Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 President Barack Obama Highway Riviera Beach, FL 33404

    View on Map
    For Lease
    $1,200 /Mo

    Commercial,Office/Retail,Retail,Strip Store - Riviera Beach, FL

    Property size:
    6,239 SF
    Lot size:
    0.41 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 315 President Barack Obama Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CG(cit
    Standard status
    Active
    APN
    56434233090000850
    Size
    6,239 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Concrete, Other, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Sinner
    Thomas Sinner

    Listing agent Thomas Sinner

    Listing office Keller Williams Realty/P B 2901 PGA Blvd, Suite 100, Palm Beach Gardens, FL

    Listing date Sep 30, 2025

    MLS# RX-11128166 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Space Available

    Located in Riviera Beach, Florida, this commercial property offers multiple fully renovated spaces for lease, ranging from 420 to 700 square feet. Specifically, Suite 104 offers 681 square feet for $1500 per month. The available units are situated on the first floor of a strip center. The building's exterior has been newly repainted. Interiors of each unit have been updated and painted, with mini splits installed, and complete hurricane windows and doors. The property is zoned CG(cit and comprises retail properties, retail space, individual retail properties, strip malls, shopping malls, and shopping centers. The property size is 6239 square feet, situated on a 0.41-acre lot. The spaces are vacant and easy to show.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0745
    Latitude
    26.7789

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Near I-95

      Retail unit with high visibility and ample parking available for lease.
      1521 W Blue Heron Boulevard, Riviera Beach, FL 33404
      View Details
    • $16/mo

      Freestanding Office Building For Lease

      5,078 SF office space with fenced yard and parking.
      6985 Garden Rd, Riviera Beach, FL
      View Details
    • $25/mo

      Riviera Beach Warehouse Space

      8,400 SF warehouse space available for lease.
      4200 Westroads Dr, Riviera Beach, FL
      View Details
    • $20/mo

      Riviera Beach Flex/Industrial Space

      Flex/industrial space available for lease in Riviera Beach, Florida.
      3954 Byron Dr, Riviera Beach, FL
      View Details
    • $17/mo

      Riviera Beach Flex Space Available

      Flex space available for lease in Riviera Beach, Florida.
      3541 M L K Jr Blvd., Riviera Beach, FL
      View Details
    • $21/mo

      Riviera Beach Flex/Industrial Space

      Flex/industrial space available for lease in Riviera Beach, Florida.
      1041 Silver Beach Rd, Riviera Beach, FL
      View Details
    • Contact for pricing

      Prime Retail Space on Blue Heron

      Retail space with high visibility and traffic on Blue Heron.
      1400-1480 W Blue Heron Blvd, Riviera Beach, FL
      View Details
    • $26/mo

      Riviera Beach Warehouse Space

      3,200 SF warehouse space available for lease.
      4248 Westroads Dr, Riviera Beach, FL
      View Details
    • Contact for pricing

      Riviera Beach Retail Opportunity

      Retail spaces in four recently constructed buildings near public beach.
      2601-2619 N Ocean Dr, Riviera Beach, FL
      View Details
    • $18/mo

      Riviera Beach Warehouse Space

      6,000 SF warehouse space available for lease.
      859 W 13th Ct, Riviera Beach, FL
      View Details
    • Contact for pricing

      Riviera Beach Warehouse Space

      63,102 SF warehouse space available for lease.
      1600 Silver Beach Rd , Riviera Beach, FL
      View Details
    • Contact for pricing

      Riviera Beach Warehouse Space

      86,352 SF warehouse/industrial space available for lease.
      1640 Silver Beach Rd, Riviera Beach, FL
      View Details

    FAQs

    What type of property is this?
    Strip mall - Fully renovated retail spaces available for lease in Riviera Beach.
    Where is this strip mall located?
    The property is located at 315 President Barack Obama Highway Riviera Beach, FL.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: **Fully renovated interior** offers modern comfort and style.; Hurricane windows and doors provide enhanced protection.; Newly repainted building exterior.
    (862) 324-3094
    We can help!
    Listing Contact
    Thomas Sinner
    Thomas Sinner
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!