Freestanding Ground-Level Office
New
For Sale
$700,000
1230 S Federal Highway Unit 101 102, Boynton Beach, FL 33435
Two connected office units provide convenient ground-floor access with parking immediately near the entrance.
Property Size1,628 SF
Price / SF$429.98
Days on Market4
Property Features for 1230 S Federal Highway Unit 101 102
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground
Office Units
2
Amenities
Square Feet: 85450, Acres: 1.96, Features: 1 To Less Than 2 Acre Lot, East Of US 1, Corner Unit, Treed Lot, Sidewalk
Roof: Tile, Tile Roof
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 08434527510051010, Tax Annual Amount: $4,837, Tax Legal Description: COLONIAL CENTER COND UNIT 101 & 102, BLDG 5, Tax Year: 2026
Flooring: Carpet
Cooling: Central Air
Heating: Central
Business Type: Personal/Consumer Service, Medical, Mobile/Trailer Park, Professional Service, Consumer Service, Medical Office, Office/Warehouse Combination, Office Space, Professional, Special Listing Conditions: Sale, Standard Status: Active
Parking Total: 25, Features: Free Parking, No Boats
Construction Materials: Slab Construction, Plaster, Levels: 1, Stories: 1, Year Built: 1982, Year Built Details: Resale, Building Area Total: 1628, Building Features: Awning/Hurricane Covers, Compressed Natural Gas, Kitchen Facilities, Office, Separate Office Area, Sidewalk, Automobile Traffic, Medium Traffic, Structure Type: Medical Office, Office/Retail, Office, Professional
County Or Parish: Palm Beach County, Unit Number: 101, 102
Leasable Area Units: Square Feet, Leasable Area: 1628
Features: Paved Road, Units In Community: 2
Electric On Property YN: t, Electric: 110 Volts Power, Gas: Natural Gas, Utilities: Natural Gas Connected, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Inclusions: Building Only, Business And Building
Water Source: Public
Road Frontage Type: Highway, City/County Maintained, Paved Road, U.S. Highway, U.S. Hwy, Road Responsibility: Public Maintained Road, Road Surface Type: Paved Road, Paved
Features: East Of Us1
Features: No Fire Protection, No Security
Accessibility Features: Accessible Parking
Fee: $1,100, Fee Frequency: Monthly
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Hudson Realty Of The Plm Bchs
(561) 734-6000
Listed By:
James Hudson · License #B26073741
(561) 371-4251
Source:
Riserealty
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 11 at 7:22AM
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
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 = 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
$43,150
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
6.16%
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%
$863,000
$863.0K
Cap Rate 7%
$616,429
$616.4K
Cap Rate 9%
$479,444
$479.4K
Market Conditions
NOI Build-Up for 1,628 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
$74.2K $45.60/SF
− Vacancy
−$16.7K −$10.26/SF
EGI
$57.5K $35.34/SF
− OpEx
−$14.4K −$8.84/SF
NOI
$43.2K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$863,000
Cap Rate 7%
$616,429
Cap Rate 9%
$479,444
Alternative Uses
Best Use
Office B
$616.4K
$539.4K – $719.2K
NOI $43,150 @ 7.0% cap · market cap 6.16%
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.
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two connected office units provide convenient ground-floor access with parking immediately near the entrance.
Where is this office units located?
The property is located at 1230 S Federal Highway Unit 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
