How big or what model of plasma did you buy? That would help in figuring out the CFM requirements. Also what do you intend to cut or length at a time? Cutting 12 linear inches for a bracket is different than running a CNC table or breaking down sheets/panels.
What power do you have in your garage/shop? A decent sized compressor will need 30A@240V and about the same for the Plasma. You have to figure they will both be running at the same time.
I ran a 40A no name Italian unit for years of a 120V Craftsman 25gal Oil Less compressor and could cut 2 or 3ft before it would kick on. If I was doing a bunch of cutting it seemed like it ran all the time and never caught up. At tha time I had a 40A@240V feed to the shop and I tripped the main a couple times. Now I've upgraded to a HyperTherm 45XP and a big 3 cylinder 80gal compressor with a 100A@240V feed to the Shop. Air quality is a big deal with plasma if you want your consumables to last. DRY DRY DRY air is the key. Those little drops of moisture hit that plasma stream and EXPLODE which erodes your consumables. I ran a double loop of copper around my 40x40 shop when I bought the HyperTherm to help dry the air before it hits the Plasma.
Hacks: If you are cutting short lengths, intermittently, then rigging an additional air tank (as in portable like used for tires) would give you some more short term capacity using the Pancake. Do you have a MIG/TIG welder? You could run from the CO2 or Nitrogen bottle as your air source for the Plasma.