Versatile Warehouse Condominium with
1209 Gateway Road Lake Park, FL
For Sale
$450,000
COMMERCIAL - Lake Park, FL
Property Size1,500 SF
Lot Size1.22 Acres
Price / SF$300
Days on Market20
Property Features for 1209 Gateway Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4 (city)
Parking
2
Parking features
Guest, Boat
Security features
Security System
Standard status
Active
APN
36434220180012090
Size
1,500 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OLD DIXIE COND WAREHOUSE NO 1 UNIT 209
Tax Annual Amount
3556
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
1
Flooring type
Concrete, Laminate, Wood
Building materials
Block, CBS, Concrete
Roof type
Concrete, Rolled Hot Mop
Listing Agency:
Illustrated Properties LLC (Jupiter)
(561) 746-0008
Listed By:
Chris Twardowski · License #3613217
(561) 568-8089
Added: Jul 10
Changed: Jul 28
Last Checked: Jul 29 at 6:06PM
MLS# B26051126
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile warehouse condominium features a 12' x 12' grade-level overhead door and a 19-foot clear ceiling height for storage and vehicle access. A newly renovated second-floor office includes an air conditioning system installed less than two years ago with a baffle setup designed to cool only the office and restroom or the entire warehouse. The unit has a fully functioning full bathroom with a vanity, toilet, and tub/shower combination, and Ring security cameras are installed at the main entrance and inside the unit. The exterior of the building was painted a few months ago.
Located at 1209 Gateway Road in Lake Park, Florida, the property is zoned C4 (city). The main road location is described as providing the potential to back straight into the unit, and the area is noted for access to I-95 and nearby retail and service businesses.
Condominium association responsibilities include roof repairs, weekly dumpster service, and water, and association dues are $1,452 per quarter.
Located at 1209 Gateway Road in Lake Park, Florida, the property is zoned C4 (city). The main road location is described as providing the potential to back straight into the unit, and the area is noted for access to I-95 and nearby retail and service businesses.
Condominium association responsibilities include roof repairs, weekly dumpster service, and water, and association dues are $1,452 per quarter.
Key Highlights
- Warehouse condominium built in 1982 with 19‑foot clear ceiling height and a 12' x 12' grade‑level overhead door
- Second‑floor renovated office with central air and a newer HVAC installed less than two years ago, including baffle system
- Full bathroom in the unit with vanity, toilet, and tub/shower combination
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $45.60 |
| − Vacancy | −$15.4k | −$10.26 |
| EGI | $53.0k | $35.34 |
| − OpEx | −$13.3k | −$8.84 |
| NOI | $39.8k | $26.51 |
1,500 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 8.84%
Second Best
Flex RnD
$471.3K
$412.4K – $549.9K
NOI $32,994 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.06M
$924.3K – $1.23M
NOI $73,947 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- McKee's Moving and Storage — 3705 shares pl #6, west palm beach, fl 33404
- Public Storage — 1450 Watertower Rd, Lake Park, FL 33403
- Prime Storage — 210 N Congress Ave, Lake Park, FL 33403
- Dixie Moving and Storage — 1125 old dixie hwy, lake park, fl 33403
- All Port Transit Moving — 1140 Watertower Rd bldg 11, West Palm Beach, FL 33403
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse condo with 12' x 12' grade-level door, 19' clear height, renovated second-floor office, and full bath.
Where is this warehouse located?
The property is located at 1209 Gateway Road Lake Park, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Warehouse condominium built in 1982 with 19‑foot clear ceiling height and a 12' x 12' grade‑level overhead door; Second‑floor renovated office with central air and a newer HVAC installed less than two years ago, including baffle system; Full bathroom in the unit with vanity, toilet, and tub/shower combination
