Grocery Store with Front
For Sale
$1,300,000
2393 N Military Trl, West Palm Beach, FL 33409
Commercial building near Palm Beach International Airport with customer parking positioned at the front.
Property Size3,146 SF
Price / SF$413.22
Days on Market67
Property Features for 2393 N Military Trl
General Information
Standard status
Active
Size
3,146 SF
Building Details
Year Built
1963
Listing Agency:
United Realty Group Inc
Listed By:
Tamara Starcher · License #3426906
(954) 732-4283
Source:
Wesellhomes
Added: Aug 8
Changed: Oct 10
Last Checked: Oct 7 at 3:56PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This grocery and convenience store property contains 3,146 square feet and was constructed in 1963. The building has parking directly in front, providing on-site vehicle access for customers and visitors. A 2024 roof replacement is also reported.
The property is located near Palm Beach International Airport on N Military Trl. Its established building footprint and front parking configuration provide the key physical features identified for the asset.
The property is located near Palm Beach International Airport on N Military Trl. Its established building footprint and front parking configuration provide the key physical features identified for the asset.
Key Highlights
- 3,146‑square‑foot grocery and convenience store property
- Parking located directly in front of the building
- 2024 roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,838
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,760
$1.0M
Cap Rate 7%
$726,257
$726.3K
Cap Rate 9%
$564,867
$564.9K
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$71.7K $22.80/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$67.8K $21.55/SF
− OpEx
−$16.9K −$5.39/SF
NOI
$50.8K $16.16/SF
Area
West Palm Beach, FL
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,760
Cap Rate 7%
$726,257
Cap Rate 9%
$564,867
Alternative Uses
Best Use
Specialty Retail
$726.3K
$635.5K – $847.3K
NOI $50,838 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$635.4K
$556.0K – $741.3K
NOI $44,476 @ 7.0% cap · market cap 3.42%
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Tapatia Supermarket - Westgate Ave — 3819 Westgate Ave, West Palm Beach, FL 33409
- Brothers Farmers Market — 1937 N Military Trl J, West Palm Beach, FL 33409
- Okeechobee Prime Meat Market — 1959 Wabasso Dr, West Palm Beach, FL 33409
- Euro Market — 4603 Okeechobee Blvd #120, West Palm Beach, FL 33417
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial building near Palm Beach International Airport with customer parking positioned at the front.
Where is this grocery and convenience store located?
The property is located at 2393 N Military Trl 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 grocery and convenience store property; Parking located directly in front of the building; 2024 roof
