Flex Space Condo with Roll-Up
For Sale
Contact for pricing
2340 SW Poma Dr, Palm City, FL 34990
Fully air-conditioned flex/industrial condo with private offices and a 12’ x 14’ roll-up door.
Property Size7,000 SF
Price / SF$214.29
Days on Market411
Property Features for 2340 SW Poma Dr
General Information
Standard status
Active
Size
7,000 SF
Property subtype
INDUSTRIAL
Zoning
General Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
24 ft
Conditioned Warehouse
Yes
Building Details
Year Built
2007
Listing Agency:
SLC Commercial Realty & Development
Listed By:
Drew Poston · License #BK3193852
(772) 220-4096
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Sep 7
Last Checked: Sep 14 at 12:16PM
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
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.
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 = 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
$113,235
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
7.55%
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%
$2,264,700
$2.3M
Cap Rate 7%
$1,617,643
$1.6M
Cap Rate 9%
$1,258,167
$1.3M
Market Conditions
NOI Build-Up for 7,000 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
$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 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%
$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
NOI $113,235 @ 7.0% cap · market cap 7.55%
Second Best
Industrial
$1.33M
$1.17M – $1.55M
NOI $93,252 @ 7.0% cap · market cap 6.22%
Theoretical Best
Retail
$1.84M
$1.61M – $2.15M
NOI $128,728 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
