Office Unit with Natural
For Sale
Contact for pricing
2200 NW CORPORATE Boulevard NW #412, Boca Raton, FL 33431
Professional office space offers abundant daylight, covered parking, and connectivity near I-95 and Military Trail.
Property Size2,200 SF
Price / SF$2.92
Days on Market100
Property Features for 2200 NW CORPORATE Boulevard NW #412
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1987
Listing Agency:
LPR Properties LLC
(561) 287-7247
Listed By:
Julian Rizzuto Flancbaum · License #3539820
(732) 330-4000
Source:
Lehmannflorida
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 4 at 3:26PM
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 LPR Properties LLC
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Investment Insights
Based on property information with market context.
Office Unit 412 provides 2,200 square feet of professional workspace within a building completed in 1987. Interior areas receive natural light, while available T-1 service and covered parking support day-to-day office operations. The property is suited to professional users seeking a dedicated office setting in the Glades Road business corridor.
The building sits one block from Glades Road, with access to Military Trail and a location approximately one minute from I-95. Restaurants and shops are nearby, adding convenience for employees and visitors. The surrounding property includes offices occupied by national and regional law firms and other professional groups.
The building sits one block from Glades Road, with access to Military Trail and a location approximately one minute from I-95. Restaurants and shops are nearby, adding convenience for employees and visitors. The surrounding property includes offices occupied by national and regional law firms and other professional groups.
Key Highlights
- 2,200 SF office unit
- Unit 412 in a building built in 1987
- Natural light throughout the office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,311
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,220
$1.2M
Cap Rate 7%
$833,014
$833.0K
Cap Rate 9%
$647,900
$647.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$100.3K $45.60/SF
− Vacancy
−$22.6K −$10.26/SF
EGI
$77.7K $35.34/SF
− OpEx
−$19.4K −$8.84/SF
NOI
$58.3K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,220
Cap Rate 7%
$833,014
Cap Rate 9%
$647,900
Alternative Uses
Best Use
Office B
$833.0K
$728.9K – $971.9K
NOI $58,311 @ 7.0% cap · market cap 908.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,455 @ 7.0% cap · market cap 1,690.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space offers abundant daylight, covered parking, and connectivity near I-95 and Military Trail.
Where is this office unit located?
The property is located at 2200 NW CORPORATE Boulevard NW #412 Boca Raton, FL.
What are key features of this property?
This property features: 2,200 SF office unit; Unit 412 in a building built in 1987; Natural light throughout the office spaces
