Retail Property with Open
For Sale
Contact for pricing
2154 Zip Code Pl, West Palm Beach, FL 33409
Retail property featuring an open floor plan and ample parking.
Property Size91,783 SF
Price / SF$0.00
Days on Market339
Property Features for 2154 Zip Code Pl
General Information
Standard status
Active
Size
91,783 SF
Class
C
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
91,783 SF
Year Built
1988
Properties For Sale
at 2154 Zip Code Pl
Unit 4
Size
1,992 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
NAI Miami HQ
Listed By:
Craig Merlin · License #3456212
(305) 987-4401
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Oct 25
Last Checked: Oct 26 at 1:25PM
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 NAI Miami HQ
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Investment Insights
Based on property information with market context.
This retail property offers an open floor plan and affordable lease rates. Ample parking is available. The zoning is flexible, and customizable build-out options are possible. The property is located in a growing market with convenient access and a dense retail area. There is a prominent signage opportunity. The property size is 91783 square feet.
Key Highlights
- Affordable lease rates make this space an attractive opportunity.
- Flexible zoning allows for a variety of business types.
- Customizable build‑out options to create the perfect space for your needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,297,555
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,951,100
$26.0M
Cap Rate 7%
$18,536,500
$18.5M
Cap Rate 9%
$14,417,278
$14.4M
Market Conditions
NOI Build-Up for 91,783 SF
Gross rent
$1.98M $21.60/SF
− Vacancy
−$128.9K −$1.40/SF
EGI
$1.85M $20.20/SF
− OpEx
−$556.1K −$6.06/SF
NOI
$1.30M $14.14/SF
Area
West Palm Beach, FL
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,951,100
Cap Rate 7%
$18,536,500
Cap Rate 9%
$14,417,278
Alternative Uses
Best Use
Retail
$18.54M
$16.22M – $21.63M
NOI $1,297,555 @ 7.0% cap · market cap 5,897,977.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$64.64M
$56.56M – $75.41M
NOI $4,524,711 @ 7.0% cap · market cap 20,566,868.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,994
Businesses Nearby
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Business Placement
Demographics for 33409, FL
33,061
Population
13,715
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
80%
High-School Grad
6.3 sq mi
ZIP Area
5,248
Density / Sq Mi
$65,206
Median Household Income
$34,994
Median Earnings
$1,633
Median Rent
$282,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property featuring an open floor plan and ample parking.
Where is this retail property located?
The property is located at 2154 Zip Code Pl West Palm Beach, FL.
What are key features of this property?
This property features: Affordable lease rates make this space an attractive opportunity.; Flexible zoning allows for a variety of business types.; Customizable build‑out options to create the perfect space for your needs.
