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 Market60
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: Oct 15
Last Checked: Oct 19 at 4:35AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$50,174
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium positioned near I-95 and Glades Road in Boca Raton’s business district.
Where is this office unit 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
