Office Suite with Side
New
For Sale
Contact for pricing
1001 W JASMINE Drive #M, Lake Park, FL 33403
A shared restroom and building services support a compact professional workspace.
Property Size1,083 SF
Price / SF$0.60
Days on Market4
Property Features for 1001 W JASMINE Drive #M
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Business
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
shared restroom
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Premier Brokers International
(561) 855-6179
Listed By:
Mandy Sze Wan Chan · License #3385278
(561) 628-7082
Source:
Lehmannflorida
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 28 at 4:29AM
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 Premier Brokers International
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite sits inside a multi-office building and has large side windows. It is the second office from the entrance, positioned near the middle of the building, with access to a shared restroom. The building dates to 1986.
The property is just off Northlake Blvd. Neighboring businesses include insurance agencies, real estate offices, and auto dealer suppliers. Building services covered through the CAM fee include cleaning, water, sewer, trash, and air conditioning.
The property is just off Northlake Blvd. Neighboring businesses include insurance agencies, real estate offices, and auto dealer suppliers. Building services covered through the CAM fee include cleaning, water, sewer, trash, and air conditioning.
Key Highlights
- Large side windows bring natural light into the office suite
- Second office from the entrance, near the middle of the building
- Shared restroom access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,705
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,100
$574.1K
Cap Rate 7%
$410,071
$410.1K
Cap Rate 9%
$318,944
$318.9K
Market Conditions
NOI Build-Up for 1,083 SF
Gross rent
$49.4K $45.60/SF
− Vacancy
−$11.1K −$10.26/SF
EGI
$38.3K $35.34/SF
− OpEx
−$9.6K −$8.84/SF
NOI
$28.7K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,100
Cap Rate 7%
$410,071
Cap Rate 9%
$318,944
Alternative Uses
Best Use
Office B
$410.1K
$358.8K – $478.4K
NOI $28,705 @ 7.0% cap · market cap 4,416.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.7K
$667.4K – $889.8K
NOI $53,390 @ 7.0% cap · market cap 8,213.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A shared restroom and building services support a compact professional workspace.
Where is this office unit located?
The property is located at 1001 W JASMINE Drive #M Lake Park, FL.
What are key features of this property?
This property features: Large side windows bring natural light into the office suite; Second office from the entrance, near the middle of the building; Shared restroom access
