Modern Industrial Office
For Sale
Contact for pricing
240 W Palmetto Park Road STE 110, Boca Raton, FL 33432
Office suite with polished concrete floors, exposed ceilings, and ample parking.
Property Size290 SF
Days on Market106
Property Features for 240 W Palmetto Park Road STE 110
General Information
Standard status
Active
Size
290 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,500
Building Details
Building Size
290 SF
Year Built
1980
Listing Agency:
Riddle & Co.
Listed By:
Alan Taylor Riddle · License #3458243
(561) 654-5237
Source:
Scottandrachelle
Added: Jul 21
Changed: Oct 31
Last Checked: Nov 1 at 2:57PM
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 Riddle & Co.
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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 small office suite offers a modern industrial look with polished concrete floors and exposed ceilings. Suite 110 is configured as a compact professional space suited to a private office or a creative work environment.
The property is located at 240 W Palmetto Park Rd in Boca Raton, just minutes from Mizner Park. Parking is described as ample, and the area is noted as car-dependent, with BikeScore 43 and WalkScore 24.
As a suite within a commercial setting, it presents a straightforward option for an owner-occupant or a business seeking a finished interior with modern industrial finishes.
The property is located at 240 W Palmetto Park Rd in Boca Raton, just minutes from Mizner Park. Parking is described as ample, and the area is noted as car-dependent, with BikeScore 43 and WalkScore 24.
As a suite within a commercial setting, it presents a straightforward option for an owner-occupant or a business seeking a finished interior with modern industrial finishes.
Key Highlights
- Small office suite with a modern industrial finish
- Polished concrete floors and exposed ceilings
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,686
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,720
$153.7K
Cap Rate 7%
$109,800
$109.8K
Cap Rate 9%
$85,400
$85.4K
Market Conditions
NOI Build-Up for 290 SF
Gross rent
$13.2K $45.60/SF
− Vacancy
−$3.0K −$10.26/SF
EGI
$10.2K $35.34/SF
− OpEx
−$2.6K −$8.84/SF
NOI
$7.7K $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%
$153,720
Cap Rate 7%
$109,800
Cap Rate 9%
$85,400
Alternative Uses
Best Use
Office B
$109.8K
$96.1K – $128.1K
NOI $7,686 @ 7.0% cap · market cap 530.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$204.2K
$178.7K – $238.3K
NOI $14,296 @ 7.0% cap · market cap 985.93%
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 - Office suite with polished concrete floors, exposed ceilings, and ample parking.
Where is this office unit located?
The property is located at 240 W Palmetto Park Road STE 110 Boca Raton, FL.
What are key features of this property?
This property features: Small office suite with a modern industrial finish; Polished concrete floors and exposed ceilings; Built in 1980
