Industrial Warehouse For
For Sale
$11,750,000
1500 High Rdg Rd, Boynton Beach, FL 33426
Industrial warehouse property offering substantial space for manufacturing, storage, and light distribution users.
Property Size63,663 SF
Price / SF$184.57
Days on Market69
Property Features for 1500 High Rdg Rd
General Information
Standard status
Active
Size
63,663 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$176,689
Building Details
Building Size
63,663 SF
Year Built
1962
Stories
2
Units
1
Listing Agency:
Douglas Elliman
(561) 719-9868
Listed By:
Shannon Ramirez · License #3631203
(561) 719-9868
Source:
Elliman
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 21 at 10:59AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This For Sale industrial warehouse totals 63,663 square feet, offering a substantial, flexible platform for businesses that need dedicated space for operations. The property is presented as industrial real estate, aligning with users seeking warehouse-oriented functionality within a larger footprint.
The asset is located at 1500 High Ridge Road in Boynton Beach, Florida. As an industrial property, it is suited to tenants and owners looking for warehouse space designed to support day-to-day operational needs, whether for storage, fulfillment, or other industrial uses.
With its large size, the building can support a range of warehouse-based business requirements, including storage and distribution-focused operations. Prospective tenants and buyers can evaluate the facility as a straightforward industrial option for accommodating current needs while providing room to scale within the same warehouse footprint. This is a direct sales opportunity for industrial space in Boynton Beach.
The asset is located at 1500 High Ridge Road in Boynton Beach, Florida. As an industrial property, it is suited to tenants and owners looking for warehouse space designed to support day-to-day operational needs, whether for storage, fulfillment, or other industrial uses.
With its large size, the building can support a range of warehouse-based business requirements, including storage and distribution-focused operations. Prospective tenants and buyers can evaluate the facility as a straightforward industrial option for accommodating current needs while providing room to scale within the same warehouse footprint. This is a direct sales opportunity for industrial space in Boynton Beach.
Key Highlights
- Industrial warehouse building built in 1962
- 63,663 SF industrial property
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
$834,561
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
7.10%
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%
$16,691,220
$16.7M
Cap Rate 7%
$11,922,300
$11.9M
Cap Rate 9%
$9,272,900
$9.3M
Market Conditions
NOI Build-Up for 63,663 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
$1.04M $16.32/SF
− Vacancy
−$57.1K −$0.90/SF
EGI
$981.8K $15.42/SF
− OpEx
−$147.3K −$2.31/SF
NOI
$834.6K $13.11/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$16,691,220
Cap Rate 7%
$11,922,300
Cap Rate 9%
$9,272,900
Alternative Uses
Best Use
Flex RnD
$20.00M
$17.50M – $23.34M
NOI $1,400,331 @ 7.0% cap · market cap 11.92%
Second Best
Warehouse
$11.92M
$10.43M – $13.91M
NOI $834,561 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$44.84M
$39.23M – $52.31M
NOI $3,138,453 @ 7.0% cap · market cap 26.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial warehouse property offering substantial space for manufacturing, storage, and light distribution users.
Where is this flex space located?
The property is located at 1500 High Rdg Rd Boynton Beach, FL.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: Industrial warehouse building built in 1962; 63,663 SF industrial property
