Corner Flex Space with
3109 2nd Avenue N, Palm Springs, FL 33461
For Sale
$1,500,000
Commercial Sale, Palm Springs, FL
Property Size2,250 SF
Lot Size0.33 Acres
Price / SF$666.67
Days on Market629
Property Features for 3109 2nd Avenue N
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Corner Location
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Re/Max Rex · RE/MAX International
(561) 220-1520
Listed By:
Ivete Targino Canzano · License FL #3523339
(954) 825-6601
Added: Feb 21, 2025
Changed: Oct 28
Last Checked: Nov 11 at 5:06AM
MLS# R11064786
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,250-square-foot flex property occupies a 0.33-acre corner site at 3109 2nd Avenue N in Palm Springs. The building includes an office, showroom, storage for equipment, two bathrooms, and additional room for support functions. Vinyl, ceramic tile, and marble flooring are present, with central heating and central air conditioning.
The property comprises three lots identified as lots 7, 8, and 9. The site is fenced and paved, providing on-site parking. Public water and public sewer serve the property. The building was constructed in 1951 and has an aluminum, flat roof.
The property comprises three lots identified as lots 7, 8, and 9. The site is fenced and paved, providing on-site parking. Public water and public sewer serve the property. The building was constructed in 1951 and has an aluminum, flat roof.
Key Highlights
- 2,250 square feet on 0.33 acres
- Three lots identified as lots 7, 8, and 9
- Corner fenced site with paved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,776
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,520
$1.4M
Cap Rate 7%
$1,025,371
$1.0M
Cap Rate 9%
$797,511
$797.5K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$112.6K $50.04/SF
− Vacancy
−$16.9K −$7.51/SF
EGI
$95.7K $42.53/SF
− OpEx
−$23.9K −$10.63/SF
NOI
$71.8K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,520
Cap Rate 7%
$1,025,371
Cap Rate 9%
$797,511
Alternative Uses
Best Use
Office B
$1.03M
$897.2K – $1.20M
NOI $71,776 @ 7.0% cap · market cap 4.79%
Second Best
Retail
$390.4K
$341.6K – $455.5K
NOI $27,327 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,920 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Palm Beach County, FL
Properties on Market for Flex space in Palm Beach County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Cafe au Lait Multiservices — 3355 Lake Worth Rd STE 3, Palm Springs, FL 33461
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property offers office, storage, paved parking, and two bathrooms.
Where is this flex space located?
The property is located at 3109 2nd Avenue N Palm Springs, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,250 square feet on 0.33 acres; Three lots identified as lots 7, 8, and 9; Corner fenced site with paved parking
