Two-Story Industrial
For Sale
Contact for pricing
1500 Nw Park Ridge Blvd, Boynton Beach, FL 33426
Two-story industrial warehouse on 3.74 acres, built in 1962 and offered for sale as a single unit.
Property Size63,663 SF
Lot Size3.74 Acres
Price / SF$184.57
Days on Market109
Property Features for 1500 Nw Park Ridge Blvd
General Information
Standard status
Active
Size
63,663 SF
Lot size
3.74 Acres
Property subtype
INDUSTRIAL
Building Details
Year Built
1962
Stories
2
Listing Agency:
Douglas Elliman
Listed By:
Shannon Ramirez · License #3631203
(561) 719-9868
Source:
Moodyscre
Added: Jul 20
Changed: Nov 4
Last Checked: Nov 4 at 1:59PM
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 Douglas Elliman
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story industrial warehouse totals 63,663 square feet and is offered for sale as one unit. The building was constructed in 1962 and sits on a 3.74-acre lot.
The property is located at 1500 NW Park Ridge Blvd in Boynton Beach, Florida. Public remarks also indicate monthly tax of $14,724.
With a compact configuration of one rentable unit across two levels, the building may appeal to industrial users seeking a single, contiguous facility within a defined parcel size.
The property is located at 1500 NW Park Ridge Blvd in Boynton Beach, Florida. Public remarks also indicate monthly tax of $14,724.
With a compact configuration of one rentable unit across two levels, the building may appeal to industrial users seeking a single, contiguous facility within a defined parcel size.
Key Highlights
- Two‑story industrial warehouse on 3.74 private acres
- Total building size: 63,663 SF
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$834,561
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$16,691,220
Cap Rate 7%
$11,922,300
Cap Rate 9%
$9,272,900
Alternative Uses
Best Use
Warehouse
$11.92M
$10.43M – $13.91M
NOI $834,561 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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
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- Star Alliance Movers, LLC — 2500 quantum lakes dr ste 203, boynton beach, fl 33426
- BIGBOIMOVERS LLC — 2031 NE 1st Way, Boynton Beach, FL 33435
Frequently Asked Questions
What type of property is this?
Warehouse - Two-story industrial warehouse on 3.74 acres, built in 1962 and offered for sale as a single unit.
Where is this warehouse located?
The property is located at 1500 Nw Park Ridge Blvd 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: Two‑story industrial warehouse on 3.74 private acres; Total building size: 63,663 SF; Built in 1962
