Freestanding Ground-Level Office
New
For Sale
$700,000
1230 S Federal Highway #101 102, Boynton Beach, FL
Ground-level office space offers convenient entry with parking located steps from the office door.
Property Size1,628 SF
Price / SF$429.98
Days on Market3
Property Features for 1230 S Federal Highway #101 102
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Road Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,837
Amenities
Central air
Carpet Flooring
Central Air Cooling
Central Heating
Free Parking
Tile Roof
Volts110
Building Details
Year Built
1982
Listing Agency:
HUDSON REALTY OF THE PLM BCHS
Listed By:
JAMES HUDSON · License #B26073741
(561) 371-4251
Source:
Corcoran
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 11 at 7:16AM
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.
Office Units 101 and 102 comprise a freestanding, ground-level office property with 1,628 square feet of combined space. The layout provides direct access from the parking area, with parking positioned steps from the office entrance. Built in 1982, the property offers a dedicated office setting rather than space within a larger multitenant building.
The property is located at 1230 S Federal Highway in Boynton Beach, with frontage along South Federal Highway and a high-traffic setting. Its East Boynton Beach location provides exposure from a well-traveled commercial corridor.
The property is located at 1230 S Federal Highway in Boynton Beach, with frontage along South Federal Highway and a high-traffic setting. Its East Boynton Beach location provides exposure from a well-traveled commercial corridor.
Key Highlights
- Office Units 101 and 102 with 1,628 square feet combined
- 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
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
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 - Ground-level office space offers convenient entry with parking located steps from the office door.
Where is this office units 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: Office Units 101 and 102 with 1,628 square feet combined; Freestanding, ground‑level office configuration; Parking located steps from the office entrance
