Storefront Property with Front
For Sale
$1,300,000
2393 N Military Trail, West Palm Beach, FL 33409
Commercial Sale, Schall Circle, FL
Property Size3,146 SF
Lot Size0.29 Acres
Price / SF$413.22
Days on Market125
Property Features for 2393 N Military Trail
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Parking
4
Directions
Off Military and Okeechobee
Subdivision
5400
Standard status
Active
APN
00424324000007240
Size
3,146 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24-43-42~ N 88.83 FT OF S 143.68 FT OF E 203.33 FT OF NE 1/4 OF NE 1/4 OF SW 1/4 (LESS E 60 FT SR 809 R/W)
Tax Annual Amount
9421
Legal Description
24-43-42~ N 88.83 FT OF S 143.68 FT OF E 203.33 FT OF NE 1/4 OF NE 1/4 OF SW 1/4 (LESS E 60 FT SR 809 R/W)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
parking in front
Building Details
Year built
1963
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
United Realty Group Inc
(561) 868-1930
Listed By:
Tamara Starcher · License #3426906
(954) 732-4283
Added: May 1
Changed: Aug 19
Last Checked: Sep 2 at 4:06AM
MLS# B26022575
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes 3,146 square feet on a 0.29-acre parcel, with parking positioned in front of the building. Constructed in 1963, the improvements feature stucco exterior walls, concrete and tile flooring, central heating, and central air conditioning. The composition roof was installed in 2024.
The property is located at 2393 N Military Trail in Schall Circle, near Palm Beach International Airport. It has access to public water and public sewer services, with cable available. CG zoning and the existing storefront configuration support its commercial positioning.
The property is located at 2393 N Military Trail in Schall Circle, near Palm Beach International Airport. It has access to public water and public sewer services, with cable available. CG zoning and the existing storefront configuration support its commercial positioning.
Key Highlights
- 3,146‑square‑foot storefront property on 0.29 acres
- Front parking, a stated site feature for the property
- 2024 roof
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
$44,476
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
3.42%
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%
$889,520
$889.5K
Cap Rate 7%
$635,371
$635.4K
Cap Rate 9%
$494,178
$494.2K
Market Conditions
NOI Build-Up for 3,146 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
$68.0K $21.60/SF
− Vacancy
−$4.4K −$1.40/SF
EGI
$63.5K $20.20/SF
− OpEx
−$19.1K −$6.06/SF
NOI
$44.5K $14.14/SF
Area
West Palm Beach, FL
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$889,520
Cap Rate 7%
$635,371
Cap Rate 9%
$494,178
Alternative Uses
Best Use
Retail
$635.4K
$556.0K – $741.3K
NOI $44,476 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.58M
NOI $155,091 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33409, FL
33,061
Population
13,715
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
80%
High-School Grad
6.3 sq mi
ZIP Area
5,248
Density / Sq Mi
$65,206
Median Household Income
$34,994
Median Earnings
$1,633
Median Rent
$282,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Hummingbird Florist — 1734 N Military Trl, West Palm Beach, FL 33409
Frequently Asked Questions
What type of property is this?
Storefront property - CG-zoned commercial property with a 2024 roof, central climate control, and public utilities.
Where is this storefront property located?
The property is located at 2393 N Military Trail West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,146‑square‑foot storefront property on 0.29 acres; Front parking, a stated site feature for the property; 2024 roof
