Riviera Beach Industrial Property For
6861 Gdn Rd Riviera Beach, FL 33404
For Sale
$5,950,000
16,025 SF industrial property on 1.47 acres.
Property Size16,025 SF
Lot Size1.47 Acres
Price / SF$371.29
Days on Market94
Property Features for 6861 Gdn Rd
General Information
- Standard status
- Active
- Size
- 16,025 SF
- Lot size
- 1.47 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1988
Listing Agency:
Keller Williams Realty of Jupiter
(561) 339-3002
Listed By:
Kim Cuomo · License #0662253
(561) 339-3002
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 25 at 6:19AM
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 Keller Williams Realty of Jupiter
Investment Insights
Based on property information with market context.
This industrial property offers 16,025 square feet of space on a 1.47-acre corner lot. The property is located directly on Garden Road, which sees over 10,000 vehicles per day, and has access from Blue Heron Boulevard, a commercial corridor with over 55,000 vehicles per day. Zoned IG, the site supports a wide range of industrial and business uses. The building features over 5,000 square feet of professional office space, including over 12 offices, storage spaces, workstations, a lobby, conference rooms, and kitchen facilities. The warehouse space is 10,000 square feet and includes 4 overhead doors, a loading dock, and a large, secured lot for additional storage. Additional features include impact windows and doors, fire sprinklers, heavy 3-phase power, and a 22-foot clear height. The property is somewhat bikeable with a bike score of 34 and has some transit options with a transit score of 31. The property is car-dependent with a walk score of 14.
Key Highlights
- Prime corner‑lot location on Garden Road, high visibility with great access.
- 16,025 sq ft industrial building on 1.47 acres, great for owner‑users or investors.
- IG zoning supports various industrial and business uses.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $730.7k | $45.60 |
| − Vacancy | −$164.4k | −$10.26 |
| EGI | $566.3k | $35.34 |
| − OpEx | −$141.6k | −$8.84 |
| NOI | $424.7k | $26.51 |
16,025 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.07M
$5.31M – $7.08M
NOI $424,743 @ 7.0% cap · market cap 7.14%
Second Best
Flex RnD
$5.04M
$4.41M – $5.87M
NOI $352,486 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$11.29M
$9.87M – $13.17M
NOI $789,999 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Hugo's Gourmet Catering — 7535 Enterprise Dr, West Palm Beach, FL 33404
- Hugo's Gourmet Foods — 7535 enterprise dr #60, west palm beach, fl 33404
FAQs
What type of property is this?
Flex space - 16,025 SF industrial property on 1.47 acres.
Where is this flex space located?
The property is located at 6861 Gdn Rd Riviera Beach, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime corner‑lot location on Garden Road, high visibility with great access.; 16,025 sq ft industrial building on 1.47 acres, great for owner‑users or investors.; IG zoning supports various industrial and business uses.
