Corner Office Unit with Wraparound
For Sale
$395,000
4524 Gun Club Rd Unit 203, West Palm Beach, FL 33415
UC zoning supports professional office, medical, and executive suite uses.
Property Size2,172 SF
Price / SF$181.86
Days on Market30
Property Features for 4524 Gun Club Rd Unit 203
General Information
Standard status
Active
Size
2,172 SF
Elevators
Yes
Zoning
UC
Additional Details
Floor
Penthouse
Amenities
lush courtyard
updated bathrooms
Building Details
Year Built
1985
Listing Agency:
Continental Properties, Inc.
Listed By:
Julie L Clapp · License #3268440
(561) 689-4766
Source:
Chenoregroup
Added: Sep 7
Changed: Oct 1
Last Checked: Oct 5 at 9:20PM
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 Continental Properties, Inc.
Investment Insights
Based on property information with market context.
This penthouse office condominium occupies a corner position and provides office space with wraparound windows. The 1985 building includes an elevator, maintained common areas, a courtyard, and updated bathrooms serving the property. These features provide a defined office setting with common-area maintenance handled by the building.
UC zoning supports professional office, medical, and executive suite uses. Located at 4524 Gun Club Rd, Unit 203, in West Palm Beach, Florida, the property has reported exposure to over 44,000 cars per day. Its configuration and zoning accommodate the office-oriented business formats identified for the property.
UC zoning supports professional office, medical, and executive suite uses. Located at 4524 Gun Club Rd, Unit 203, in West Palm Beach, Florida, the property has reported exposure to over 44,000 cars per day. Its configuration and zoning accommodate the office-oriented business formats identified for the property.
Key Highlights
- Penthouse corner office unit
- Wraparound windows provide broad exterior exposure
- Reported exposure to over 44,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,378
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,560
$607.6K
Cap Rate 7%
$433,971
$434.0K
Cap Rate 9%
$337,533
$337.5K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$54.7K $25.20/SF
− Vacancy
−$4.1K −$1.89/SF
EGI
$50.6K $23.31/SF
− OpEx
−$20.3K −$9.32/SF
NOI
$30.4K $13.99/SF
Area
West Palm Beach, FL
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,560
Cap Rate 7%
$433,971
Cap Rate 9%
$337,533
Alternative Uses
Best Use
Office B
$1.08M
$946.4K – $1.26M
NOI $75,713 @ 7.0% cap · market cap 19.17%
Second Best
Healthcare Medical
$434.0K
$379.7K – $506.3K
NOI $30,378 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,075 @ 7.0% cap · market cap 27.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - UC zoning supports professional office, medical, and executive suite uses.
Where is this office units located?
The property is located at 4524 Gun Club Rd Unit 203 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Penthouse corner office unit; Wraparound windows provide broad exterior exposure; Reported exposure to over 44,000 cars per day
