Climate-Controlled Car Condo
For Sale
$635,000
15375 Corporate Rd 17, Jupiter, FL 33478
Climate-controlled warehouse suite with a 15' x 15' roll-up garage door and 22' clear ceiling height.
Property Size1,375 SF
Price / SF$461.82
Days on Market47
Property Features for 15375 Corporate Rd 17
General Information
Standard status
Active
Size
1,375 SF
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Building Details
Tenancy
Multi
Listing Agency:
Coral International Realty
Listed By:
Robert Zinzell JR · License #3270023
(305) 562-6848
Source:
Chenoregroup
Added: Jul 21
Changed: Sep 3
Last Checked: Sep 5 at 11:54AM
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 Coral International Realty
Investment Insights
Based on property information with market context.
This climate-controlled car condo warehouse suite is designed for specialty storage and includes demising walls of CBS block, a steel roof deck with insulation board, and LED lighting. The space offers a 22' clear ceiling height and a 15' x 15' roll-up garage door for convenient access. Hurricane-rated exterior doors and windows are included, along with a package roof-mounted HVAC system. Plumbing stub-ups for a bathroom with shower and domestic water are provided, and the unit is served by a 150-amp panel.
The property is part of Auto ClubHouse Palm Beach, described as a gated and secure luxury car condo warehouse community within the Palm Beach Park of Commerce. The community is noted to accommodate collector and exotic cars and also references storage for boats up to 45' and Prevost buses/RVs.
The suite includes a floor drain for RV/motorhome use and is described as ready now. Multiple buildout options are indicated as available.
The property is part of Auto ClubHouse Palm Beach, described as a gated and secure luxury car condo warehouse community within the Palm Beach Park of Commerce. The community is noted to accommodate collector and exotic cars and also references storage for boats up to 45' and Prevost buses/RVs.
The suite includes a floor drain for RV/motorhome use and is described as ready now. Multiple buildout options are indicated as available.
Key Highlights
- Climate‑controlled luxury car condo warehouse suite in a gated, secure community
- Each warehouse is 1,375 SF (55' x 25') with a 15' x 15' roll‑up garage door
- 22' clear ceiling height with hurricane‑rated exterior doors and windows
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
$18,025
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
2.84%
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%
$360,500
$360.5K
Cap Rate 7%
$257,500
$257.5K
Cap Rate 9%
$200,278
$200.3K
Market Conditions
NOI Build-Up for 1,375 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
$22.4K $16.32/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$21.2K $15.42/SF
− OpEx
−$3.2K −$2.31/SF
NOI
$18.0K $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%
$360,500
Cap Rate 7%
$257,500
Cap Rate 9%
$200,278
Alternative Uses
Best Use
Warehouse
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$968.4K
$847.3K – $1.13M
NOI $67,785 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33478, FL
14,740
Population
5,771
Households
2.6
Avg Household Size
47
Median Age
47%
College-Educated
96%
High-School Grad
64.6 sq mi
ZIP Area
228
Density / Sq Mi
$142,109
Median Household Income
$57,688
Median Earnings
$2,701
Median Rent
$653,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Eminent Auto Group — 15074 Park of Commerce Blvd STE 20, Jupiter, FL 33478
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse suite with a 15' x 15' roll-up garage door and 22' clear ceiling height.
Where is this warehouse located?
The property is located at 15375 Corporate Rd 17 Jupiter, FL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Climate‑controlled luxury car condo warehouse suite in a gated, secure community; Each warehouse is 1,375 SF (55' x 25') with a 15' x 15' roll‑up garage door; 22' clear ceiling height with hurricane‑rated exterior doors and windows
