Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4119 W Blue Heron Blvd, Unit 21 Riviera Beach, FL 33404

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Private office space in professional coworking environment for sale.

    Lot size:
    1.09 Acres

    Property Features for 4119 W Blue Heron Blvd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.09 Acres

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Leanne Collymore
    Source: Elliman

    Listing Agent: Leanne Collymore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Private Office in Coworking Space

    Private office space is available for purchase within The Diplomat Center, a coworking environment designed for business owners, entrepreneurs, and remote professionals. The available office provides a dedicated workspace with access to shared amenities. The building is well-maintained. High-speed internet and essential office amenities are included. Shared conference rooms and common areas are accessible. The location is near dining and business services. The property is ideal for professionals seeking a productive workspace.
    Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.100792
    Latitude
    26.7827229

    Nearby Similar for Sale

    • New
      $6,875,000
      16,025 SF

      Riviera Beach Industrial Property For Sale

      16,025 SF industrial property on 1.47 acres.
      6861 Garden Rd, Riviera Beach, FL 33404
      View Details
    • New
      $950,000
      3,080 SF

      Riviera Beach Duplex Investment Opportunity

      Newly constructed duplex in an Opportunity Zone, suitable for rentals.
      1547 W 26Th Ct, Riviera Beach, FL 33404
      View Details
    • $319,319
      1,644 SF

      Riviera Beach Duplex Near Water

      Investor special: duplex near water, restaurants, and hotels.
      131 W 35Th St, Riviera Beach, FL 33404
      View Details
    • $120,000

      Established Restaurant in Riviera Beach

      Turn-key Caribbean restaurant with seller financing in Riviera Beach, FL.
      9999 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • $680,000
      1,809 SF

      Riviera Beach Triplex For Sale

      Residential income triplex property in Riviera Beach, Florida.
      49 E 27Th St, Riviera Beach, FL 33404
      View Details
    • $679,000
      756 SF

      Riviera Beach Quadplex For Sale

      Quadplex in Riviera Beach, Florida, with central AC.
      2721 Ave Ave S, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Move-in Ready Office Condo

      Office condo in a multi-tenant office/retail center.
      4152 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Professional Coworking Space Office

      Private office in The Diplomat Center with shared amenities.
      4119 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Private Office in Coworking Space

      Private office space with shared amenities in professional coworking environment.
      4119 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • $120,000

      Turnkey Restaurant on Blue Heron

      Turnkey Latin take-out restaurant with high visibility and customer flow.
      1541 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      60,969 SF

      Updated Office Building in Riviera

      Well-maintained Class B office building with government tenants.
      2051 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      81,053 SF

      Move-in Ready Office Condo

      Built-out office condo in mixed-use center, convenient location.
      4152 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details

    FAQs

    What type of property is this?
    Coworking space - Private office space in professional coworking environment for sale.
    Where is this coworking space located?
    The property is located at 4119 W Blue Heron Blvd, Unit 21 Riviera Beach, FL.
    What is the asking price?
    The asking price for this property is $940.
    What are key features of this property?
    This property features: - Private office within a professional coworking space.; - High-speed internet and essential office amenities included.; - Access to shared conference rooms and common areas.
    (561) 951-6050
    Request Owner's contact information
    4119 W Blue Heron Blvd, Unit 21 Riviera Beach, FL 33404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4119 W Blue Heron Blvd, Unit 21
    Riviera Beach, FL 33404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4119 W Blue Heron Blvd, Unit 21 Riviera Beach, FL 33404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Leanne Collymore
    (561) 951-6050 (954) 880-2550
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!