Office Units with Elevator
11211 Prosperity Farms Road B203 & 204, Palm Beach Gardens, FL 33410
For Sale
$924,000
The office property offers central air, stair access around the building, and an elevator at the rear.
Property Size2,034 SF
Days on Market198
Property Features for 11211 Prosperity Farms Road B203 & 204
General Information
Standard status
Size
Total Parking Spaces
Elevators
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Central
Common
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Echo Fine Properties
Listed By:
Howard Freedland · License FL #3482263
(561) 889-2735
Source:
Evrealestate
Added: Apr 30
Changed: Nov 12
Last Checked: Nov 12 at 2:26PM
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 Echo Fine Properties
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.
Office units B203 and B204 are located in Building B, a 1981 office property with central air. An elevator is positioned at the rear of the building, with stairs available around the structure. Exterior areas are common.
The property is on the west side of Prosperity Farms Road in Palm Beach Gardens, approximately one-quarter mile south of PGA Boulevard. Building B stands near the entrance to the office park, immediately to the right. The zoning is PO (city).
The property is on the west side of Prosperity Farms Road in Palm Beach Gardens, approximately one-quarter mile south of PGA Boulevard. Building B stands near the entrance to the office park, immediately to the right. The zoning is PO (city).
Key Highlights
- Units B203 and B204 in Building B
- Built in 1981
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,886
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,720
$1.3M
Cap Rate 7%
$926,943
$926.9K
Cap Rate 9%
$720,956
$721.0K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$101.8K $50.04/SF
− Vacancy
−$15.3K −$7.51/SF
EGI
$86.5K $42.53/SF
− OpEx
−$21.6K −$10.63/SF
NOI
$64.9K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,720
Cap Rate 7%
$926,943
Cap Rate 9%
$720,956
Alternative Uses
Best Use
Office B
$926.9K
$811.1K – $1.08M
NOI $64,886 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,272 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 33410, FL
35,946
Population
17,830
Households
2
Avg Household Size
47
Median Age
47%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
3,153
Density / Sq Mi
$96,059
Median Household Income
$47,169
Median Earnings
$2,193
Median Rent
$469,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Palm Beach County, FL
Properties on Market for Office Units in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The office property offers central air, stair access around the building, and an elevator at the rear.
Where is this office unit located?
The property is located at 11211 Prosperity Farms Road B203 & 204 Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: Units B203 and B204 in Building B; Built in 1981; Central air
