Free-Standing Retail Building in
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12750 S Military Trl, Boynton Beach, FL 33436
12,420 SF retail building in Boynton Beach, Florida.
Property Size12,420 SF
Price / SF$426.33
Days on Market608
Property Features for 12750 S Military Trl
General Information
Standard status
Active
Size
12,420 SF
Class
B
Total Parking Spaces
62
Property subtype
Retail
Zoning
MUPD
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
2003
Year Renovated
2003
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
eXp Commercial
(239) 788-7820
Listed By:
Jesse Spencer · License #FL - BK3384974
Source:
Crexi
Added: Dec 17, 2024
Changed: Aug 16
Last Checked: Aug 15 at 4:59AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This free-standing building offers 12,420 square feet of space, suitable for various retail ventures. Constructed in 2003, the property features one unit and is zoned MUPD. Located in Boynton Beach, Palm Beach County, Florida, the property benefits from its proximity to shopping, dining, and entertainment options. The area has a robust local economy supported by a diverse range of industries. The property is near Boynton Beach Mall and across the street from a Walmart, ensuring high visibility and traffic. Boynton Beach is known for its family-friendly neighborhoods, parks, and waterfronts. It is also a short drive from Delray Beach. The location provides easy access to major thoroughfares and is near the Boynton Beach Community Redevelopment Agency. This property is suited for retail, office, or mixed-use investment.
Key Highlights
- High‑traffic location across from Walmart and near Boynton Beach Mall
- Free‑standing building with 12,420 square feet of retail space
- Located in Boynton Beach, a thriving area of Palm Beach County
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
$210,012
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
3.97%
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%
$4,200,240
$4.2M
Cap Rate 7%
$3,000,171
$3.0M
Cap Rate 9%
$2,333,467
$2.3M
Market Conditions
NOI Build-Up for 12,420 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
$327.9K $26.40/SF
− Vacancy
−$27.9K −$2.24/SF
EGI
$300.0K $24.16/SF
− OpEx
−$90.0K −$7.25/SF
NOI
$210.0K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$4,200,240
Cap Rate 7%
$3,000,171
Cap Rate 9%
$2,333,467
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,012 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.75M
$7.65M – $10.20M
NOI $612,280 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 84%
Dining 15%
Shops & Services 2%
Walmart Neighborhood Market
Groceries
38,122 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,655 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
818 visits/mo
0.2 miles
Demographics for 33436, FL
45,230
Population
23,744
Households
1.9
Avg Household Size
48
Median Age
35%
College-Educated
91%
High-School Grad
11.8 sq mi
ZIP Area
3,833
Density / Sq Mi
$76,011
Median Household Income
$37,308
Median Earnings
$1,883
Median Rent
$327,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 12,420 SF retail building in Boynton Beach, Florida.
Where is this retail space located?
The property is located at 12750 S Military Trl Boynton Beach, FL.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: High‑traffic location across from Walmart and near Boynton Beach Mall; Free‑standing building with **12,420 square feet** of retail space; Located in Boynton Beach, a thriving area of Palm Beach County
