Ground-Level Office
New
For Sale
$700,000
1230 S Federal Hwy 101 102, Boynton Beach, FL 33435
Freestanding office condominium units offer direct ground-floor access with parking nearby.
Property Size1,628 SF
Price / SF$429.98
Days on Market3
Property Features for 1230 S Federal Hwy 101 102
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,837
Building Details
Building Size
1,628 SF
Year Built
1982
Stories
1
Listing Agency:
HUDSON REALTY OF THE PLM BCHS
Listed By:
James Hudson · License #B26073741
(561) 371-4251
Source:
Elliman
Added: Sep 9
Last Checked: Sep 11 at 9:18AM
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 combined 1,628-square-foot office condominium property in a freestanding, ground-level building. The office configuration provides direct access from the parking area, with parking positioned steps from the entrance. The property was built in 1982.
The offices are located on South Federal Hwy. in Boynton Beach, with frontage along the roadway. The surrounding area is identified as East Boynton Beach. Walk Score is 42, characterized as car-dependent, while Bike Score is 56, identified as bikeable.
The offices are located on South Federal Hwy. in Boynton Beach, with frontage along the roadway. The surrounding area is identified as East Boynton Beach. Walk Score is 42, characterized as car-dependent, while Bike Score is 56, identified as bikeable.
Key Highlights
- Combined 1,628 SF across office condo Units 101 and 102
- Freestanding, ground‑level office configuration
- Parking 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
Yes
Highway 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 - Freestanding office condominium units offer direct ground-floor access with parking nearby.
Where is this office units located?
The property is located at 1230 S Federal Hwy 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: Combined 1,628 SF across office condo Units 101 and 102; Freestanding, ground‑level office configuration; Parking located steps from the office entrance
