Office Building with Central
For Sale
$1,600,000
1402 Royal Palm Beach Boulevard Unit 300, Royal Palm Beach, FL 33411
Office property with central air, constructed in 2000, beside McDonald’s on Royal Palm Beach Boulevard.
Property Size3,864 SF
Days on Market279
Property Features for 1402 Royal Palm Beach Boulevard Unit 300
General Information
Standard status
Active
Size
3,864 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$18,081
Building Details
Building Size
3,864 SF
Year Built
2000
Listing Agency:
RE/MAX Prestige Realty/RPB
Listed By:
Patrick P Kavanagh PA · License #603116
(561) 398-0265
Source:
Meyerlucas
Added: Jan 12
Changed: Oct 17
Last Checked: Oct 16 at 4:30PM
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 RE/MAX Prestige Realty/RPB
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Investment Insights
Based on property information with market context.
This office property at 1402 Royal Palm Beach Boulevard, Suite 300, was constructed in 2000 and includes central air and central heating. The building is positioned on Royal Palm Beach Boulevard, just north of Okeechobee Boulevard and beside McDonald’s.
The property is located in Royal Palm Beach, within Palm Beach County, providing a clearly identified office address along a major local boulevard. Its existing central climate systems support a practical office environment.
The property is located in Royal Palm Beach, within Palm Beach County, providing a clearly identified office address along a major local boulevard. Its existing central climate systems support a practical office environment.
Key Highlights
- Office property at 1402 Royal Palm Beach Boulevard, Suite 300
- Constructed in 2000
- Central air and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,415
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,300
$2.0M
Cap Rate 7%
$1,463,071
$1.5M
Cap Rate 9%
$1,137,944
$1.1M
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$176.2K $45.60/SF
− Vacancy
−$39.6K −$10.26/SF
EGI
$136.6K $35.34/SF
− OpEx
−$34.1K −$8.84/SF
NOI
$102.4K $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 Rate 5%
$2,048,300
Cap Rate 7%
$1,463,071
Cap Rate 9%
$1,137,944
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,415 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,487 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,026
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with central air, constructed in 2000, beside McDonald’s on Royal Palm Beach Boulevard.
Where is this office building located?
The property is located at 1402 Royal Palm Beach Boulevard Unit 300 Royal Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Office property at 1402 Royal Palm Beach Boulevard, Suite 300; Constructed in 2000; Central air and central heating
