Corner Office
For Sale
Contact for pricing
240 W PALMETTO PARK J- 310, Boca Raton, FL 33432
Third-floor office space is positioned within walking distance of Mizner and includes parking.
Property Size1,000 SF
Price / SF$2.00
Days on Market14
Property Features for 240 W PALMETTO PARK J- 310
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Additional Details
Floor
3
Building Details
Year Built
1980
Listing Agency:
Keller Williams Realty Service
(561) 245-4000
Listed By:
Valerie Selby PA · License #302112
(561) 271-6667
Source:
Lehmannflorida
Added: Oct 7
Changed: Oct 19
Last Checked: Oct 19 at 2:27PM
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 Keller Williams Realty Service
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit occupies a corner position on the third floor of a building constructed in 1980. The space is in downtown Boca Raton, within walking distance of Mizner. Parking is available, and no CAM charge applies.
Key Highlights
- 1,000 square feet on the third floor
- Corner office position
- Parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,100
$530.1K
Cap Rate 7%
$378,643
$378.6K
Cap Rate 9%
$294,500
$294.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$45.6K $45.60/SF
− Vacancy
−$10.3K −$10.26/SF
EGI
$35.3K $35.34/SF
− OpEx
−$8.8K −$8.84/SF
NOI
$26.5K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,100
Cap Rate 7%
$378,643
Cap Rate 9%
$294,500
Alternative Uses
Best Use
Office B
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 1,325.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 2,464.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,999
Businesses Nearby
Explore this area
Business Placement
Demographics for 33432, FL
22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor office space is positioned within walking distance of Mizner and includes parking.
Where is this office unit located?
The property is located at 240 W PALMETTO PARK J- 310 Boca Raton, FL.
What are key features of this property?
This property features: 1,000 square feet on the third floor; Corner office position; Parking available
