Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Space in High-Traffic Location Title is generated by Realmo AI

    1490 S Military Trl 9, West Palm Beach, FL 33415

    View on Map
    Claim this Listing
    For Lease
    $3,676 /Mo

    Adaptable commercial space suitable for various business types.

    Type:Commercial
    Added:
    Apr 1, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 1 at 4:30 am

    Property Features for 1490 S Military Trl 9

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Donna Galloway

    Listing agent Donna Galloway License #522949

    Listing office GOLDEN SANDS SOUTH FLORIDA REALTY INC

    Listing date Apr 1, 2026

    Source Elliman

    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 GOLDEN SANDS SOUTH FLORIDA REALTY INC

    HighLights

    • Price includes CAM, water, sewer, garbage, and taxes.
    • High traffic location: Over 150,000 cars pass by the center daily.
    • Versatile unit suitable for medical, childcare, retail, insurance, tax office, dental, real estate, call center, or private offices.
    • Ample parking with over 100 spaces.
    • Signage available.
    • Beautiful oversized courtyard setting.

    Overview

    This commercial space is situated in a location with high traffic, with over 150,000 cars passing by the center daily. The unit is suitable for medical, child care, retail, insurance, tax office, dental, real estate, call center, and private offices. The property features an oversized courtyard setting as an entry to the business. There are over 100 parking spaces available. Signage is also available. The price includes CAM, water, sewer, garbage, and taxes. The bike score is 41, indicating it is somewhat bikeable, and the walk score is 48, suggesting it is car-dependent.
    Location Intelligence

    Current Use by Public Records

    GALA RECEPTION HALL Hotel & Motel Coral Behavioral Services Crisis Center Kates kollections Discount Store Heaven Bound Deliverance ... Church Nails by karilin Nail Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1117741
    Latitude
    26.654924

    Nearby Similar for Lease

    • $2,400/Mo
      20,000 SF

      West Palm Beach Commercial Space

      Gated contractor's business park with flex office/warehouse space.
      2755 Vista Parkway, West Palm Beach, FL 33411
      View Details
    • $4,767/Mo
      2,382 SF

      West Palm Beach Medical Facility

      Double suite medical facility near Palm Beach Outlets.
      1501 Presidential Way, West Palm Beach, FL 33401
      View Details
    • $19 SF/Yr
      5,992 SF

      West Palm Beach Office Building

      Two-story office building in West Palm Beach with recent improvements.
      1700 Okeechobee Road, West Palm Beach, FL 33409
      View Details
    • $15,000/Mo
      9,232 SF

      Versatile Commercial Space, West Palm Beach

      Premier commercial destination with flexible office and warehouse space.
      4050 Westgate Avenue, West Palm Beach, FL 33409
      View Details
    • $1,000/Mo

      Luxury Office Suites in Downtown

      Class A office suites with panoramic views and premium amenities.
      515 N Flagler Dr, West Palm Beach, FL 33401
      View Details
    • $4,632/Mo
      880 SF

      West Palm Beach Live/Work Unit

      880 SF live/work unit with rooftop amenities.
      801 S Olive Avenue, West Palm Beach, FL 33401
      View Details
    • $23 SF/Yr
      1,248 SF

      West Palm Beach Commercial Space

      Move-in ready commercial space in West Palm Beach, Florida.
      9100 Belvedere Road, West Palm Beach, FL 33411
      View Details
    • $2,450/Mo
      1,301 SF

      West Palm Beach Flex Space

      Flex office and warehouse space with mezzanine and high ceilings.
      1000 Stinson Way, West Palm Beach, FL 33411
      View Details
    • $2,120/Mo
      1,156 SF

      West Palm Beach Commercial Space

      Medical/commercial space near amenities and major West Palm Beach locations.
      1501 Presidential Way, West Palm Beach, FL 33401
      View Details
    • $199,000 SF/Yr
      2,400 SF

      West Palm Beach Commercial Space

      2,400 sq ft commercial space in revitalizing West Palm Beach.
      2121 N Tamarind Avenue, West Palm Beach, FL 33407
      View Details
    • $26 SF/Yr
      29,967 SF

      West Palm Beach Retail Spaces

      Three retail spaces and one office space available for lease.
      3111 45th Street, West Palm Beach, FL 33407
      View Details
    • $2,400/Mo
      1,306 SF

      West Palm Beach Warehouse with Office

      Gated industrial park, versatile warehouse with office and elevator.
      2755 Vista Parkway, West Palm Beach, FL 33411
      View Details

    FAQs

    What type of property is this?
    Retail space - Adaptable commercial space suitable for various business types.
    Where is this retail space located?
    The property is located at 1490 S Military Trl 9 West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $3,676 /Mo.
    What are key features of this property?
    This property features: Price includes CAM, water, sewer, garbage, and taxes.; **High traffic location:** Over 150,000 cars pass by the center daily.; **Versatile unit suitable for medical, childcare, retail, insurance, tax office, dental, real estate, call center, or private offices.**
    (954) 588-1207
    We can help!
    Listing Contact
    Donna Galloway
    Real Estate License ID: 522949
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1490 S Military Trl 9, West Palm Beach, FL 33415
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!