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Office Building in North Palm

2718 Conroy Dr West Palm Beach, FL 33403

2718 Conroy Dr, West Palm Beach, FL, 33403
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Office property with interstate connectivity in a high-demand submarket.

Property Size1,765 SF
Lot Size0.23 Acres
Price / SF$538.24
AddedNov 12, 2025
Days on Market245
Last RefreshMay 19 at 8:38 pm

Property Features for 2718 Conroy Dr

General Information

Standard status
Active
Size
1,765 SF
Lot size
0.23 Acres
Property subtype
OFFICE

Listing office Colliers | West Palm Beach

Listing date Nov 12, 2025

Source Moodyscre

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 Colliers | West Palm Beach


Investment Insights

Based on property information with market context.

This property presents a rare opportunity in North Palm Beach, situated just off Northlake Boulevard. It benefits from convenient access to both A1A and I-95, providing exceptional interstate connectivity. Located within a well-established commercial corridor, the property at 2718 Conroy Drive is suitable for office or professional use within a high-demand submarket. The building has a size of 1,765 square feet.

Key Highlights

  • Rare opportunity in the heart of North Palm Beach.
  • Exceptional interstate connectivity with quick access to A1A and I‑95.
  • Ideal for office or professional use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $97.4k $55.20
− Vacancy −$15.4k −$8.72
EGI $82.0k $46.48
− OpEx −$20.5k −$11.62
NOI $61.5k $34.86
1,765 SF · lease $55.20/SF/yr · vacancy 15.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$878.9K
$769.1K – $1.03M (±1% cap)
NOI $61,526 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $87,011 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Susan Silvester: Allstate ... Insurance Agency Silvester Development General Contractor Allstate Insurance Agent: ... Insurance Agency

Suggested Use

Law Firm Real Estate Agency Hotel & Motel Dental Office Storage Facility Grocery & Convenience Store Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Office property with interstate connectivity in a high-demand submarket.
Where is this office building located?
The property is located at 2718 Conroy Dr West Palm Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Rare opportunity in the heart of North Palm Beach.; Exceptional interstate connectivity with quick access to A1A and I‑95.; Ideal for office or professional use.
Contact an agent
(561) 779-0189 Call to check price and availability
More about this property
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