Small Strip Center Retail
For Sale
Contact for pricing
1403 W Boynton Beach Blvd 1, Boynton Beach, FL 33426
Retail suites in a small active strip center with individual water and electric meters and private bath/toilet.
Property Size20,700 SF
Days on Market183
Property Features for 1403 W Boynton Beach Blvd 1
General Information
Standard status
Active
Size
20,700 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$94,612
Building Details
Building Size
20,700 SF
Year Built
1974
Listed By:
Robert Bosso
(561) 626-3469
Source:
Elliman
Added: Apr 24
Changed: Oct 14
Last Checked: Oct 23 at 9:44AM
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 Robert Bosso
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Investment Insights
Based on property information with market context.
This small, active strip center offers retail space with a practical, self-contained unit setup. Each unit is equipped with individual water and electric meters, along with a private bath/toilet.
The property is positioned for straightforward commuting with easy access to I-95, and it’s described as being in the heart of Boynton Beach. WalkScore is 7, indicating a car-dependent setting, while BikeScore is 28, suggesting some limited bikeability.
For tenants and buyers looking for manageable, individually meterted retail suites within a compact center, the on-site unit configuration is a key feature.
The property is positioned for straightforward commuting with easy access to I-95, and it’s described as being in the heart of Boynton Beach. WalkScore is 7, indicating a car-dependent setting, while BikeScore is 28, suggesting some limited bikeability.
For tenants and buyers looking for manageable, individually meterted retail suites within a compact center, the on-site unit configuration is a key feature.
Key Highlights
- Small active strip center in the heart of Boynton Beach
- Retail suites feature individual water and electric meters per unit
- Each unit includes a private bath/toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,000,400
$7.0M
Cap Rate 7%
$5,000,286
$5.0M
Cap Rate 9%
$3,889,111
$3.9M
Market Conditions
NOI Build-Up for 20,700 SF
Gross rent
$546.5K $26.40/SF
− Vacancy
−$46.5K −$2.24/SF
EGI
$500.0K $24.16/SF
− OpEx
−$150.0K −$7.25/SF
NOI
$350.0K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,000,400
Cap Rate 7%
$5,000,286
Cap Rate 9%
$3,889,111
Alternative Uses
Best Use
Retail
$5.00M
$4.38M – $5.83M
NOI $350,020 @ 7.0% cap · market cap 11,667.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.58M
$12.76M – $17.01M
NOI $1,020,467 @ 7.0% cap · market cap 34,015.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 33426, FL
25,155
Population
12,500
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,124
Density / Sq Mi
$76,328
Median Household Income
$43,992
Median Earnings
$1,981
Median Rent
$298,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail suites in a small active strip center with individual water and electric meters and private bath/toilet.
Where is this strip mall located?
The property is located at 1403 W Boynton Beach Blvd 1 Boynton Beach, FL.
What are key features of this property?
This property features: Small active strip center in the heart of Boynton Beach; Retail suites feature individual water and electric meters per unit; Each unit includes a private bath/toilet
