Climate-Controlled Mixed-Use
11496 Pierson Road #C9, Wellington, FL 33414
For Sale
Contact for pricing
The office and warehouse include LED lighting, with polished warehouse floors and a grade-level roll-up door.
Property Size19,204 SF
Price / SF$0.10
Days on Market75
Property Features for 11496 Pierson Road #C9
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
climate-controlled
LED lights
LVT flooring
polished floors
private restroom
grade level roll-up door
24-hour access
Building Details
Year Built
Listing Agency:
Seascape Realty Group LLC
Listed By:
Richard John Guertin · License FL #3427572
(954) 589-3413
Source:
Wycliffecommunityrealty
Added: Aug 27
Changed: Nov 9
Last Checked: Nov 8 at 9:25PM
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 Seascape Realty Group LLC
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 19,204-square-foot mixed-use property combines office space with a climate-controlled warehouse. The office has an open layout, LED lighting, and new LVT flooring. In the warehouse, polished floors and LED fixtures accompany a private restroom and a grade-level roll-up door. Access is available around the clock. The building dates to 1983.
Key Highlights
- 19,204‑square‑foot mixed‑use property with office and warehouse space
- Climate‑controlled warehouse with polished floors and a grade‑level roll‑up door
- Office area features an open layout, LED lighting, and new LVT flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,814
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,456,280
$4.5M
Cap Rate 7%
$3,183,057
$3.2M
Cap Rate 9%
$2,475,711
$2.5M
Market Conditions
NOI Build-Up for 19,204 SF
Gross rent
$288.1K $15.00/SF
− Vacancy
−$25.9K −$1.35/SF
EGI
$262.1K $13.65/SF
− OpEx
−$39.3K −$2.05/SF
NOI
$222.8K $11.60/SF
Area
Palm Beach County, FL
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,456,280
Cap Rate 7%
$3,183,057
Cap Rate 9%
$2,475,711
Alternative Uses
Best Use
Mixed Use
$3.87M
$3.38M – $4.51M
NOI $270,776 @ 7.0% cap
Second Best
Warehouse
$3.18M
$2.79M – $3.71M
NOI $222,814 @ 7.0% cap
Theoretical Best
Office A
$13.52M
$11.83M – $15.78M
NOI $946,717 @ 7.0% cap
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
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Palm Beach County, FL
Properties on Market for Mixed-use properties in Palm Beach County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The office and warehouse include LED lighting, with polished warehouse floors and a grade-level roll-up door.
Where is this mixed-use property located?
The property is located at 11496 Pierson Road #C9 Wellington, FL.
What are key features of this property?
This property features: 19,204‑square‑foot mixed‑use property with office and warehouse space; Climate‑controlled warehouse with polished floors and a grade‑level roll‑up door; Office area features an open layout, LED lighting, and new LVT flooring
