Renovated Flex Space with
For Sale
$435,000
2755 VISTA Parkway, West Palm Beach, FL 33411
Commercial Sale, WEST PALM BEACH, FL
Property Size1,306 SF
Lot Size0.03 Acres
Price / SF$333.08
Days on Market48
Property Features for 2755 VISTA Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Accessibility
Accessible Elevator Installed
Subdivision
CONTRACTORS BUS PARK VISTA CENTER CONDO
Lot features
Paved
Directions
From Okeechobee Rd., Take Vista Parkway, turn into Vista, Turn left into complex. Building I, Unit 2
Standard status
Active
APN
00-42-43-22-17-009-0020
Size
1,306 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CONTRACTORS BUSINESS PARK VISTA CENTER CONDOMINIUM UNIT I-2
Tax Annual Amount
4977
Legal Description
CONTRACTORS BUSINESS PARK VISTA CENTER CONDOMINIUM UNIT I-2
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fuel station
car wash
security cameras
fenced park
Building Details
Year built
2005
Floors in Building
2
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Concrete
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Vinny Apolinario · License #3270041
(407) 371-2227
Added: Jul 26
Changed: Sep 4
Last Checked: Sep 11 at 7:06PM
MLS# O6427355
Copyright © 2026 Stellar MLS. 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 1,306-square-foot flex unit combines warehouse and office functionality across two levels. The first-floor warehouse has a front entrance, a large rear roll-up door, and an interior stairway leading to the office area. Upstairs, the office buildout includes a lobby, private office, and bathroom, with an elevator opening directly in front of the office entry. Recent improvements include new flooring, baseboards, and paint throughout. The building is constructed with block materials and includes tile and laminate flooring, central heating, and central air conditioning.
The property is located at 2755 Vista Parkway in West Palm Beach, with access to the Turnpike and I-95. The Vista Parkway complex is fenced and equipped with security cameras. On-site amenities include a fuel station, car wash, and ample parking. Electricity is available, with public water and public sewer service.
The property is located at 2755 Vista Parkway in West Palm Beach, with access to the Turnpike and I-95. The Vista Parkway complex is fenced and equipped with security cameras. On-site amenities include a fuel station, car wash, and ample parking. Electricity is available, with public water and public sewer service.
Key Highlights
- 1,306‑square‑foot flex unit with office and warehouse areas
- Second‑floor office includes lobby, office, and bathroom
- First‑floor warehouse has a large rear roll‑up door
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
$14,547
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
3.34%
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%
$290,940
$290.9K
Cap Rate 7%
$207,814
$207.8K
Cap Rate 9%
$161,633
$161.6K
Market Conditions
NOI Build-Up for 1,306 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
$18.8K $14.40/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$17.1K $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%
$290,940
Cap Rate 7%
$207,814
Cap Rate 9%
$161,633
Alternative Uses
Best Use
Office B
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$919.8K
$804.8K – $1.07M
NOI $64,383 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Fenced yard
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial unit combining a finished office component with a ground-floor warehouse and roll-up door.
Where is this flex space located?
The property is located at 2755 VISTA Parkway West Palm Beach, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,306‑square‑foot flex unit with office and warehouse areas; Second‑floor office includes lobby, office, and bathroom; First‑floor warehouse has a large rear roll‑up door
