Freestanding Warehouse with Roll-Up
For Sale
Contact for pricing
1000 LAKE IDA RD, Delray Beach, FL 33444
Light Industrial-zoned facility with fenced parking, three-phase power, and open-storage capability.
Property Size8,760 SF
Price / SF$433.79
Days on Market74
Property Features for 1000 LAKE IDA RD
General Information
Standard status
Active
Size
8,760 SF
Total Parking Spaces
10
Property subtype
Industrial
Zoning
Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1967
Stories
1
Units
1
Building Size
8,760 SF
Listing Agency:
H&B Commercial
(561) 279-9251
Listed By:
Katherin Khidirian, CCIM · License #BK3079662
Source:
Crexi
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 30 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of H&B Commercial
Investment Insights
Based on property information with market context.
This freestanding warehouse contains 8,760 SF and was built in 1967. The building offers approximately 22 feet of height, two roll-up doors, and one restroom. Door dimensions are 20 feet by 20 feet and 14 feet wide by 18 feet high. Three-phase power supports industrial operations, while Light Industrial zoning allows open storage.
The property occupies a corner at Lake Ida Road and NW 10th Avenue in Delray Beach, approximately one-half mile east of I-95. The site includes a fenced parking lot enclosed by a 6-foot, 11-gauge chain-link fence and approximately 10 parking spaces.
The property occupies a corner at Lake Ida Road and NW 10th Avenue in Delray Beach, approximately one-half mile east of I-95. The site includes a fenced parking lot enclosed by a 6-foot, 11-gauge chain-link fence and approximately 10 parking spaces.
Key Highlights
- 8,760 SF freestanding warehouse built in 1967
- Approximately 22‑foot building height
- Two roll‑up doors: 20' x 20' and 14' W x 18' H
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
$114,835
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
3.02%
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%
$2,296,700
$2.3M
Cap Rate 7%
$1,640,500
$1.6M
Cap Rate 9%
$1,275,944
$1.3M
Market Conditions
NOI Build-Up for 8,760 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
$143.0K $16.32/SF
− Vacancy
−$7.9K −$0.90/SF
EGI
$135.1K $15.42/SF
− OpEx
−$20.3K −$2.31/SF
NOI
$114.8K $13.11/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$2,296,700
Cap Rate 7%
$1,640,500
Cap Rate 9%
$1,275,944
Alternative Uses
Best Use
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,835 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $431,850 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Light Industrial-zoned facility with fenced parking, three-phase power, and open-storage capability.
Where is this warehouse located?
The property is located at 1000 LAKE IDA RD Delray Beach, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 8,760 SF freestanding warehouse built in 1967; Approximately 22‑foot building height; Two roll‑up doors: 20' x 20' and 14' W x 18' H
