Industrial Flex
For Sale
$445,000
1000 Stinson Way, West Palm Beach, FL 33411
Well-maintained condominium unit combining warehouse and office areas within Belvedere West Industrial Park.
Property Size1,301 SF
Price / SF$342.04
Days on Market59
Property Features for 1000 Stinson Way
General Information
Standard status
Active
Size
1,301 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2005
Listing Agency:
WRA BUSINESS & REAL ESTATE
Listed By:
Vinny Apolinario · License #3270041
(407) 371-2227
Source:
Chenoregroup
Added: Aug 19
Changed: Oct 11
Last Checked: Oct 7 at 2:12PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,301 SF industrial condominium, built in 2005, combines warehouse and office areas in a practical commercial layout. The unit is designed to accommodate operational, storage, and administrative functions within one property and is located in the professionally maintained Belvedere West Industrial Park.
The property is located at 1000 Stinson Way, Unit 109, in West Palm Beach, Florida. Access to Florida’s Turnpike, I-95, Palm Beach International Airport, downtown West Palm Beach, and destinations throughout Palm Beach County is identified as a key feature. The industrial park also provides truck access, supporting the unit’s warehouse-oriented configuration.
The property is located at 1000 Stinson Way, Unit 109, in West Palm Beach, Florida. Access to Florida’s Turnpike, I-95, Palm Beach International Airport, downtown West Palm Beach, and destinations throughout Palm Beach County is identified as a key feature. The industrial park also provides truck access, supporting the unit’s warehouse-oriented configuration.
Key Highlights
- 1,301 SF industrial condominium at 1000 Stinson Way, Unit 109
- Warehouse and office areas within one commercial unit
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,491
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,820
$289.8K
Cap Rate 7%
$207,014
$207.0K
Cap Rate 9%
$161,011
$161.0K
Market Conditions
NOI Build-Up for 1,301 SF
Gross rent
$18.7K $14.40/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$17.0K $13.10/SF
− OpEx
−$2.6K −$1.97/SF
NOI
$14.5K $11.14/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,820
Cap Rate 7%
$207,014
Cap Rate 9%
$161,011
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained condominium unit combining warehouse and office areas within Belvedere West 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: 1,301 SF industrial condominium at 1000 Stinson Way, Unit 109; Warehouse and office areas within one commercial unit; Built in 2005
