Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    721 Us Hwy, Unit 1 North Palm Beach, FL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    Office space available in North Palm Beach, Florida.

    Property size:
    1,200 SF
    Lot size:
    1.99 Acres

    Property Features for 721 Us Hwy

    General Information

    Size
    1,200 SF
    Lot size
    1.99 Acres

    We can help!

    Listing Contact
    Lauren Thomas
    Source: Moodyscre

    Listing Agent: Lauren Thomas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    North Palm Beach Office Space

    This commercial property offers 1,200 square feet of office space. Located in North Palm Beach, Florida, the property is situated on US Hwy 1.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0814292
    Latitude
    26.8070321

    Nearby Similar for Sale

    • $789,000
      1,528 SF

      North Palm Beach Quad Plex

      Turnkey, income-producing 4-unit multifamily property in North Palm Beach.
      1883 Smith Dr, North Palm Beach, FL 33408
      View Details
    • New
      $349,000
      1,398 SF

      North Palm Beach Office Condo

      Well-maintained commercial condo with treatment rooms and renovated restrooms.
      537 Us Hwy 1, North Palm Beach, FL 33408
      View Details
    • $385,000

      Premium Boat Slip with Lift

      State-of-the-art 50ft dock with 30,000 lbs lift.
      Twelve Oaks Way, North Palm Beach, FL 33408
      View Details
    • $6,900,000
      0.72 Acres

      Waterfront Property with Income Potential

      Waterfront property with main house and guest cottages for renovation.
      2031 Melody Ln, North Palm Beach, FL 33408
      View Details
    • $9,500,000

      Intracoastal Waterfront Property

      Deepwater property on Intracoastal and canal with 300+ feet bulkhead.
      2128 Vista Dr, North Palm Beach, FL 33408
      View Details
    • $9,500,000

      Intracoastal Waterfront Property

      Deepwater property on Intracoastal, perfect for boating enthusiasts.
      2081 Vista Dr, North Palm Beach, FL 33408
      View Details
    • $300,000

      Established Uniform & Apparel Business

      Profitable, turnkey uniform and apparel business in North Palm Beach.
      North Palm Beach, FL 33408
      View Details
    • $225,000

      Intracoastal View Two Bedroom Unit

      Two-bedroom unit with Intracoastal views in active 55+ community.
      100 Doolen Ct, North Palm Beach, FL 33408
      View Details
    • $299,000

      Waterfront Co-Op with Intracoastal Views

      Two-bedroom co-op in 55+ waterfront community with boat slips.
      130 Doolen Ct, North Palm Beach, FL 33408
      View Details
    • $399,500

      Corner Unit Office Suite

      Ground floor office suite in North Palm Beach location.
      721 116-117, North Palm Beach, FL 33408
      View Details
    • $250,000

      Waterfront Condo with Intracoastal Views

      Active 55+ community with stunning intracoastal waterway views.
      100 Shr 307 Ct, North Palm Beach, FL 33408
      View Details
    • $249,000

      Updated Condo with Private Balcony

      Updated two-bedroom condo with balcony and fantastic views.
      101 Doolen Ct, North Palm Beach, FL 33408
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available in North Palm Beach, Florida.
    Where is this office space located?
    The property is located at 721 Us Hwy, Unit 1 North Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Office space available.; - Located in North Palm Beach, Florida.
    (561) 659-5554
    Request Owner's contact information
    721 Us Hwy, Unit 1 North Palm Beach, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    721 Us Hwy, Unit 1
    North Palm Beach, FL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    721 Us Hwy, Unit 1 North Palm Beach, FL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lauren Thomas
    Real Estate License ID: 3379509
    (561) 659-5554
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.