Leased Shopping Center with New
For Sale
$2,299,000
1225 N Military Trail, West Palm Beach, FL 33409
Commercial Sale, West Palm Beach, FL
Property Size9,096 SF
Lot Size0.80 Acres
Price / SF$252.75
Days on Market296
Property Features for 1225 N Military Trail
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 8, Bathroom 5, Bathroom 9, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 3
Directions
North of Okeechobee Blvd. West side of N. Military Trail
Subdivision
5500
Standard status
Active
APN
00424325050000130
Size
9,096 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WEST PARK REPL TR 13 (LESS E 3 FT RD R/W & S 5 FT)
Tax Annual Amount
19999
Legal Description
WEST PARK REPL TR 13 (LESS E 3 FT RD R/W & S 5 FT)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
9
Building materials
CBS, Concrete
Roof type
Built-Up
Listing Agency:
Florida Realty Brokers Inc.
(561) 845-0609
Listed By:
Michael S Horowitz · License #3028626
(561) 644-3434
Added: Nov 2, 2025
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# R11138556
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 9,096-square-foot shopping center sits on 0.8 acres and is currently 100% leased. The 1976 building features CBS and concrete construction, a built-up roof that has been replaced, fresh exterior paint, and a recently restriped parking lot with updated landscaping. Central air conditioning, electric central heat, public water, and public sewer support the property. The center includes nine bathrooms and operates with modified gross leases; six of the seven tenants have maintained long-term occupancy.
Located at 1225 N Military Trail in West Palm Beach, the property has two entrances and exits, along with two illuminated sign posts. The site is zoned CG and is within an opportunity zone. Its retail-center configuration, existing tenant occupancy, and completed exterior work provide a clear operating profile for commercial ownership.
Located at 1225 N Military Trail in West Palm Beach, the property has two entrances and exits, along with two illuminated sign posts. The site is zoned CG and is within an opportunity zone. Its retail-center configuration, existing tenant occupancy, and completed exterior work provide a clear operating profile for commercial ownership.
Key Highlights
- 9,096‑square‑foot shopping center on 0.8 acres
- 100% leased with 6 of 7 tenants in long‑term occupancy
- New roof, fresh exterior paint, restriped parking lot, and updated landscaping
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,571,840
$2.6M
Cap Rate 7%
$1,837,029
$1.8M
Cap Rate 9%
$1,428,800
$1.4M
Market Conditions
NOI Build-Up for 9,096 SF
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.
Gross rent
$196.5K $21.60/SF
− Vacancy
−$12.8K −$1.40/SF
EGI
$183.7K $20.20/SF
− OpEx
−$55.1K −$6.06/SF
NOI
$128.6K $14.14/SF
Area
West Palm Beach, FL
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,571,840
Cap Rate 7%
$1,837,029
Cap Rate 9%
$1,428,800
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,592 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.41M
$5.61M – $7.47M
NOI $448,414 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33409, FL
33,061
Population
13,715
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
80%
High-School Grad
6.3 sq mi
ZIP Area
5,248
Density / Sq Mi
$65,206
Median Household Income
$34,994
Median Earnings
$1,633
Median Rent
$282,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Golfview Shopping Plaza — 854 N Military Trl, West Palm Beach, FL 33415
- Tapiatya — 3819 Westgate Ave, West Palm Beach, FL 33409
- Pine Trail Square LLC — 1951 n military trl, west palm beach, fl 33409
- Cross County Plaza — 4348 Okeechobee Blvd, West Palm Beach, FL 33409
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with refreshed exterior improvements, prominent signage, and convenient property access.
Where is this shopping center located?
The property is located at 1225 N Military Trail West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 9,096‑square‑foot shopping center on 0.8 acres; 100% leased with 6 of 7 tenants in long‑term occupancy; New roof, fresh exterior paint, restriped parking lot, and updated landscaping
