Renovated Office/Warehouse Flex
For Sale
$1,895,000
1728 CORPORATE Drive, Boynton Beach, FL 33426
Renovated flex space combines finished offices with conditioned warehouse capacity.
Property Size3,965 SF
Price / SF$477.93
Days on Market50
Property Features for 1728 CORPORATE Drive
General Information
Standard status
Active
Size
3,965 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
2,409 SF
Drive-In Doors
1
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$22,021
Building Details
Building Size
3,965 SF
Year Built
2005
Construction
concrete
Listing Agency:
Luxury Listings Realty LLC
Listed By:
Jay J Carrier · License #3353050
(561) 441-7100
Source:
Meyerlucas
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 3 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 Luxury Listings Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2005, this 3,965-square-foot flex property combines renovated office improvements with a dedicated warehouse area. The 2,409-square-foot air-conditioned warehouse has 22-foot clear ceilings, a 20-foot grade-level overhead door, new LED high-bay lighting, and 3-phase power. Concrete construction, new AC units, and a new bathroom support ongoing commercial use.
The office component includes a first-floor executive office and reception area with natural light, plus two private second-floor offices and a kitchenette. The property is positioned minutes from I-95, with tractor-trailer access suited to distribution, commercial, and service operations. A five-year new roof assessment has been paid in full.
The office component includes a first-floor executive office and reception area with natural light, plus two private second-floor offices and a kitchenette. The property is positioned minutes from I-95, with tractor-trailer access suited to distribution, commercial, and service operations. A five-year new roof assessment has been paid in full.
Key Highlights
- 3,965 SF flex property with renovated office and warehouse areas
- 2,409 SF air‑conditioned warehouse with 22‑foot clear ceilings
- 20‑foot grade‑level overhead door with tractor‑trailer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,214
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,280
$1.7M
Cap Rate 7%
$1,245,914
$1.2M
Cap Rate 9%
$969,044
$969.0K
Market Conditions
NOI Build-Up for 3,965 SF
Gross rent
$142.7K $36.00/SF
− Vacancy
−$8.6K −$2.16/SF
EGI
$134.2K $33.84/SF
− OpEx
−$47.0K −$11.84/SF
NOI
$87.2K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,280
Cap Rate 7%
$1,245,914
Cap Rate 9%
$969,044
Alternative Uses
Best Use
Flex RnD
$1.25M
$1.09M – $1.45M
NOI $87,214 @ 7.0% cap · market cap 4.60%
Second Best
Warehouse
$742.5K
$649.7K – $866.3K
NOI $51,977 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,466 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chez Gourmet Catering — 1716 Corporate Dr, Boynton Beach, FL 33426
- B J Catering — Home Depot, 1470 SW 8th St A1, Boynton Beach, FL 33426
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space combines finished offices with conditioned warehouse capacity.
Where is this flex space located?
The property is located at 1728 CORPORATE Drive Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 3,965 SF flex property with renovated office and warehouse areas; 2,409 SF air‑conditioned warehouse with 22‑foot clear ceilings; 20‑foot grade‑level overhead door with tractor‑trailer access
