Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3109 2nd Avenue N Palm Springs, FL 33461

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property with showroom, office, and storage on fenced lot.

    Type:Special Purpose
    Property size:
    2,250 SF
    Price / SF:
    $666/SF
    Added:
    Jan 18, 2023
    Days on Market:
    1190
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3109 2nd Avenue N

    General Information

    Standard status
    Active
    Size
    2,250 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Ivete Canzano

    Listing agent Ivete Canzano License #3523339

    Listing office RE/MAX REX

    Listing date Jan 18, 2023

    Source Crexi

    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 RE/MAX REX

    Overview

    Commercial Property on Corner Lot

    This commercial property is situated on a corner, fenced lot comprising three lots (7, 8, and 9). Zoned for both commercial and residential use, the property features a building with an office, a bathroom, and an additional room. It includes a showroom and storage space suitable for equipment, along with an extra room and a bathroom. The lot is paved, providing easy parking. The property is suitable for a variety of commercial and residential purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Similar Places Nearby

    • Padron Flooring & Design Center — 3223 Lake Worth Rd, Lake Worth Beach, FL 33461
    • Godoy Stoneworks and Tile Care — 3285 Lake Worth Rd Unit I, Palm Springs, FL 33461
    • Isabella tile company LLC — 2345 2nd Ave N Apt 16, Lake Worth Beach, FL 33461
    • Beautiful Marble Care — 3767 Lake Worth Rd Suites 103, Palm Springs, FL 33461
    • Mr Shine Floors — 3639 Davis Rd, Palm Springs, FL 33461

    Map

    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0918
    Latitude
    26.6205

    Nearby Similar for Sale

    • $299,700
      991 SF

      Palm Springs Office Suite For Sale

      Commercial office suite in Palm Springs with I-95 access.
      3003 S Congress Avenue, Palm Springs, FL 33461
      View Details
    • $1,099,000
      2,180 SF

      Free Standing Commercial Retail Building

      2,180 SF commercial building on 0.42 acres for sale.
      3482 S Congress Avenue, Palm Springs, FL 33461
      View Details
    • $465,000
      1,232 SF

      Updated Duplex in Palm Springs

      Fully updated duplex with rental potential in Palm Springs, FL.
      3914 Serubi Avenue, Palm Springs, FL 33461
      View Details
    • $584,000
      1,690 SF

      Fully Rented Palm Springs Duplex

      Updated duplex in Palm Springs with strong income potential.
      2907 Apalachee Road, Palm Springs, FL 33406
      View Details
    • $749,900
      2,410 SF

      Palm Springs Multifamily Property

      Multifamily property in Palm Springs, move-in ready with rental potential.
      296 Alemeda Drive, Palm Springs, FL 33461
      View Details
    • $149,000
      2,000 SF

      Established Convenience Store in Palm Springs

      Profitable convenience store in high-traffic Palm Springs location.
      1946 S Congress Ave, Palm Springs, FL 33406
      View Details
    • $2,300,000

      Commercial Assemblage with Leased Restaurant

      Two-parcel commercial assemblage with leased restaurant, vacant building, and parking.
      3801 N 10th Ave N, Palm Springs, FL 33461
      View Details
    • $1,500,000
      2,250 SF

      Palm Springs Mixed-Use Corner Lot

      Corner lot with commercial and residential zoning in Palm Springs.
      3109 2nd Avenue N, Palm Springs, FL 33461
      View Details
    • $1,500,000

      Corner Lot with Commercial Zoning

      Commercial and residential zoned property featuring showroom and storage space.
      3109 2nd N Avenue, Lake Worth, FL 33461
      View Details
    • $2,200,000
      2,492 SF

      Palm Springs Duplex For Sale

      Income-producing duplex with rental potential on a large lot.
      3918 Serubi Avenue, Palm Springs, FL 33461
      View Details
    • $5,334,783
      12,739 SF

      CVS NN Drugstore For Sale

      12,739 SF CVS NN Drugstore with 13+ years remaining.
      3187 S Congress Ave, Palm Springs, FL
      View Details
    • $1,800,000

      Palm Springs Car Repair Shop

      Car repair shop with office and four bays.
      10th Ave N, Palm Springs, FL 33461
      View Details

    FAQs

    What type of property is this?
    Showroom - Commercial property with showroom, office, and storage on fenced lot.
    Where is this showroom 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: Zoned for both commercial and residential use.; Three combined lots on a corner, fenced property.; Building includes office, bathroom, and showroom.
    (954) 825-6601 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ivete Canzano
    Real Estate License ID: 3523339
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!