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Flex Condo For Sale

6590 W Rogers Cir Boca Raton, FL

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2,000 SF flex condo with office and warehouse space.

Type:FLEX_R_AND_D
Property size:
2,000 SF
Lot size:
4.30 Acres
Price / SF:
$272.50/SF
Added:
Feb 7, 2023
Days on Market:
1253
Last Refresh:
May 19 at 10:17 pm

Property Features for 6590 W Rogers Cir

General Information

Standard status
Active
Size
2,000 SF
Lot size
4.30 Acres
Property subtype
FLEX_R_AND_D

Listing office Mattis Advisors

Listing date Feb 7, 2023

Source Moodyscre

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 Mattis Advisors


Investment Insights

Based on property information with market context.

This 2,000 square foot flex condo is available for sale, suitable for an owner/user. The property includes one executive office with a private full bathroom featuring a steam shower. Additionally, there is a bathroom downstairs, making for a total of two bathrooms. The unit also features a kitchenette and air conditioning in the warehouse area. The building has a twin-t roofing system. The property includes three assigned parking spots. The condo dues are $1.76 plus $1.29 (reserves), totaling $3.05 per square foot.

Key Highlights

  • 2,000 sf flex condo ideal for owner/user.
  • Executive office with private full bathroom and steam shower.
  • A/C in warehouse.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $72.0k $36.00
− Vacancy −$4.3k −$2.16
EGI $67.7k $33.84
− OpEx −$23.7k −$11.84
NOI $44.0k $22.00
2,000 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$628.5K
$549.9K – $733.2K (±1% cap)
NOI $43,992 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$308.4K
$269.9K – $359.9K (±1% cap)
NOI $21,591 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M (±1% cap)
NOI $98,596 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Paper Chase Window ... (Bike/Boat/Book/etc) Store Security & Sound Systems ... Security Service Home Baked Group Bakery Tye dye 2 ... Clothing & Fashion Store Inteccon Inc Environmental Consultant

Suggested Use

Hair Salon Nail Salon Food Market Grocery & Convenience Store Barber Shop Auto Parts Store Hotel & Motel Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Hibachi2U — 1121 Holland Dr # 25, Boca Raton, FL 33487

FAQs

What type of property is this?
Flex space - 2,000 SF flex condo with office and warehouse space.
Where is this flex space located?
The property is located at 6590 W Rogers Cir Boca Raton, FL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 2,000 sf flex condo ideal for owner/user.; Executive office with private full bathroom and steam shower.; A/C in warehouse.
Contact an agent
(561) 910-0175 Call to check price and availability
More about this property
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