West Palm Beach Retail
For Sale
$2,299,000
1225 N Military Trl, West Palm Beach, FL 33409
Fully leased retail plaza in West Palm Beach for sale.
Property Size9,096 SF
Price / SF$252.75
Days on Market214
Property Features for 1225 N Military Trl
General Information
Standard status
Active
Size
9,096 SF
Building Details
Year Built
1976
Listing Agency:
Florida Realty Brokers Inc.
Listed By:
Michael S Horowitz · License #3028626
(561) 644-3434
Source:
Mymiahomes
Added: Mar 10
Changed: Oct 4
Last Checked: Oct 7 at 3:31PM
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 Florida Realty Brokers Inc.
Investment Insights
Based on property information with market context.
This commercial retail plaza is being offered for sale for the first time in over 30 years. The building is undergoing full exterior painting and the parking lot is being re-striped. A new roof is being installed. The property is freshly landscaped and 100% leased with under market leases that are not NNN. The solid building is in great shape and features two lighted sign posts. The property has two entrances and exits. The property is located inside an opportunity zone, making it eligible for associated tax benefits.
Key Highlights
- 100% Leased: Provides immediate income stream.
- Located in an Opportunity Zone: Eligible for significant tax benefits.
- Under Market Leases: Potential for increased rental income upon renewal.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,592
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,840
$2.6M
Cap Rate 7%
$1,837,029
$1.8M
Cap Rate 9%
$1,428,800
$1.4M
Market Conditions
NOI Build-Up for 9,096 SF
Gross rent
$196.5K $21.60/SF
− Vacancy
−$12.8K −$1.40/SF
EGI
$183.7K $20.20/SF
− OpEx
−$55.1K −$6.06/SF
NOI
$128.6K $14.14/SF
Area
West Palm Beach, FL
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,840
Cap Rate 7%
$1,837,029
Cap Rate 9%
$1,428,800
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,592 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.41M
$5.61M – $7.47M
NOI $448,414 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33409, FL
33,061
Population
13,715
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
80%
High-School Grad
6.3 sq mi
ZIP Area
5,248
Density / Sq Mi
$65,206
Median Household Income
$34,994
Median Earnings
$1,633
Median Rent
$282,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- tienda Francia — 1941 S Military Trl, West Palm Beach, FL 33415
- Poly Body Shapers Fajas Colombianas — Sunshine Flea Market, 1941 S. Military Trail, 19 A-B, West Palm Beach, FL 33415
- West Palm Plaza — 4618 Forest Hill Blvd, West Palm Beach, FL 33415
- Shoppes of Forest Hill — Palm Springs, FL 33406
- Woodhaven plaza — 2 Kirk Rd, West Palm Beach, FL 33406
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail plaza in West Palm Beach for sale.
Where is this shopping center located?
The property is located at 1225 N Military Trl West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 100% Leased: Provides immediate income stream.; Located in an Opportunity Zone: Eligible for significant tax benefits.; Under Market Leases: Potential for increased rental income upon renewal.
