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 Market168
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.
(561) 644-3434
Listed By:
Michael S Horowitz · License #3028626
Source:
Mymiahomes
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 24 at 10:05AM
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 = 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
$128,592
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
5.59%
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%
$2,571,840
$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
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
$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 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%
$2,571,840
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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Woodhaven plaza — 2 Kirk Rd, West Palm Beach, FL 33406
- Shoppes of Forest Hill — Palm Springs, FL 33406
- West Palm Plaza — 4618 Forest Hill Blvd, West Palm Beach, FL 33415
- 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
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.
