Flex Space with
New
For Sale
$580,000
1334 S Killian Dr 1, Lake Park, FL 33403
Air conditioning, two private offices, and a full bathroom support a range of workspace configurations.
Property Size1,250 SF
Days on Market5
Property Features for 1334 S Killian Dr 1
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$5,427
Amenities
air conditioning
polished concrete floors
marble shower
limestone wall system
loft
water heater
private offices
display shelves
large windows
Building Details
Building Size
1,250 SF
Year Built
1983
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Illustrated Properties
Listed By:
Chris Twardowski · License #3613217
(561) 568-8089
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 9:44PM
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 Illustrated Properties
Investment Insights
Based on property information with market context.
This flex-space condominium, built in 1983, has a 48' x 26' footprint. The air-conditioned interior includes polished concrete floors, two private offices, built-in display shelving, and a loft with a water heater serving the bathroom. The bathroom has a shower finished with Calacatta marble, while imported limestone wall details add distinctive interior finishes.
Positioned at a corner, the unit has large windows that bring natural light into the space. The Northlake Boulevard exit from I-95 is approximately seven minutes away.
Positioned at a corner, the unit has large windows that bring natural light into the space. The Northlake Boulevard exit from I-95 is approximately seven minutes away.
Key Highlights
- 48' x 26' footprint
- Air‑conditioned interior with polished concrete floors
- Two private offices and a loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,495
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,900
$549.9K
Cap Rate 7%
$392,786
$392.8K
Cap Rate 9%
$305,500
$305.5K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$45.0K $36.00/SF
− Vacancy
−$2.7K −$2.16/SF
EGI
$42.3K $33.84/SF
− OpEx
−$14.8K −$11.84/SF
NOI
$27.5K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,900
Cap Rate 7%
$392,786
Cap Rate 9%
$305,500
Alternative Uses
Best Use
Flex RnD
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 4.74%
Second Best
Warehouse
$234.1K
$204.8K – $273.1K
NOI $16,386 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$880.3K
$770.3K – $1.03M
NOI $61,622 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
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
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- Luminous Meals — NA, 1301 10th St, Lake Park, FL 33403
- Cravin Creole — 3450 Northlake Blvd, North Palm Beach, FL 33403
Frequently Asked Questions
What type of property is this?
Flex space - Air conditioning, two private offices, and a full bathroom support a range of workspace configurations.
Where is this flex space located?
The property is located at 1334 S Killian Dr 1 Lake Park, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 48' x 26' footprint; Air‑conditioned interior with polished concrete floors; Two private offices and a loft
