Customizable Warehouse
New
For Sale
$550,000
220 VENUS St 6, Jupiter, FL 33458
Warehouse space suited for office, vehicle storage, or distribution customization.
Property Size960 SF
Days on Market2
Property Features for 220 VENUS St 6
General Information
Standard status
Active
Size
960 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,252
Building Details
Building Size
960 SF
Year Built
1989
Stories
1
Units
1
Listing Agency:
(561) 358-5555
Listed By:
Joseph P. Atkinson
(561) 358-5555
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 8:02AM
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 Joseph P. Atkinson
Investment Insights
Based on property information with market context.
Built in 1989, this warehouse property offers a commercial shell that can be customized for office use, vehicle storage, or distribution operations. The adaptable format supports multiple business configurations while preserving the building’s industrial function.
The property is located at 220 Venus St 6 in Jupiter, Florida. WalkScore is 70, classified as Somewhat Walkable, and BikeScore is 69, classified as Bikeable.
The property is located at 220 Venus St 6 in Jupiter, Florida. WalkScore is 70, classified as Somewhat Walkable, and BikeScore is 69, classified as Bikeable.
Key Highlights
- Warehouse building constructed in 1989
- Customization potential for office, vehicle storage, or distribution use
- 220 Venus St 6, Jupiter, FL 33458
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
$25,445
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
4.63%
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%
$508,900
$508.9K
Cap Rate 7%
$363,500
$363.5K
Cap Rate 9%
$282,722
$282.7K
Market Conditions
NOI Build-Up for 960 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
$43.8K $45.60/SF
− Vacancy
−$9.8K −$10.26/SF
EGI
$33.9K $35.34/SF
− OpEx
−$8.5K −$8.84/SF
NOI
$25.4K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$508,900
Cap Rate 7%
$363,500
Cap Rate 9%
$282,722
Alternative Uses
Best Use
Office B
$363.5K
$318.1K – $424.1K
NOI $25,445 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$301.7K
$264.0K – $351.9K
NOI $21,116 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$676.1K
$591.6K – $788.8K
NOI $47,326 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33458, FL
55,083
Population
23,121
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
20.4 sq mi
ZIP Area
2,700
Density / Sq Mi
$107,626
Median Household Income
$48,448
Median Earnings
$2,090
Median Rent
$550,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space suited for office, vehicle storage, or distribution customization.
Where is this warehouse located?
The property is located at 220 VENUS St 6 Jupiter, 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: Warehouse building constructed in 1989; Customization potential for office, vehicle storage, or distribution use; 220 Venus St 6, Jupiter, FL 33458
