Industrial Building with Office
New
For Sale
Contact for pricing
1500 53rd Street, West Palm Beach, FL 33407
Metal construction, industrial zoning, grade-level loading, and heavy three-phase power support a range of industrial operations.
Property Size10,460 SF
Price / SF$0.00
Days on Market2
Property Features for 1500 53rd Street
General Information
Standard status
Active
Size
10,460 SF
Property subtype
Industrial
Zoning
IG
Warehouse & Industrial
Office Build-Out
1,000 SF
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
10,460 SF
Construction
Metal with Metal Roof system
Listing Agency:
CBRE | Palm Beach County
Listed By:
Robert Smith · License #247809
(561) 707-5558
Source:
Cbre
Added: Oct 24
Last Checked: Oct 24 at 2:59PM
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 CBRE | Palm Beach County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The industrial property contains approximately 10,460 square feet, including about 1,000 square feet of office space. Metal construction and a metal roof form the building envelope, with grade-level loading and a fully sprinklered interior.
The property is zoned IG and has heavy three-phase power, providing key infrastructure for industrial use.
The property is zoned IG and has heavy three-phase power, providing key infrastructure for industrial use.
Key Highlights
- Approximately 10,460 SF of building area, including ±1,000 SF of office space
- IG zoning
- Grade‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,805
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,596,100
$3.6M
Cap Rate 7%
$2,568,643
$2.6M
Cap Rate 9%
$1,997,833
$2.0M
Market Conditions
NOI Build-Up for 19,602 SF
Gross rent
$282.3K $14.40/SF
− Vacancy
−$25.4K −$1.30/SF
EGI
$256.9K $13.10/SF
− OpEx
−$77.1K −$3.93/SF
NOI
$179.8K $9.17/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,596,100
Cap Rate 7%
$2,568,643
Cap Rate 9%
$1,997,833
Alternative Uses
Best Use
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,335 @ 7.0% cap · market cap 1,898,565.22%
Second Best
Industrial
$2.57M
$2.25M – $3.00M
NOI $179,805 @ 7.0% cap · market cap 1,563,521.74%
Theoretical Best
Office A
$13.80M
$12.08M – $16.11M
NOI $966,338 @ 7.0% cap · market cap 8,402,939.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Metal construction, industrial zoning, grade-level loading, and heavy three-phase power support a range of industrial operations.
Where is this industrial property located?
The property is located at 1500 53rd Street West Palm Beach, FL.
What are key features of this property?
This property features: Approximately 10,460 SF of building area, including ±1,000 SF of office space; IG zoning; Grade‑level loading
