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    The Largest CRE Database in the US with Over 1 Million Listings

    5401 N Haverhill Rd West Palm Beach, FL 33407

    Sponsored
    For Sale
    $1,150,000

    Commercial,Commercial Condo,Industrial,Manufacturing-Light,Office/Retail,Office/Warehouse,Storage/ Warehouse,Warehouse

    Property size:
    3,500 SF
    Days on Market:
    1
    Last Refresh:
    Feb 6 at 10:06 pm

    Property Features for 5401 N Haverhill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IPD(ci
    APN
    74424302090001260
    Interior features
    18 foot ceilings
    Size
    3,500 SF

    Taxes and HOA fees

    Expense value
    9600
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Central Air, Other (Cooling)

    Building Details

    Year built
    2006
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete, Marble, Other, Tile, Tile - Ceramic
    Building materials
    Concrete, Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Bergman

    Douglas Elliman Florida LLC (561) 655-8600

    Listing agent Paul Bergman (561) 655-8600

    Listing date Feb 6, 2026

    MLS# RX-11161416 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Industrial Condo with Office

    This industrial condo provides approximately 2,500 square feet of ground floor space suitable for office, showroom, and warehouse uses, complemented by an additional approximately 1,000 square feet of fully built-out, air-conditioned office and mezzanine space. The property features 20-foot clear height ceilings throughout and a 10 x 12 ft grade-level loading drive-in bay. The layout includes a separate warehouse area, separate offices on both levels, a break room, and bathroom facilities. Ample parking and storage are available. Constructed in 2006 with solid concrete tilt wall construction, the property also features a new roof and is in AAA move-in condition. Strategically located on Haverhill Road in West Palm Beach, it offers easy access to I-95 and the Turnpike, facilitating distribution throughout Florida. The property is an ideal owner-user opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unlimited Truck Parts ... Auto Parts Store Hyatt Air Conditioning ... Hardware & Home Improvement Antenna Star Holdings Holding Company Media Simplified Advertising Agency East Marine Boats (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.118005
    Latitude
    26.755068

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    FAQs

    What type of property is this?
    Flex space - 2,500 SF ground floor plus 1,000 SF mezzanine.
    Where is this flex space located?
    The property is located at 5401 N Haverhill Rd West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Excellent Location: Easy access to I-95 and the Turnpike for distribution throughout Florida.; - Versatile Space: Approximately 2,500 sqft of ground floor office, showroom, and warehouse space, plus an additional approx 1,000 sqft of fully built-out, air-conditioned office and mezzanine.; - High Ceilings: Enjoy 20ft clear height ceilings throughout.
    (561) 655-8600
    Request Owner's contact information
    5401 N Haverhill Rd West Palm Beach, FL 33407
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    West Palm Beach, FL 33407
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    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
    5401 N Haverhill Rd West Palm Beach, FL 33407
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    We can help!
    Listing Contact
    Paul Bergman
    (561) 655-8600
    Learn more
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