First-Floor Office
For Sale
$469,900
221 GREENWICH Circle, Jupiter, FL
Commercial Sale, Jupiter, FL
Property Size861 SF
Lot Size1.00 Acre
Price / SF$545.76
Days on Market51
Property Features for 221 GREENWICH Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Parking
2
Directions
Turn right into Geeenwich Cir Last unit on the left
Subdivision
5330
Standard status
Active
APN
30424124280060010
Size
861 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
GREENWICH COMMERCIAL CONDO COMMERCIAL UNIT 1 BLDG 6 IN OR22510P1622
Tax Annual Amount
5325
HOA Fee
$2,090 Quarterly
Legal Description
GREENWICH COMMERCIAL CONDO COMMERCIAL UNIT 1 BLDG 6 IN OR22510P1622
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
3
Number of units
1
Building materials
Concrete
Roof type
Tile
Listing Agency:
Keller Williams Realty Of The
(772) 419-0400
Listed By:
David G Weiler · License #321407
(561) 309-5533
Added: Jul 27
Changed: Sep 14
Last Checked: Sep 15 at 3:06AM
MLS# B26057168
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 861-square-foot office unit occupies the first floor of a concrete building completed in 2008. The end-unit configuration provides side windows, while central heating and central air conditioning support year-round interior comfort. The property includes exterior parking outside the unit and is served by public water and public sewer. A tile roof completes the building’s primary construction profile.
Located in Jupiter in Palm Beach County, the property carries commercial zoning and is offered for sale. Its office configuration, ground-level placement, and dedicated parking arrangement provide a straightforward setting for professional use.
Located in Jupiter in Palm Beach County, the property carries commercial zoning and is offered for sale. Its office configuration, ground-level placement, and dedicated parking arrangement provide a straightforward setting for professional use.
Key Highlights
- 861 SF first‑floor office unit
- End‑unit layout with side windows
- Exterior parking located outside the unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,420
$456.4K
Cap Rate 7%
$326,014
$326.0K
Cap Rate 9%
$253,567
$253.6K
Market Conditions
NOI Build-Up for 861 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.3K $45.60/SF
− Vacancy
−$8.8K −$10.26/SF
EGI
$30.4K $35.34/SF
− OpEx
−$7.6K −$8.84/SF
NOI
$22.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,420
Cap Rate 7%
$326,014
Cap Rate 9%
$253,567
Alternative Uses
Best Use
Office B
$326.0K
$285.3K – $380.4K
NOI $22,821 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.4K
$530.6K – $707.4K
NOI $42,446 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - End-unit office space with side windows, dedicated exterior parking, and commercial zoning.
Where is this office units located?
The property is located at 221 GREENWICH Circle Jupiter, FL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 861 SF first‑floor office unit; End‑unit layout with side windows; Exterior parking located outside the unit
