Industrial Condominium with
1000 STINSON WAY West Palm Beach, FL 33411
For Sale
$445,000
Condo unit combines warehouse space with office areas in a professionally maintained industrial park.
Days on Market8
Property Features for 1000 STINSON WAY
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 371-2227
Listed By:
Vinny Apolinario · License #3270041
(407) 371-2227
Source:
Mbifloridarealty
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 1:54AM
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 WRA BUSINESS & REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale industrial/commercial condominium unit offers a flexible layout with both warehouse and office space. The unit is described as well maintained, with a functional design intended to support operations, storage, and administrative use.
The property is located within the Belvedere West Industrial Park at 1000 Stinson Way, Unit 109, in West Palm Beach. It is positioned for convenient access, described as just minutes from Florida’s Turnpike, I-95, Palm Beach International Airport, and downtown West Palm Beach.
The condominium is noted to have easy truck access within the industrial park, supporting a range of practical industrial and service uses. This offering is suitable for investors or owner-users looking for an industrial property that includes dedicated office space.
The property is located within the Belvedere West Industrial Park at 1000 Stinson Way, Unit 109, in West Palm Beach. It is positioned for convenient access, described as just minutes from Florida’s Turnpike, I-95, Palm Beach International Airport, and downtown West Palm Beach.
The condominium is noted to have easy truck access within the industrial park, supporting a range of practical industrial and service uses. This offering is suitable for investors or owner-users looking for an industrial property that includes dedicated office space.
Key Highlights
- Industrial/commercial condo unit built in 2005 with warehouse and office areas
- Unit 109 at 1000 Stinson Way, West Palm Beach, in the Belvedere West Industrial Park
- Professionally maintained industrial park with easy truck access
Financial Insights For Warehouse
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 | $18.7k | $14.40 |
| − Vacancy | −$1.7k | −$1.30 |
| EGI | $17.0k | $13.10 |
| − OpEx | −$2.6k | −$1.97 |
| NOI | $14.5k | $11.14 |
1,301 SF · lease $14.40/SF/yr · vacancy 9.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$647.9K
$566.9K – $755.9K
NOI $45,351 @ 7.0% cap · market cap 10.19%
Second Best
Warehouse
$207.0K
$181.1K – $241.5K
NOI $14,491 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$916.2K
$801.7K – $1.07M
NOI $64,137 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Condo unit combines warehouse space with office areas in a professionally maintained industrial park.
Where is this flex space located?
The property is located at 1000 STINSON WAY West Palm Beach, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Industrial/commercial condo unit built in 2005 with warehouse and office areas; Unit 109 at 1000 Stinson Way, West Palm Beach, in the Belvedere West Industrial Park; Professionally maintained industrial park with easy truck access
