Industrial Flex Space with
For Sale
Contact for pricing
1500 53rd St, Mangonia Park, FL 33407
IG-zoned industrial property with office space, grade-level access, and heavy 3-phase electrical service.
Property Size10,460 SF
Price / SF$133.84
Days on Market661
Property Features for 1500 53rd St
General Information
Standard status
Active
Size
10,460 SF
Property subtype
INDUSTRIAL
Zoning
IG
Warehouse & Industrial
Office Build-Out
1,000 SF
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
10,460 SF
Construction
metal
Listing Agency:
CBRE | Palm Beach County
(561) 478-0330
Listed By:
Robert Smith · License #247809
(561) 478-0330
Source:
Moodyscre
Added: Nov 7, 2024
Changed: Aug 29
Last Checked: Aug 29 at 9:16PM
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 CBRE | Palm Beach County
Investment Insights
Based on property information with market context.
This industrial flex property at 1500 53rd St in Mangonia Park, Florida, provides approximately 10,460 SF of building area, including about 1,000 SF of office space. The structure features metal construction with a metal roof system, grade-level loading, and heavy 3-phase power for industrial operations. A fully installed fire sprinkler system is also in place.
The property is zoned IG for industrial use. Its combination of office area, loading access, substantial electrical service, and warehouse-oriented construction supports a range of industrial and flex-space requirements.
The property is zoned IG for industrial use. Its combination of office area, loading access, substantial electrical service, and warehouse-oriented construction supports a range of industrial and flex-space requirements.
Key Highlights
- ±10,460 SF total building size with ±1,000 SF office area
- IG industrial zoning
- Grade‑level loading access
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
$112,923
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
8.07%
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%
$2,258,460
$2.3M
Cap Rate 7%
$1,613,186
$1.6M
Cap Rate 9%
$1,254,700
$1.3M
Market Conditions
NOI Build-Up for 10,460 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
$170.7K $16.32/SF
− Vacancy
−$9.4K −$0.90/SF
EGI
$161.3K $15.42/SF
− OpEx
−$48.4K −$4.63/SF
NOI
$112.9K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$2,258,460
Cap Rate 7%
$1,613,186
Cap Rate 9%
$1,254,700
Alternative Uses
Best Use
Flex RnD
$3.29M
$2.88M – $3.83M
NOI $230,078 @ 7.0% cap · market cap 16.43%
Second Best
Warehouse
$1.96M
$1.71M – $2.29M
NOI $137,121 @ 7.0% cap · market cap 9.79%
Theoretical Best
Office A
$7.37M
$6.45M – $8.59M
NOI $515,656 @ 7.0% cap · market cap 36.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Corks + Forks Catering — 5640 Corporate Way, West Palm Beach, FL 33401
Frequently Asked Questions
What type of property is this?
Flex space - IG-zoned industrial property with office space, grade-level access, and heavy 3-phase electrical service.
Where is this flex space located?
The property is located at 1500 53rd St Mangonia Park, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: ±10,460 SF total building size with ±1,000 SF office area; IG industrial zoning; Grade‑level loading access
