Building Details

Year Built 2007

Listing Agency: SLC Commercial Realty & Development

Listed By: Drew Poston · License #BK3193852 Show Phone

Source: Moodyscre

Added: Jul 31, 2025 Changed: Oct 26 Last Checked: Nov 4 at 10:39AM

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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 SLC Commercial Realty & Development

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Investment Insights

Based on property information with market context.

This flex/industrial condo includes fully air-conditioned warehouse space with private offices and a breakroom or storage room. The facility features a 24’ clear ceiling height and a 12’ x 14’ roll-up door, supported by general interior build-out suitable for light industrial and contractor-style operations. Built in 2007 and described as clean, well-maintained, and move-in ready.

The property is zoned General Industrial, which supports a range of uses. County water and sewer are available starting September 2025; the space is currently served by well and septic. The location is in an established Palm City commercial hub with excellent access to I-95 and the Florida Turnpike.

The combination of office space, strong ceiling height, and a roll-up door is well aligned with service contractors, distribution, and light manufacturing.

Key Highlights

• Fully air‑conditioned flex/industrial warehouse space
• 24’ clear ceiling height
• 12’ x 14’ roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,235

Cap Rate

7.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,264,700 $2.3M

Cap Rate 7%

$1,617,643 $1.6M

Cap Rate 9%

$1,258,167 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$141.1K $20.16/SF

− Vacancy

−$7.9K −$1.13/SF

EGI

$133.2K $19.03/SF

− OpEx

−$20.0K −$2.85/SF

NOI

$113.2K $16.18/SF

Area

Martin County, FL

Vacancy

5.60%

Lease Rate

$20.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,264,700

Cap Rate 7%

$1,617,643

Cap Rate 9%

$1,258,167

Alternative Uses

Best Use

Warehouse

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,235 @ 7.0% cap · market cap 7.55%

Second Best

Industrial

$1.33M

$1.17M – $1.55M (±1% cap)

NOI $93,252 @ 7.0% cap · market cap 6.22%

Theoretical Best

Retail

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,728 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Attic Insulation Palm ... General Contractor Air Around Around ... Hardware & Home Improvement

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Big Box & Wholesale Store Garden Center Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24 ft

Clear height

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 34990, FL

31,160

Population

13,641

Households

2.3

Avg Household Size

51

Median Age

49%

College-Educated

97%

High-School Grad

103.0 sq mi

ZIP Area

303

Density / Sq Mi

$120,407

Median Household Income

$56,905

Median Earnings

$1,958

Median Rent

$558,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Fully air-conditioned flex/industrial condo with private offices and a 12’ x 14’ roll-up door.

Where is this flex space located?

The property is located at 2340 SW Poma Dr Palm City, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Fully air‑conditioned flex/industrial warehouse space; 24’ clear ceiling height; 12’ x 14’ roll‑up door