Premier Office & Flex
For Sale
$1,780,000
4188 Westroads Dr 126, Riviera Beach, FL 33407
Flagship office, showroom, and flex space in A++ condition.
Property Size3,000 SF
Price / SF$593.33
Days on Market108
Property Features for 4188 Westroads Dr 126
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$7,451
Building Details
Building Size
3,000 SF
Year Built
2005
Stories
2
Units
1
Listing Agency:
(561) 714-0700
Listed By:
Maribel De La Pena
(561) 714-0700
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 1 at 10:33AM
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 Maribel De La Pena
Investment Insights
Based on property information with market context.
This 3,000 square foot facility is in A++ condition, having been fully renovated. The layout is optimized for dual-purpose lifestyle and business operation. There is a 2,000 square foot flex showroom with high-bay ceilings and pristine finishes suitable for vehicle storage, light assembly, or creative studio work. The 750 square foot executive mezzanine is designed for hosting and high-level strategy, featuring a full kitchen, modern bathroom, and a glass-partitioned conference area complete with a professional conference table and seating. The 250 square foot ground floor service center has built-in service desks, ideal for client intake, logistics management, or a retail-facing counter. As the former headquarters for Taurino Racing, the space supported a diverse array of specialized business operations, including Capristo Exhaust Systems, TM Performance Brakes, and Performance Technology Private Labeling. An optional 3-stack car storage rack is available, allowing for maximum utilization of the high-clearance flex space.
Key Highlights
- 3,000 sq ft office, showroom, and flex space in "A++" condition.
- 2,000 sq ft flex showroom with high‑bay ceilings and pristine finishes**, suitable for vehicle storage, light assembly, or creative work.
- 750 sq ft executive mezzanine with full kitchen, modern bathroom, and glass‑partitioned conference area.**
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
$65,988
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
3.71%
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%
$1,319,760
$1.3M
Cap Rate 7%
$942,686
$942.7K
Cap Rate 9%
$733,200
$733.2K
Market Conditions
NOI Build-Up for 3,000 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
$108.0K $36.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$101.5K $33.84/SF
− OpEx
−$35.5K −$11.84/SF
NOI
$66.0K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,319,760
Cap Rate 7%
$942,686
Cap Rate 9%
$733,200
Alternative Uses
Best Use
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flagship office, showroom, and flex space in A++ condition.
Where is this flex space located?
The property is located at 4188 Westroads Dr 126 Riviera Beach, FL.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: 3,000 sq ft office, showroom, and flex space in "A++" condition.; 2,000 sq ft flex showroom with high‑bay ceilings and pristine finishes**, suitable for vehicle storage, light assembly, or creative work.; 750 sq ft executive mezzanine with full kitchen, modern bathroom, and glass‑partitioned conference area.**
