Jupiter Flex/Industrial Condo
For Sale
$950,000
1460 S Cypress Dr 5 6 7 8 9, Jupiter, FL 33469
Five remodeled flex/industrial condo units totaling 2,700 SF.
Property Size2,518 SF
Lot Size0.38 Acres
Days on Market267
Property Features for 1460 S Cypress Dr 5 6 7 8 9
General Information
Standard status
Active
Size
2,518 SF
Lot size
0.38 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,578
Building Details
Building Size
2,518 SF
Year Built
1992
Stories
1
Units
5
Listing Agency:
The Keyes Company
(561) 789-7726
Listed By:
David C Joseph Jr. · License #B26065679
(561) 789-7726
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 21 at 11:58AM
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.
Five flex/industrial condo units, totaling 2,700 square feet, are available for purchase. The units are located within an 8,580 square foot building in Jupiter's industrial corridor. Each unit features an overhead door and individual electric service. The ceiling height is 12 feet. Bathroom hookups are available in multiple areas. The units have been remodeled with new paint, walls, and flooring, and are move-in ready. The property offers a combination of office, showroom, and warehouse space suitable for multiple business uses. The potential rental income from the five units could be $67,500 per year or $5,625.00 monthly.
Key Highlights
- 2,700 SF of combined flex/industrial condo space.
- Potential rental income of $67,500 per year.
- Located in Jupiter's thriving industrial corridor.
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
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
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 - Five remodeled flex/industrial condo units totaling 2,700 SF.
Where is this flex space located?
The property is located at 1460 S Cypress Dr 5 6 7 8 9 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: 2,700 SF of combined flex/industrial condo space.; Potential rental income of $67,500 per year.; Located in Jupiter's thriving industrial corridor.
