Residential Income Property with Front
For Sale
$1,300,000
2393 N Military Trail, West Palm Beach, FL 33409
SINGLE_FAMILY - Schall Circle, FL
Property Size3,146 SF
Lot Size0.29 Acres
Price / SF$413.22
Days on Market99
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
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 5
Last Checked: Aug 7 at 6:06AM
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 residential income property includes parking in front and a roof dated 2024. The lot size is 0.29 acres, and the property size is 3,146 square feet, with zoning designated as CG.
Located at 2393 N Military Trail in Schall Circle, FL (33409), the property is described as being close to Palm Beach International Airport. The listing notes a strong emphasis on location.
For buyers evaluating CG-zoned income housing, this offering presents a straightforward structure with front parking and a recently updated roof.
Located at 2393 N Military Trail in Schall Circle, FL (33409), the property is described as being close to Palm Beach International Airport. The listing notes a strong emphasis on location.
For buyers evaluating CG-zoned income housing, this offering presents a straightforward structure with front parking and a recently updated roof.
Key Highlights
- Prime location near Palm Beach International Airport.
- New roof installed in 2024.
- Rare parking available in front of the property.
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
$54,754
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
4.21%
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%
$1,095,080
$1.1M
Cap Rate 7%
$782,200
$782.2K
Cap Rate 9%
$608,378
$608.4K
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
$104.6K $33.24/SF
− Vacancy
−$5.0K −$1.60/SF
EGI
$99.6K $31.64/SF
− OpEx
−$44.8K −$14.24/SF
NOI
$54.8K $17.40/SF
Area
West Palm Beach, FL
Vacancy
4.80%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
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%
$1,095,080
Cap Rate 7%
$782,200
Cap Rate 9%
$608,378
Alternative Uses
Best Use
Apartment 5plus
$782.2K
$684.4K – $912.6K
NOI $54,754 @ 7.0% cap · market cap 4.21%
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
1,994
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Residential income property with front parking and a 2024 roof, zoned CG in Schall Circle, FL.
Where is this single family 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: Prime location near Palm Beach International Airport.; New roof installed in 2024.; Rare parking available in front of the property.
