Industrial Condo
For Sale
$810,000
581 105th Ave N Unit 36, Royal Palm Beach, FL 33411
IG-zoned industrial condominium unit in a 2007 building at 581 105th Ave N.
Property Size2,400 SF
Days on Market152
Property Features for 581 105th Ave N Unit 36
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,400 SF
Listed By:
Stephen Passeggiata · License #SL3627834 (FL)
(321) 340-3174
Source:
Matthews
Added: May 8
Changed: Oct 2
Last Checked: Oct 5 at 3:19PM
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 Stephen Passeggiata
Investment Insights
Based on property information with market context.
Unit 36 at 581 105th Ave N in Royal Palm Beach is a 2,400-square-foot industrial condominium within a building completed in 2007. The property carries IG zoning and is identified as an industrial property suitable for commercial evaluation within the Royal Palm Beach market.
The address places the unit in Palm Beach County, with regional access to Florida’s Turnpike and I-95. Royal Palm Beach is described as a suburban community connected to employment centers in West Palm Beach and broader county employment across healthcare, education, retail, and professional services.
The address places the unit in Palm Beach County, with regional access to Florida’s Turnpike and I-95. Royal Palm Beach is described as a suburban community connected to employment centers in West Palm Beach and broader county employment across healthcare, education, retail, and professional services.
Key Highlights
- 2,400‑square‑foot industrial condominium unit
- Unit 36 at 581 105th Ave N, Royal Palm Beach, FL 33411
- IG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,910
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,200
$518.2K
Cap Rate 7%
$370,143
$370.1K
Cap Rate 9%
$287,889
$287.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$39.2K $16.32/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$37.0K $15.42/SF
− OpEx
−$11.1K −$4.63/SF
NOI
$25.9K $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 Rate 5%
$518,200
Cap Rate 7%
$370,143
Cap Rate 9%
$287,889
Alternative Uses
Best Use
Industrial
$370.1K
$323.9K – $431.8K
NOI $25,910 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,315 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - IG-zoned industrial condominium unit in a 2007 building at 581 105th Ave N.
Where is this industrial property located?
The property is located at 581 105th Ave N Unit 36 Royal Palm Beach, FL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 2,400‑square‑foot industrial condominium unit; Unit 36 at 581 105th Ave N, Royal Palm Beach, FL 33411; IG zoning
