Turnkey Office-Warehouse Flex
For Sale
$435,000
2755 VISTA PARKWAY #I-2, West Palm Beach, FL 33411
Renovated two-level office with private bathroom over a first-floor warehouse with front entry and large roll-up door.
Property Size1,306 SF
Price / SF$333.08
Days on Market51
Property Features for 2755 VISTA PARKWAY #I-2
General Information
Standard status
Active
Size
1,306 SF
Elevators
Yes
Property subtype
Business
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Floor
1-2
Amenities
fuel station
car wash
security cameras
Building Details
Year Built
2005
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Vinny Apolinario · License #3270041
(407) 371-2227
Source:
Dennisrealty
Added: Jul 26
Changed: Sep 14
Last Checked: Sep 13 at 10:09AM
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 WRA BUSINESS & REAL ESTATE
Investment Insights
Based on property information with market context.
This turnkey flex unit combines office space and warehouse space within a single two-story layout. The office area is located on the second floor and includes a built-out lobby, an office, and a bathroom. A building elevator provides access and opens in front of the office door. The first-floor warehouse features a front entry and a large roll-up door on the backside, with internal stairs connecting the warehouse up to the office.
The unit is located within Vista Pkwy, a well-maintained fenced park with security cameras. The complex offers ample parking and includes on-site amenities such as a fuel station and a car wash. The property also provides easy access to the Turnpike and I-95.
On-site setting includes fenced grounds and monitoring, supporting everyday access for employees, deliveries, and visitors. The combination of upgraded finishes in the office and direct warehouse loading makes the space suited for businesses needing both administrative and operational functions in one facility.
The unit is located within Vista Pkwy, a well-maintained fenced park with security cameras. The complex offers ample parking and includes on-site amenities such as a fuel station and a car wash. The property also provides easy access to the Turnpike and I-95.
On-site setting includes fenced grounds and monitoring, supporting everyday access for employees, deliveries, and visitors. The combination of upgraded finishes in the office and direct warehouse loading makes the space suited for businesses needing both administrative and operational functions in one facility.
Key Highlights
- 2005‑built, renovated two‑level office/warehouse combo with an office built out on the second floor
- Second‑floor office includes a lobby, office space, and private bathroom; elevator opens in front of the office door
- First‑floor warehouse features a front entry and a large roll‑up door on the backside
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
$14,547
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
3.34%
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%
$290,940
$290.9K
Cap Rate 7%
$207,814
$207.8K
Cap Rate 9%
$161,633
$161.6K
Market Conditions
NOI Build-Up for 1,306 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
$18.8K $14.40/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$17.1K $13.10/SF
− OpEx
−$2.6K −$1.97/SF
NOI
$14.5K $11.14/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$290,940
Cap Rate 7%
$207,814
Cap Rate 9%
$161,633
Alternative Uses
Best Use
Office B
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$919.8K
$804.8K – $1.07M
NOI $64,383 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Renovated two-level office with private bathroom over a first-floor warehouse with front entry and large roll-up door.
Where is this flex space located?
The property is located at 2755 VISTA PARKWAY #I-2 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2005‑built, renovated two‑level office/warehouse combo with an office built out on the second floor; Second‑floor office includes a lobby, office space, and private bathroom; elevator opens in front of the office door; First‑floor warehouse features a front entry and a large roll‑up door on the backside
