Ground-Level Office Condominium
New
For Sale
$700,000
1230 S Federal Hwy 101 102, Boynton Beach, FL 33437
The two suites sit steps from parking, with direct access at the office entrance.
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 Level
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) 734-6000
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two office condominium units, 101 and 102, are combined within a freestanding, ground-level office property. The space totals 1,628 square feet, and the building dates to 1982. Parking is available close to the entrance.
The property fronts South Federal Highway in Boynton Beach, Florida, along a high-traffic corridor.
The property fronts South Federal Highway in Boynton Beach, Florida, along a high-traffic corridor.
Key Highlights
- Two office condominium units, 101 and 102, totaling 1,628 square feet
- Freestanding, ground‑level office property
- Parking located steps from the office entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,150
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 33437, FL
36,889
Population
21,809
Households
1.7
Avg Household Size
68
Median Age
48%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,416
Density / Sq Mi
$78,941
Median Household Income
$44,414
Median Earnings
$1,968
Median Rent
$391,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - The two suites sit steps from parking, with direct access at the office entrance.
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: Two office condominium units, 101 and 102, totaling 1,628 square feet; Freestanding, ground‑level office property; Parking located steps from the office entrance
