Office Condo Units 121 &
For Sale
Contact for pricing
2300 Corporate Boulevard Northwest, Boca Raton, FL 33431
Office condominium positioned near I-95 and Glades Road in Boca Raton’s business district.
Property Size1,893 SF
Price / SF$475
Days on Market11
Property Features for 2300 Corporate Boulevard Northwest
General Information
Standard status
Active
Size
1,893 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
Coldwell Banker Commercial NRT Boca Raton
Listed By:
Ingrid Fulmer · License #FL 3003660
Source:
Crexi
Added: Aug 22
Changed: Aug 28
Last Checked: Sep 1 at 1:53AM
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 Coldwell Banker Commercial NRT Boca Raton
Investment Insights
Based on property information with market context.
Office condominium units 121 and 122 at Executive Court II comprise 1,280 square feet within a commercial office setting. The property is located at 2300 Corporate Boulevard Northwest in Boca Raton, Florida.
Access to I-95 and Glades Road places the office near the Town Center Mall, restaurants, and hotels. Its business-district location provides a central Boca Raton setting for office operations.
Access to I-95 and Glades Road places the office near the Town Center Mall, restaurants, and hotels. Its business-district location provides a central Boca Raton setting for office operations.
Key Highlights
- 1,280‑square‑foot office condominium
- Units 121 and 122 at Executive Court II
- Located at 2300 Corporate Boulevard Northwest, Boca Raton, FL 33431
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
$50,174
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
5.58%
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%
$1,003,480
$1.0M
Cap Rate 7%
$716,771
$716.8K
Cap Rate 9%
$557,489
$557.5K
Market Conditions
NOI Build-Up for 1,893 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
$86.3K $45.60/SF
− Vacancy
−$19.4K −$10.26/SF
EGI
$66.9K $35.34/SF
− OpEx
−$16.7K −$8.84/SF
NOI
$50.2K $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%
$1,003,480
Cap Rate 7%
$716,771
Cap Rate 9%
$557,489
Alternative Uses
Best Use
Office B
$716.8K
$627.2K – $836.2K
NOI $50,174 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,321 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,652
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium positioned near I-95 and Glades Road in Boca Raton’s business district.
Where is this office units located?
The property is located at 2300 Corporate Boulevard Northwest Boca Raton, FL.
What is the asking price?
The asking price for this property is $899,175.
What are key features of this property?
This property features: 1,280‑square‑foot office condominium; Units 121 and 122 at Executive Court II; Located at 2300 Corporate Boulevard Northwest, Boca Raton, FL 33431
