Secure Office Suite with Window
For Sale
$825,000
Pending
2799 NW 2nd Avenue #Suite 101 102 & 103, Boca Raton, FL
Office suite with impact-resistant windows, four windowed offices, and 24/7 secure FOB access for professional users.
Property Size1,972 SF
Days on Market89
Property Features for 2799 NW 2nd Avenue #Suite 101 102 & 103
General Information
Standard status
Pending
Size
1,972 SF
Total Parking Spaces
41
Zoning
B1 (city)
Taxes and HOA fees
Annual Taxes
$13,119
Building Details
Building Size
1,972 SF
Year Built
2003
Buildings
1
Stories
1
Listing Agency:
Compass Florida, LLC
(954) 605-7379
Listed By:
Robert Mion · License #3231741
(954) 605-7379
Source:
Laerrealty
Added: Jun 4
Changed: Aug 23
Last Checked: Jul 23 at 4:50AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This office suite offers a modern, open-concept layout designed to support both collaboration and day-to-day focus. The space includes impact-resistant windows and 24/7 secure FOB access, providing controlled entry for occupants and staff. Interior features include four large windowed offices, bullpen or open work areas, and three restrooms. Multiple access points are available with three entrances, including double-door entrances.
Located in Boca Raton at 2799 NW 2nd Ave in Suite 101, the suite is positioned for convenient day-to-day operations with on-site parking described for the property. A mailbox is also noted near the entrance. The offering includes documents referenced with the listing, and there are three tax IDs for this sale.
The configuration is well suited for professional service tenants such as attorneys, financial professionals, accountants, and other professional businesses that benefit from private offices alongside an open work area. With secure after-hours access and multiple entrances, the suite supports teams that need flexible space planning while maintaining controlled access.
Located in Boca Raton at 2799 NW 2nd Ave in Suite 101, the suite is positioned for convenient day-to-day operations with on-site parking described for the property. A mailbox is also noted near the entrance. The offering includes documents referenced with the listing, and there are three tax IDs for this sale.
The configuration is well suited for professional service tenants such as attorneys, financial professionals, accountants, and other professional businesses that benefit from private offices alongside an open work area. With secure after-hours access and multiple entrances, the suite supports teams that need flexible space planning while maintaining controlled access.
Key Highlights
- Office suite for lease in Boca Raton with 1,972 SF workspace
- Impact‑resistant windows and 24/7 secure FOB access
- Includes 4 large windowed offices plus bullpen/open areas with an open‑concept layout
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
$52,268
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
6.34%
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%
$1,045,360
$1.0M
Cap Rate 7%
$746,686
$746.7K
Cap Rate 9%
$580,756
$580.8K
Market Conditions
NOI Build-Up for 1,972 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
$89.9K $45.60/SF
− Vacancy
−$20.2K −$10.26/SF
EGI
$69.7K $35.34/SF
− OpEx
−$17.4K −$8.84/SF
NOI
$52.3K $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 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%
$1,045,360
Cap Rate 7%
$746,686
Cap Rate 9%
$580,756
Alternative Uses
Best Use
Office B
$746.7K
$653.4K – $871.1K
NOI $52,268 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,215 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,475
Businesses Nearby
Explore this area
Business Placement
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?
Office units - Office suite with impact-resistant windows, four windowed offices, and 24/7 secure FOB access for professional users.
Where is this office units located?
The property is located at 2799 NW 2nd Avenue #Suite 101 102 & 103 Boca Raton, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Office suite for lease in Boca Raton with 1,972 SF workspace; Impact‑resistant windows and 24/7 secure FOB access; Includes 4 large windowed offices plus bullpen/open areas with an open‑concept layout
