Remodeled Flex Space with Overhead
For Sale
$950,000
1460 S Cypress Drive Unit 5 6 7 8, Jupiter, FL 33469
Industrial-zoned condominium units combine open layouts with multiple electrical services and loading access.
Property Size8,580 SF
Price / SF$377.28
Days on Market1045
Property Features for 1460 S Cypress Drive Unit 5 6 7 8
General Information
Standard status
Active
Size
8,580 SF
Property subtype
Mixed Use
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
5
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,579
Amenities
A/C - Other
3
C4(cit
Building Details
Year Built
1992
Buildings
1
Building Size
8,580 SF
Listing Agency:
(561) 789-7726
Listed By:
The Keyes Company
(561) 789-7726
Source:
Xome
Added: Oct 21, 2023
Changed: Aug 29
Last Checked: Aug 29 at 5:31PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This flex-space offering combines five condominium units within a larger 8,580-square-foot building. The space provides open interiors, five overhead doors, five electric services, and bathroom hookups positioned in various areas. Each unit has a 12-foot ceiling height, while recent improvements include new paint, walls, and flooring. The property is presented in move-in-ready condition and supports a blend of office, showroom, and warehouse functions.
Located at 1460 S Cypress Drive in Jupiter, Florida, the property sits within an established industrial and flex-use corridor. Access to I-95 and the Florida Turnpike supports travel throughout Palm Beach County and the broader South Florida market. Industrial zoning and grade-level loading access add practical flexibility for commercial operations, while on-site parking and convenient ingress and egress support daily use.
Located at 1460 S Cypress Drive in Jupiter, Florida, the property sits within an established industrial and flex-use corridor. Access to I-95 and the Florida Turnpike supports travel throughout Palm Beach County and the broader South Florida market. Industrial zoning and grade-level loading access add practical flexibility for commercial operations, while on-site parking and convenient ingress and egress support daily use.
Key Highlights
- Five flex‑space condo units with open interiors
- Five overhead doors for grade‑level loading access
- Five electric services and bathroom hookups in various areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,386
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,107,720
$1.1M
Cap Rate 7%
$791,229
$791.2K
Cap Rate 9%
$615,400
$615.4K
Market Conditions
NOI Build-Up for 2,518 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.6K $36.00/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$85.2K $33.84/SF
− OpEx
−$29.8K −$11.84/SF
NOI
$55.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,107,720
Cap Rate 7%
$791,229
Cap Rate 9%
$615,400
Alternative Uses
Best Use
Flex RnD
$791.2K
$692.3K – $923.1K
NOI $55,386 @ 7.0% cap · market cap 5.83%
Second Best
Warehouse
$471.6K
$412.6K – $550.2K
NOI $33,009 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,132 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33469, FL
15,101
Population
8,284
Households
1.8
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$103,489
Median Household Income
$58,016
Median Earnings
$1,786
Median Rent
$552,500
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.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned condominium units combine open layouts with multiple electrical services and loading access.
Where is this flex space located?
The property is located at 1460 S Cypress Drive Unit 5 6 7 8 Jupiter, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five flex‑space condo units with open interiors; Five overhead doors for grade‑level loading access; Five electric services and bathroom hookups in various areas
