Showroom Building with New
For Sale
$550,000
Pending
3401 Broadway, Riviera Beach, FL 33404
Showroom building with a new roof, 52 parking spaces, and existing setup used for automotive sales.
Property Size1,440 SF
Days on Market2745
Property Features for 3401 Broadway
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
General Commercial
Additional Details
Office Units
4
Amenities
double overhead doors
fully alarmed
3
52 Parking Spaces.
Building Details
Year Built
1985
Buildings
1
Tenancy
Single
Listing Agency:
United Realty Group Inc
(954) 591-4526
Listed By:
Azalia Joel
(954) 591-4526
Source:
Xome
Added: Jan 25, 2019
Changed: Jul 30
Last Checked: Jul 30 at 8:36PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This showroom building at 3401 Broadway in Riviera Beach has a newer roof and is currently used as an automotive sales facility. The building includes 4 offices, double overhead doors, and is fully alarmed. Auto equipment is noted as optional.
The property spans 1,440 SF and was built in 1985. Exterior amenities include 52 parking spaces.
The existing configuration supports a range of alternative uses mentioned for the property, including insurance and professional offices, as well as other community-oriented uses such as education, church, daycare, and nursing home.
The property spans 1,440 SF and was built in 1985. Exterior amenities include 52 parking spaces.
The existing configuration supports a range of alternative uses mentioned for the property, including insurance and professional offices, as well as other community-oriented uses such as education, church, daycare, and nursing home.
Key Highlights
- New roof
- Used as an automotive sales facility
- 4 offices
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 | $65.7k | $45.60 |
| − Vacancy | −$14.8k | −$10.26 |
| EGI | $50.9k | $35.34 |
| − OpEx | −$12.7k | −$8.84 |
| NOI | $38.2k | $26.51 |
1,440 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$545.2K
$477.1K – $636.1K
NOI $38,167 @ 7.0% cap · market cap 6.94%
Second Best
Retail
$347.8K
$304.4K – $405.8K
NOI $24,349 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,989 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
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?
Showroom - Showroom building with a new roof, 52 parking spaces, and existing setup used for automotive sales.
Where is this showroom located?
The property is located at 3401 Broadway Riviera Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: New roof; Used as an automotive sales facility; 4 offices
