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    2031 Northwest 15Th Ave Pompano Beach, FL 33069
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    Property profile & analytics

    2031 Northwest 15Th Ave, Pompano Beach, FL 33069

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    • Industrial land
    • 2.31 lot acres
    For Sale
    $4,950,000
    View Listing →
    Acreage with Pre-Fab Building Package For Sale
    $4,950,000

    Acreage with Pre-Fab Building Package

    2.31 acres with pre-approved plans for warehouse and office.

    2031 Northwest 15th Avenue, Pompano Beach, FL 33069
    View Listing
    Property ID
    US18-7999625
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 2031 Northwest 15Th Ave

    Lot size
    2.31 lot acres
    Zone code
    I-1
    Property type
    Industrial land
    APN
    48-42-27-14-0011
    APU
    484227140011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2025 — 2031 Nw 15th Avenue Pompano LLC — Deed · related $1.5M · Connectone Bank
    Oct 7, 2025 — 2031 N W 15th Avenue Pompano LLC — Deed · related $10.1M · Connectone Bank
    May 21, 2024 — 2031 Nw 15th Avenue Pompano LLC — Deed · related $5.4M · Belmont Bank & Trust Company
    Jul 14, 2023 $4,500,000 2031 N W 15th Avenue Pompano LLC Color Factory Investments LLC Warranty Deed $200k · Robert Case
    Jun 24, 2022 $1,000,000 Color Factory Investments LLC Color Factory INC Quit Claim Deed · related $1.5M · Cchc Fund II LP
    Sep 15, 2021 $2,300,000 Color Factory INC Fm 1 LLC Warranty Deed —
    May 3, 2019 $1,150,000 Fm 1 LLC Florida Screw Manufacturing Co Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,520,000
      ML approach
      $4,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1454
    Latitude
    26.256
    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
    $42,060
    $2,016,020
    $0.00
    $2,016,020
    -
    $2,016,020
    $0.00
    $2,016,020

    Comparable in this City

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    Similar Nearby for Sale

    • Contact for pricing
      49,671 SF

      Pompano Beach Industrial Land

      5.5 acres zoned I-1 near Harrahs Casino and future Costco.
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      View Details
    • $2,150,000
      Pending

      Pompano Beach Industrial Land

      1.32-acre industrial lot in Pompano Beach, Florida.
      2083 W Mcnab Rd, Pompano Beach, FL 33069
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    • $4,500,000
      1.11 Acres

      Pompano Beach Industrial Compound

      Rare 1.26-acre industrial compound with I-95 frontage.
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      Corner Land Parcel For Sale

      Corner land parcel available in Pompano Beach, Florida.
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    • $12,000,000
      5.36 Acres

      Pompano Beach Commercial Land

      5.36 acres of commercial land in Pompano Beach, Florida.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      239,580 SF

      Secure Outdoor Storage on I-95

      Prime outdoor storage with I-95 frontage and highway access.
      1001 Northwest 12Th Ter, Pompano Beach, FL 33069
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    • $5 SF/Yr

      Prime Truck Parking Lot

      4.03 acre truck parking lot for rent.
      1801 Northwest 15Th Ave, Pompano Beach, FL 33069
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      Secure Outdoor Storage Space

      Secure outdoor storage in high-traffic area with highway access.
      1001-1021 NW 12Th Ter, Pompano Beach, FL 33069
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      Secure Outdoor Storage Opportunity

      Prime industrial land for lease with I-95 frontage.
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    • Contact for pricing
      201,682 SF

      Fenced and Secured Land Parcel

      4.63 acre fenced, paved, and lit land parcel for lease.
      3033 Northwest 33Rd St, Pompano Beach, FL 33069
      View Details
    • Contact for pricing

      Pompano Beach Outdoor Storage Space

      3.2 acres outdoor storage with 2,500 SF office.
      1377 Hammondville Rd, Pompano Beach, FL 33069
      View Details
    View Listing
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    Pompano Beach, FL 33069
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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.

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