End-Unit
For Sale
$295,000
32-3925 Investment Ln, West Palm Beach, FL 33404
Clean, recently updated warehouse with electrical improvements, roll-up access, and a remodeled half bath.
Property Size1,000 SF
Price / SF$295
Days on Market21
Property Features for 32-3925 Investment Ln
General Information
Standard status
Active
Size
1,000 SF
Warehouse & Industrial
Clear Height
11.5 ft
Warehouse Space
1,000 SF
Power
200 amps
Additional Details
Asking Price
$295,000
Taxes and HOA fees
Annual Taxes
$3,053
Listing Agency:
Shepard Realty
(561) 385-5979
Listed By:
Caroline Fallon · License #R11028912
(561) 762-3181
Source:
Exprealty
Added: Sep 15
Changed: Oct 2
Last Checked: Oct 4 at 1:02PM
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 Shepard Realty
Investment Insights
Based on property information with market context.
This 1,000-square-foot warehouse is configured as an end unit and has been freshly painted. Building improvements include a new 200-amp electrical panel, a 6-by-7-foot roll-up door, and a remodeled half bath. The interior offers approximately 11.5 feet of clear ceiling height, supporting a range of warehouse and commercial storage functions.
The property is located at 32-3925 Investment Lane in West Palm Beach, Florida. Its end-unit position provides additional accessibility within the warehouse setting. The combination of updated building components, roll-up access, and clear height creates a practical commercial space for an owner-user or business operation.
The property is located at 32-3925 Investment Lane in West Palm Beach, Florida. Its end-unit position provides additional accessibility within the warehouse setting. The combination of updated building components, roll-up access, and clear height creates a practical commercial space for an owner-user or business operation.
Key Highlights
- 1,000 SF warehouse end unit
- New 200 amp electrical panel
- 6' x 7' roll‑up door
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
$11,138
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
3.78%
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%
$222,760
$222.8K
Cap Rate 7%
$159,114
$159.1K
Cap Rate 9%
$123,756
$123.8K
Market Conditions
NOI Build-Up for 1,000 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
$14.4K $14.40/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$13.1K $13.10/SF
− OpEx
−$2.0K −$1.97/SF
NOI
$11.1K $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%
$222,760
Cap Rate 7%
$159,114
Cap Rate 9%
$123,756
Alternative Uses
Best Use
Warehouse
$159.1K
$139.2K – $185.6K
NOI $11,138 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11 ft
Clear height
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Clean, recently updated warehouse with electrical improvements, roll-up access, and a remodeled half bath.
Where is this warehouse located?
The property is located at 32-3925 Investment Ln West Palm Beach, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,000 SF warehouse end unit; New 200 amp electrical panel; 6' x 7' roll‑up door
