Warehouse with Office
For Sale
$795,000
Pending
1734 Corporate Dr, Boynton Beach, FL 33426
Immaculate warehouse includes a showroom, office, and fully air-conditioned interior with an oversized overhead door.
Property Size3,965 SF
Days on Market2288
Property Features for 1734 Corporate Dr
General Information
Standard status
Pending
Size
3,965 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,469
Amenities
showroom
conference room/office
bathroom
kitchen area
Listing Agency:
Coldwell Banker/ BR
(561) 445-5737
Listed By:
Daniel Lavalle · License #3269849
(561) 445-5737
Source:
Exprealty
Added: May 18, 2020
Changed: Aug 21
Last Checked: Aug 21 at 12:53PM
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 Coldwell Banker/ BR
Investment Insights
Based on property information with market context.
Immaculate 3,965 square foot warehouse with showroom, a conference room/office area, bathroom, and kitchen area. The space includes a 240 square foot mezzanine. High ceilings support efficient use of the warehouse, and the property features an oversized overhead door.
Additional building amenities include full air conditioning, helping support year-round comfort for both office and showroom use. The warehouse is described as right off Interstate I-95, providing convenient access for business operations.
This is a warehouse/flex-style configuration that combines functional storage space with dedicated interior areas for meetings and customer-facing showroom space.
Additional building amenities include full air conditioning, helping support year-round comfort for both office and showroom use. The warehouse is described as right off Interstate I-95, providing convenient access for business operations.
This is a warehouse/flex-style configuration that combines functional storage space with dedicated interior areas for meetings and customer-facing showroom space.
Key Highlights
- 3965 SF warehouse with showroom plus conference room/office space
- Fully air‑conditioned interior, including showroom and office areas
- 240 SF mezzanine adds extra flexible workspace
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
$51,977
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
6.54%
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%
$1,039,540
$1.0M
Cap Rate 7%
$742,529
$742.5K
Cap Rate 9%
$577,522
$577.5K
Market Conditions
NOI Build-Up for 3,965 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
$64.7K $16.32/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$61.1K $15.42/SF
− OpEx
−$9.2K −$2.31/SF
NOI
$52.0K $13.11/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$1,039,540
Cap Rate 7%
$742,529
Cap Rate 9%
$577,522
Alternative Uses
Best Use
Warehouse
$742.5K
$649.7K – $866.3K
NOI $51,977 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,466 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33426, FL
25,155
Population
12,500
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,124
Density / Sq Mi
$76,328
Median Household Income
$43,992
Median Earnings
$1,981
Median Rent
$298,500
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.
Similar Off Market Nearby
- Armada Moving Group — 1901 S Congress Ave, Boynton Beach, FL 33426
- Lift Moving — 2501 s seacrest blvd, boynton beach, fl 33435
Frequently Asked Questions
What type of property is this?
Warehouse - Immaculate warehouse includes a showroom, office, and fully air-conditioned interior with an oversized overhead door.
Where is this warehouse located?
The property is located at 1734 Corporate Dr Boynton Beach, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3965 SF warehouse with showroom plus conference room/office space; Fully air‑conditioned interior, including showroom and office areas; 240 SF mezzanine adds extra flexible workspace
