Industrial Warehouse Condo with
For Sale
$475,000
Pending
2755 Vista Pkwy, West Palm Beach, FL 33411
COMMERCIAL - West Palm Beach, FL
Property Size1,300 SF
Lot Size1.00 Acre
Days on Market57
Property Features for 2755 Vista Pkwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PIPD
Security features
Security
Directions
TAKE VISTA PARKWAY FROM OKEECHOBEE ALL THE WAY AROUND TO CONTRACTORS BUSINESS PARK GATE ENTRANCE, TAKE 1ST RIGHT TO 1ST LEFT TO 1ST RIGHT TO 1ST LEFT.. U R THERE!
Subdivision
5580
Standard status
Pending
APN
00424322170090030
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
CONTRACTORS BUSINESS PARK VISTA CENTER CONDOMINIUM UNIT I-3
Tax Annual Amount
4977
HOA Fee
$1,575 Quarterly
Legal Description
CONTRACTORS BUSINESS PARK VISTA CENTER CONDOMINIUM UNIT I-3
Amenities
private bathroom
kitchenette
separate exterior entrance
security gate
Building Details
Year built
2005
Floors in Building
2
Number of units
1
Flooring type
Concrete, Tile - Ceramic
Building materials
Block, Pre-Cast Concrete
Roof type
Composition
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Donald Colonello · License #3257540
(954) 614-4112
Added: Jun 30
Changed: Aug 10
Last Checked: Aug 25 at 1:06AM
MLS# A12037467
Copyright © 2026 Miami REALTORS®. 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.
Industrial warehouse condominium for sale in an established, well-maintained industrial park setting at 2755 Vista Pkwy, West Palm Beach. The unit combines warehouse/storage with office space in a functional two-level layout. The rear warehouse/storage area features approximately 22-foot clear height and a high-bay garage door. Office space is split across two levels and connected by an interior spiral staircase.
The second-floor office includes a private bathroom and kitchenette for day-to-day convenience. An additional exterior entrance via staircase provides separate access to the upper office level, supporting flexible use for client-facing operations or internal separation. The property includes abundant parking and is described as being in an industrial-zoned condominium community. Condo fees include water, sewer, trash service, and security gate maintenance.
The second-floor office includes a private bathroom and kitchenette for day-to-day convenience. An additional exterior entrance via staircase provides separate access to the upper office level, supporting flexible use for client-facing operations or internal separation. The property includes abundant parking and is described as being in an industrial-zoned condominium community. Condo fees include water, sewer, trash service, and security gate maintenance.
Key Highlights
- 1,300 SF industrial warehouse condominium built in 2005 within an industrial condo park.
- Rear warehouse/storage area has 22‑foot clear height and a high‑bay garage door for loading and storage.
- Warehouse and office layout plus two levels of office space connected by an interior spiral staircase.
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
$14,480
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
3.05%
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%
$289,600
$289.6K
Cap Rate 7%
$206,857
$206.9K
Cap Rate 9%
$160,889
$160.9K
Market Conditions
NOI Build-Up for 1,300 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
$18.7K $14.40/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$17.0K $13.10/SF
− OpEx
−$2.6K −$1.97/SF
NOI
$14.5K $11.14/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$289,600
Cap Rate 7%
$206,857
Cap Rate 9%
$160,889
Alternative Uses
Best Use
Warehouse
$206.9K
$181.0K – $241.3K
NOI $14,480 @ 7.0% cap · market cap 3.05%
Second Best
Flex RnD
$182.5K
$159.7K – $212.9K
NOI $12,776 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$915.5K
$801.1K – $1.07M
NOI $64,087 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile warehouse condo with two-level office, 22-foot clear height, and a high-bay garage door.
Where is this flex space located?
The property is located at 2755 Vista Pkwy West Palm Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,300 SF industrial warehouse condominium built in 2005 within an industrial condo park.; Rear warehouse/storage area has 22‑foot clear height and a high‑bay garage door for loading and storage.; Warehouse and office layout plus two levels of office space connected by an interior spiral staircase.
