Building Details

Year Built 1989

Listing Agency: Florida Landmark Properties Show Phone

Listed By: Joseph P. Atkinson · License #B26062603 Show Phone

Source: Lehmannflorida

Added: Aug 10 Changed: Oct 16 Last Checked: Oct 16 at 8:07AM

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Investment Insights

Based on property information with market context.

Built in 1989, this warehouse property offers a commercial shell that can be customized for office use, vehicle storage, or distribution operations. The adaptable format supports multiple business configurations while preserving the building’s industrial function.

The property is located at 220 Venus St 6 in Jupiter, Florida. WalkScore is 70, classified as Somewhat Walkable, and BikeScore is 69, classified as Bikeable.

Key Highlights

• Warehouse building constructed in 1989
• Customization potential for office, vehicle storage, or distribution use
• 220 Venus St 6, Jupiter, FL 33458

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,116

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,320 $422.3K

Cap Rate 7%

$301,657 $301.7K

Cap Rate 9%

$234,622 $234.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 960 SF

Gross rent

$34.6K $36.00/SF

− Vacancy

−$2.1K −$2.16/SF

EGI

$32.5K $33.84/SF

− OpEx

−$11.4K −$11.84/SF

NOI

$21.1K $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%

$422,320

Cap Rate 7%

$301,657

Cap Rate 9%

$234,622

Alternative Uses

Best Use

Flex RnD

$301.7K

$264.0K – $351.9K (±1% cap)

NOI $21,116 @ 7.0% cap · market cap 4.45%

Second Best

Warehouse

$179.8K

$157.3K – $209.8K (±1% cap)

NOI $12,585 @ 7.0% cap · market cap 2.65%

Theoretical Best

Office A

$676.1K

$591.6K – $788.8K (±1% cap)

NOI $47,326 @ 7.0% cap · market cap 9.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tradesmen Quality Plastering Hardware & Home Improvement Tony Rodrigues Metal ... Hardware & Home Improvement Dave's Dental Lab Dental Office Nature's Irrigation General Contractor Vantage Computer System, ... Telecommunications Service

Suggested Use

Top Pick Parking Lot & Garage Locksmith Daycare Center (Bike/Boat/Book/etc) Store Catering Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,703

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33458, FL

55,083

Population

23,121

Households

2.4

Avg Household Size

41

Median Age

49%

College-Educated

92%

High-School Grad

20.4 sq mi

ZIP Area

2,700

Density / Sq Mi

$107,626

Median Household Income

$48,448

Median Earnings

$2,090

Median Rent

$550,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• self storage — 175 toney penna dr, jupiter, fl 33458
• East Coast Towing & Transport — 125 Venus St, Jupiter, FL 33458
• Center Park Storage — 115 Banyan St, Jupiter, FL 33458
• Center Park Self Storage Bldg B — 115 banyan st, jupiter, fl 33458
• Integrity Marine — 1095 Florida A1A, Jupiter, FL 33477

Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse space suited for office, vehicle storage, or distribution customization.

Where is this warehouse located?

The property is located at 220 VENUS Street Unit 6 Jupiter, FL.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Warehouse building constructed in 1989; Customization potential for office, vehicle storage, or distribution use; 220 Venus St 6, Jupiter, FL 33458