West Palm Beach Flex
For Sale
Contact for pricing
925 S Military Trl, West Palm Beach, FL
Flex space property in West Palm Beach, Florida for sale.
Property Size15,000 SF
Lot Size5.61 Acres
Price / SF$319
Days on Market515
Property Features for 925 S Military Trl
General Information
Standard status
Active
Size
15,000 SF
Lot size
5.61 Acres
Property subtype
INDUSTRIAL
Listing Agency:
LRM Commercial Real Estate Advisors
(561) 716-7819
Listed By:
Mark Faeth · License #FL SL3523291
(561) 716-7819
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Aug 22
Last Checked: Aug 24 at 9:09AM
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 LRM Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This property portfolio offers an investment opportunity with its strategically situated small bay property in West Palm Beach, Lake Florida. The property features a combined space of approximately 15,000 square feet. It offers a selection of rental units tailored to meet the needs of different tenants.
Key Highlights
- One‑of‑a‑kind investment opportunity
- Strategically situated in West Palm Beach, Lake Florida
- Small bay property
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
$147,420
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
3.07%
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%
$2,948,400
$2.9M
Cap Rate 7%
$2,106,000
$2.1M
Cap Rate 9%
$1,638,000
$1.6M
Market Conditions
NOI Build-Up for 15,000 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
$252.0K $16.80/SF
− Vacancy
−$25.2K −$1.68/SF
EGI
$226.8K $15.12/SF
− OpEx
−$79.4K −$5.29/SF
NOI
$147.4K $9.83/SF
Area
West Palm Beach, FL
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,948,400
Cap Rate 7%
$2,106,000
Cap Rate 9%
$1,638,000
Alternative Uses
Best Use
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,420 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$1.97M
$1.72M – $2.29M
NOI $137,592 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$10.56M
$9.24M – $12.32M
NOI $739,469 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Flex space property in West Palm Beach, Florida for sale.
Where is this industrial property located?
The property is located at 925 S Military Trl West Palm Beach, FL.
What is the asking price?
The asking price for this property is $4,799,999.
What are key features of this property?
This property features: One‑of‑a‑kind investment opportunity; Strategically situated in West Palm Beach, Lake Florida; Small bay property
