Flex Space with Office and Loft
For Sale
$329,900
Pending
1101 S Rogers Circle Unit 16, Boca Raton, FL 33487
Flex space with office, loft studio, reception area, full kitchen, and three restrooms.
Property Size1,675 SF
Days on Market2566
Property Features for 1101 S Rogers Circle Unit 16
General Information
Standard status
Pending
Size
1,675 SF
Total Parking Spaces
3
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Amenities
full kitchen
3
3 Parking Spaces.
Listing Agency:
Coldwell Banker Residential RE
(954) 328-0711
Listed By:
Robert Piccolo · License #433229
(954) 328-0711
Source:
Xome
Added: Aug 4, 2019
Changed: Jul 30
Last Checked: Jul 30 at 1:02PM
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 Residential RE
Investment Insights
Based on property information with market context.
This flex space is built for a work-and-meet setup, combining office space with a loft studio, reception area, full kitchen, and three restrooms. Interior guest facilities are listed as three, supporting a layout that can accommodate clients, staff, or visitors. The property also includes a brand new 5,000 ton AC and a new roof.
Outside, there are three assigned parking spaces. The property is described as having a great location close to I-95, which can support convenient access for employees and customers. The space is listed at 1,675 total size for Unit 16.
A strong fit for tenants seeking flexible space with dedicated office and reception components is reflected in the combination of interior rooms and dedicated amenities like the kitchen and restrooms.
Outside, there are three assigned parking spaces. The property is described as having a great location close to I-95, which can support convenient access for employees and customers. The space is listed at 1,675 total size for Unit 16.
A strong fit for tenants seeking flexible space with dedicated office and reception components is reflected in the combination of interior rooms and dedicated amenities like the kitchen and restrooms.
Key Highlights
- Brand new 5,000 ton AC
- New roof
- Office space plus loft studio and reception 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
$21,958
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
6.66%
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%
$439,160
$439.2K
Cap Rate 7%
$313,686
$313.7K
Cap Rate 9%
$243,978
$244.0K
Market Conditions
NOI Build-Up for 1,675 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
$27.3K $16.32/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$25.8K $15.42/SF
− OpEx
−$3.9K −$2.31/SF
NOI
$22.0K $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%
$439,160
Cap Rate 7%
$313,686
Cap Rate 9%
$243,978
Alternative Uses
Best Use
Office B
$634.2K
$555.0K – $739.9K
NOI $44,396 @ 7.0% cap · market cap 13.46%
Second Best
Flex RnD
$526.3K
$460.5K – $614.1K
NOI $36,843 @ 7.0% cap · market cap 11.17%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,574 @ 7.0% cap · market cap 25.03%
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
2,331
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33487, FL
20,644
Population
13,644
Households
1.5
Avg Household Size
53
Median Age
60%
College-Educated
97%
High-School Grad
6.7 sq mi
ZIP Area
3,081
Density / Sq Mi
$93,816
Median Household Income
$48,927
Median Earnings
$2,382
Median Rent
$573,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with office, loft studio, reception area, full kitchen, and three restrooms.
Where is this flex space located?
The property is located at 1101 S Rogers Circle Unit 16 Boca Raton, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Brand new 5,000 ton AC; New roof; Office space plus loft studio and reception area
