Flex Space with Warehouse
For Sale
$299,999
16-3905 Investment Ln, West Palm Beach, FL 33404
Individual commercial units offer varied configurations, with some spaces featuring private restrooms and existing improvements.
Property Size1,000 SF
Price / SF$299
Days on Market17
Property Features for 16-3905 Investment Ln
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Asking Price
$299,000
Property Use
Flex Warehouse
Taxes and HOA fees
Annual Taxes
$2,747
Listing Agency:
The Keyes Company
(954) 752-0900
Listed By:
Michael Crisp · License #3482963
(786) 494-6206
Source:
Exprealty
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 4:52PM
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 The Keyes Company
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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.
Individual flex-space units of approximately 1,000 square feet are available within a commercial complex at 3905 Investment Lane in West Palm Beach. Unit layouts vary; some include private restrooms and existing improvements. Several spaces are next to one another, while other units are located elsewhere in the complex.
Businesses operating in the property include roofing contractors, cabinet makers, specialty manufacturers, and automotive showroom and storage uses. An acrylic and plastics manufacturing business that has operated for more than 40 years occupies three units and may be acquired separately. Use of the units is subject to applicable zoning and association requirements.
Businesses operating in the property include roofing contractors, cabinet makers, specialty manufacturers, and automotive showroom and storage uses. An acrylic and plastics manufacturing business that has operated for more than 40 years occupies three units and may be acquired separately. Use of the units is subject to applicable zoning and association requirements.
Key Highlights
- Individual units are approximately 1,000 SF
- Some units include private restrooms and existing improvements
- Several units are adjacent; additional spaces are located throughout the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,138
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,760
$222.8K
Cap Rate 7%
$159,114
$159.1K
Cap Rate 9%
$123,756
$123.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.4K $14.40/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$13.1K $13.10/SF
− OpEx
−$2.0K −$1.97/SF
NOI
$11.1K $11.14/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,760
Cap Rate 7%
$159,114
Cap Rate 9%
$123,756
Alternative Uses
Best Use
Warehouse
$159.1K
$139.2K – $185.6K
NOI $11,138 @ 7.0% cap · market cap 3.71%
Second Best
Flex RnD
$140.4K
$122.9K – $163.8K
NOI $9,828 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 16.43%
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
900
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hugo's Gourmet Catering — 7535 Enterprise Dr, West Palm Beach, FL 33404
- Hugo's Gourmet Foods — 7535 enterprise dr #60, west palm beach, fl 33404
- Celebrity Chef B — 600 Sandtree Dr, Palm Beach Gardens, FL 33403
Frequently Asked Questions
What type of property is this?
Flex space - Individual commercial units offer varied configurations, with some spaces featuring private restrooms and existing improvements.
Where is this flex space located?
The property is located at 16-3905 Investment Ln West Palm Beach, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Individual units are approximately 1,000 SF; Some units include private restrooms and existing improvements; Several units are adjacent; additional spaces are located throughout the complex
