturing processes. The district may also include some uses that are ancillary toindustrial development(e.g., vocational schools, business support services) or provide convenience services to industrial employees (e.g., child care facilities,gasoline filling stations, banks), as well as some uses that may be inappropriate in residential or commercial districts (e.g., animal shelter, kennel, sport shooting range).
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
