Art Deco Live-Work Office
226 Palm Delray Beach, FL 33444
226 Palm, Delray Beach, FL, 33444
$6,000,000
For Sale
$6,000,000
Two-story freestanding building with impact glass, elevator, and a 14-car gated garage with EV chargers.
Property Size6,334 SF
Lot Size0.31 Acres
Price / SF$947.27
Days on Market194
Property Features for 226 Palm
General Information
- Standard status
- Active
- Size
- 6,334 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing agency
LEHMANN REALTY INC.
(561) 251-2697
Listed by
KURT GEORGE LEHMANN · License #R11139742
Source
Corcoran
Added: Jan 8 Updated: Jul 21 at 5:13AM Checked: Jul 21 at 5:13AM
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 LEHMANN REALTY INC.
Investment Insights
Based on property information with market context.
A contemporary Art Deco, free-standing two-story building designed for true live/work flexibility, with approx. 6,334 SF of interior space and approx. 10,248 SF total (including garage, decks, and storage). The property features floor-to-ceiling impact glass, high ceilings, post-tension construction, natural gas, 3-phase electrical service, a 130 KW generator, and a commercial-grade elevator connecting all levels. Interior space includes office and/or exam rooms, reception and waiting areas, and a breakroom, along with a one-bedroom, two-bath apartment with a full kitchen, living area, steam shower, and a private terrace with a spiral staircase to the rooftop. A rooftop deck is plumbed and ready for an outdoor kitchen, pool, or other outdoor use.
A gated covered garage accommodates up to 14 vehicles and includes EV charging. Security cameras are installed throughout, and the building has prominent signage on a highly visible George Bush Blvd corner. The property is described as within walking distance to restaurants, cafés, and the beach.
Additional material and mechanical details include impact glass and natural gas appliances, providing a cohesive package for combined professional space and residential use under one roof.
A gated covered garage accommodates up to 14 vehicles and includes EV charging. Security cameras are installed throughout, and the building has prominent signage on a highly visible George Bush Blvd corner. The property is described as within walking distance to restaurants, cafés, and the beach.
Additional material and mechanical details include impact glass and natural gas appliances, providing a cohesive package for combined professional space and residential use under one roof.
Key Highlights
- 2018‑built two‑story free‑standing building with approx. 6,334 SF interior and 10,248 SF total (incl. garage, decks, storage)
- Dramatic floor‑to‑ceiling impact glass, high ceilings, natural gas, and post‑tension construction for wide‑open interiors
- Commercial elevator connects all levels; second floor includes office/exam rooms, reception and waiting areas, and a breakroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.8k | $45.60 |
| − Vacancy | −$65.0k | −$10.26 |
| EGI | $223.8k | $35.34 |
| − OpEx | −$56.0k | −$8.84 |
| NOI | $167.9k | $26.51 |
6,334 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,883 @ 7.0% cap · market cap 2.80%
Second Best
Mixed Use
$1.56M
$1.37M – $1.82M
NOI $109,262 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,253 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-story freestanding building with impact glass, elevator, and a 14-car gated garage with EV chargers.
Where is this live-work space located?
The property is located at 226 Palm Delray Beach, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 2018‑built two‑story free‑standing building with approx. 6,334 SF interior and 10,248 SF total (incl. garage, decks, storage); Dramatic floor‑to‑ceiling impact glass, high ceilings, natural gas, and post‑tension construction for wide‑open interiors; Commercial elevator connects all levels; second floor includes office/exam rooms, reception and waiting areas, and a breakroom
