Office Condo in Mixed-Use
3307 Northlake Boulevard Palm Beach Gardens, FL 33403
3307 Northlake Boulevard, Palm Beach Gardens, FL, 33403
$469,000
Pending
For Sale
$469,000
Pending
SINGLE_FAMILY - Palm Beach Gardens, FL
Property Size1,000 SF
Lot Size1.00 Acre
Days on Market114
Property Features for 3307 Northlake Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- MXD (city)
- Parking
- 8
- Standard status
- Pending
- APN
- 52434218210021070
- Size
- 1,000 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BANYAN PLACE CONDOMINIUM UNIT B107
- Tax Annual Amount
- 5614
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- CBS
- Roof type
- Concrete
Listing Agency
Illustrated Properties LLC (Co
(561) 626-7000
2725 PGA Blvd., Palm Beach Gardens, FL
Listed by
Troy Maleyko · License #3583569
(561) 831-8202
Added: Mar 27 Checked: Jul 18 at 12:06 pm
MLS# B26007817
Listing URL
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 for-sale office condo is offered as Unit 107 within the Banyan Place Condominium. The unit is approximately 1,000 square feet and was built in 2005. The property is part of a Class B office condominium and is situated within mixed-use zoning (MXD), supporting a broad range of approved uses.
The condominium is located on Northlake Boulevard in Palm Beach Gardens and is described as highly visible, with building signage. Parking is identified as strong, at 8.67 spaces per 1,000 square feet, supporting convenient day-to-day access for occupants and visitors.
As a professionally positioned office condo in a multi-use condominium setting, the offering provides an owner-occupant or investment buyer with a compact, manageable footprint inside Banyan Place.
The condominium is located on Northlake Boulevard in Palm Beach Gardens and is described as highly visible, with building signage. Parking is identified as strong, at 8.67 spaces per 1,000 square feet, supporting convenient day-to-day access for occupants and visitors.
As a professionally positioned office condo in a multi-use condominium setting, the offering provides an owner-occupant or investment buyer with a compact, manageable footprint inside Banyan Place.
Key Highlights
- Prime location on highly visible Northlake Boulevard in Palm Beach Gardens.
- Strong parking ratio of 8.67 spaces per 1,000 SF.
- Mixed‑use zoning allows for a broad range of approved uses.
Local 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 | $45.6k | $45.60 |
| − Vacancy | −$10.3k | −$10.26 |
| EGI | $35.3k | $35.34 |
| − OpEx | −$8.8k | −$8.84 |
| NOI | $26.5k | $26.51 |
1,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-located office condo unit in Banyan Place Condominium with dedicated parking and building signage.
Where is this office units located?
The property is located at 3307 Northlake Boulevard Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Prime location on highly visible Northlake Boulevard in Palm Beach Gardens.; Strong parking ratio of 8.67 spaces per 1,000 SF.; Mixed‑use zoning allows for a broad range of approved uses.
