Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

1 SW 26 Ave

Pompano Beach, FL 33069  ·  Community Shopping Center  ·  Folio 494204370050
Building
124,544
square feet
Lot
668,798
15.35 acres
Year built
1998
28 years old
Assessed value
$14,619,450
$117/SF assessed

Ownership and recorded sale history

Owner of recordLSG1 PALM AIRE MARKETPLACE LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2024 — $33,100,000
At that sale$266/SF
Years since2 years
Broward County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Powerline Road Industrial

Recorded transactions for retail properties in the Powerline Road industrial blocks and West Atlantic Boulevard, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2026
Median price/SF
$73
$29 – $264
Median size
23,188
square feet
Median vintage
1996
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $117/SF. Recorded sales of retail properties in Powerline Road Industrial since 2021 have a median of $73/SF, across a range of $29/SF to $264/SF.

Across those 8 recorded sales, the median sale price came in at 0.47× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 124,544 SF this building is materially larger than the 23,188 SF median for retail properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 100th percentile of retail properties that have traded in this corridor — 0 of the 9 recorded sales were of larger buildings.

The assessment works out 60% above the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

The lot runs 5.4× the building footprint — 668,798 SF of land under 124,544 SF of structure. Ratios that wide are usually where expansion or redevelopment questions start.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1081 N Powerline Road
71-01 Churches / Temples / Synagogues
5,63019842026$355,000$63
450 N Powerline Road
71-02 Church / Temple / Synagogue with residence
11,52819972026$330,000$29
1701 - 1705 W Atlantic Boulevard
11-01 Retail Store - 1 unit
2,19220032026$120,000$55
1470 W Copans Road
11-08 Warehouse Discount Store (Costco, BJ's, Sam's Club, etc.)
67,01219962025$4,100,000$61
1405 - 1437 S Powerline Road
11-05 Retail greater than 20,000 sq. ft.
27,46719832025$2,300,000$84
1820 NW 21 St
Nightclub/Bar
18,90919722024$5,000,000$264
1140 SW 36 Ave
Supermarket
33,82020012023$7,100,000$210
2201 SW 2 St
Stores, 1 story
33,25920052021$8,450,000$254
Recorded sale prices from Broward County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Broward County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 494204370050." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.