Three-Suite Office
For Sale
Contact for pricing
112 U.S 1, Tequesta, FL 33469
Mixed-use zoning supports office, medical office, and professional service uses at this highway-fronting Tequesta property.
Property Size5,851 SF
Lot Size0.72 Acres
Price / SF$598.19
Days on Market26
Property Features for 112 U.S 1
General Information
Standard status
Active
Size
5,851 SF
Lot size
0.72 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
Mixed Use
Investment Type
Owner/User
Financials
Asking Price
$3,500,000
Gross Income
$111,948
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Year Renovated
2022
Buildings
2
Tenancy
Multi
Building Size
5,851 SF
Listing Agency:
CBRE - Palm Beach County
Listed By:
Tyler Kuhlman · License #SL3386073
Source:
Crexi
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 29 at 7:11PM
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 CBRE - Palm Beach County
Investment Insights
Based on property information with market context.
The property is a 5,851-square-foot professional office building on approximately 0.72 acres at 112 U.S. 1 in Tequesta, Florida. Its three-suite layout includes an approximately 1,556-square-foot owner’s suite available for occupancy at closing. The building is zoned Mixed Use, with the source information identifying potential accommodation for medical office and professional service users.
Positioned along U.S. Highway 1, the property has direct frontage on the roadway. Two additional suites are scheduled to roll within 12 months, giving an owner-user the ability to occupy the currently identified owner’s suite and potentially expand into additional building space during the first year of ownership. In-place tenancy provides interim occupancy while the remaining suites transition.
Positioned along U.S. Highway 1, the property has direct frontage on the roadway. Two additional suites are scheduled to roll within 12 months, giving an owner-user the ability to occupy the currently identified owner’s suite and potentially expand into additional building space during the first year of ownership. In-place tenancy provides interim occupancy while the remaining suites transition.
Key Highlights
- 5,851‑square‑foot professional office building on approximately 0.72 acres
- Three‑suite configuration with an approximately 1,556‑square‑foot owner’s suite
- Direct frontage on U.S. Highway 1 at 112 U.S. 1, Tequesta, FL 33469
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
$155,081
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
4.43%
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%
$3,101,620
$3.1M
Cap Rate 7%
$2,215,443
$2.2M
Cap Rate 9%
$1,723,122
$1.7M
Market Conditions
NOI Build-Up for 5,851 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
$266.8K $45.60/SF
− Vacancy
−$60.0K −$10.26/SF
EGI
$206.8K $35.34/SF
− OpEx
−$51.7K −$8.84/SF
NOI
$155.1K $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 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%
$3,101,620
Cap Rate 7%
$2,215,443
Cap Rate 9%
$1,723,122
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.58M
NOI $155,081 @ 7.0% cap · market cap 4.43%
Second Best
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,930 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,442 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 33469, FL
15,101
Population
8,284
Households
1.8
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$103,489
Median Household Income
$58,016
Median Earnings
$1,786
Median Rent
$552,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Mixed-use zoning supports office, medical office, and professional service uses at this highway-fronting Tequesta property.
Where is this office building located?
The property is located at 112 U.S 1 Tequesta, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 5,851‑square‑foot professional office building on approximately 0.72 acres; Three‑suite configuration with an approximately 1,556‑square‑foot owner’s suite; Direct frontage on U.S. Highway 1 at 112 U.S. 1, Tequesta, FL 33469
