Freestanding Ground-Level Office
1230 S Federal Highway 101 102, Boynton Beach, FL 33435
For Sale
$700,000
Pending
Two connected office units provide convenient ground-floor access with parking immediately near the entrance.
Property Size1,628 SF
Days on Market66
Property Features for 1230 S Federal Highway 101 102
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Floor
Office Units
Amenities
1.96 acres, 1 To Less Than 2 Acre Lot, East Of US 1, Corner Unit, Treed Lot, Sidewalk
Tile, Tile Roof
Public Sewer, Public Sanitation, Sewer
Parcel Number: 08434527510051010, Annual Amount: $4,837, Legal Description: COLONIAL CENTER COND UNIT 101 & 102, BLDG 5, Year: 2026, Zoning: C1 (city)
Carpet
Central Air
Central
Listing ID: B26073741, Standard Status: Active Under Contract, MLS Status: Active With Contract, Property Subtype: Office, On market as of 2026-09-08, Off market as of 2026-11-03, 56 days on market, Special Conditions: Sale
25 total parking spaces, Free Parking, No Boats
Built in 1982, Year Built Details: Resale, Living area: 1628, Living area units: Square Feet, 1 building, 1 storey, Levels: 1, Construction Materials: Slab Construction, Plaster
County/Parish: Palm Beach County
Leasable area: 1628, Leasable area units: Square Feet
2 units in community, Paved Road
Natural Gas Connected, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Source: Public, 110 Volts Power
Frontage Type: Highway, City/County Maintained, Paved Road, U.S. Highway, U.S. Hwy, Road Responsibility: Public Maintained Road, Road Surface: Paved Road, Paved
East Of Us1
No Fire Protection, No Security
Accessible Parking
Association Fee: $1,100, Fee Frequency: Monthly
Building Details
Year Built
Buildings
Listing Agency:
Hudson Realty Of The Plm Bchs
(561) 734-6000
Listed By:
James Hudson · License FL #148841
(561) 371-4251
Source:
Riserealty
Added: Sep 8
Changed: Nov 10
Last Checked: Nov 10 at 8:32AM
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 Hudson Realty Of The Plm Bchs
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units 101 and 102 comprise a freestanding office property with 1,628 square feet of combined space. The ground-level layout provides direct entry from the surrounding parking area, and the building was constructed in 1982.
The property fronts South Federal Highway in Boynton Beach, placing the office near a high-traffic roadway in East Boynton Beach. Its standalone configuration and visible highway frontage support a straightforward office-use setting with convenient access for occupants and visitors.
The property fronts South Federal Highway in Boynton Beach, placing the office near a high-traffic roadway in East Boynton Beach. Its standalone configuration and visible highway frontage support a straightforward office-use setting with convenient access for occupants and visitors.
Key Highlights
- Units 101 and 102 contain 1,628 square feet combined
- Freestanding, ground‑level office configuration
- Parking is located steps from the office entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,934
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,680
$1.0M
Cap Rate 7%
$741,914
$741.9K
Cap Rate 9%
$577,044
$577.0K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$81.5K $50.04/SF
− Vacancy
−$12.2K −$7.51/SF
EGI
$69.2K $42.53/SF
− OpEx
−$17.3K −$10.63/SF
NOI
$51.9K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,680
Cap Rate 7%
$741,914
Cap Rate 9%
$577,044
Alternative Uses
Best Use
Office B
$741.9K
$649.2K – $865.6K
NOI $51,934 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,257 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Palm Beach County, FL
Properties on Market for Office Units in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two connected office units provide convenient ground-floor access with parking immediately near the entrance.
Where is this office unit located?
The property is located at 1230 S Federal Highway 101 102 Boynton Beach, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Units 101 and 102 contain 1,628 square feet combined; Freestanding, ground‑level office configuration; Parking is located steps from the office entrance
