Office Building for
For Sale
$1,395,000
3413 Broadway, West Palm Beach, FL 33407
For-sale commercial office property at 3413 Broadway in West Palm Beach, FL.
Property Size1,819 SF
Price / SF$766.90
Days on Market361
Property Features for 3413 Broadway
General Information
Standard status
Active
Size
1,819 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,572
Amenities
Window/Wall Unit
3
BMUD
Building Details
Year Built
1958
Listing Agency:
(561) 597-1467
Listed By:
Jamie Lehman
Source:
Xome
Added: Sep 9, 2025
Changed: Sep 2
Last Checked: Sep 4 at 3:51AM
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 Jamie Lehman
Investment Insights
Based on property information with market context.
This for-sale commercial property includes office units and office spaces, offering a dedicated setup for office use. The offering is sized at 1,819 square feet.
Located at 3413 Broadway in West Palm Beach, Florida, the property provides a straightforward option for buyers seeking an office-focused asset in the area.
The available information supports the presence of multiple office-oriented spaces within the overall property offering.
Located at 3413 Broadway in West Palm Beach, Florida, the property provides a straightforward option for buyers seeking an office-focused asset in the area.
The available information supports the presence of multiple office-oriented spaces within the overall property offering.
Key Highlights
- Commercial office property for sale at 3413 Broadway, West Palm Beach, FL
- Built in 1958
- Window/wall unit cooling
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
$63,408
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
4.55%
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%
$1,268,160
$1.3M
Cap Rate 7%
$905,829
$905.8K
Cap Rate 9%
$704,533
$704.5K
Market Conditions
NOI Build-Up for 1,819 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
$100.4K $55.20/SF
− Vacancy
−$15.9K −$8.72/SF
EGI
$84.5K $46.48/SF
− OpEx
−$21.1K −$11.62/SF
NOI
$63.4K $34.86/SF
Area
West Palm Beach, FL
Vacancy
15.80%
Lease Rate
$55.20 /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%
$1,268,160
Cap Rate 7%
$905,829
Cap Rate 9%
$704,533
Alternative Uses
Best Use
Office B
$905.8K
$792.6K – $1.06M
NOI $63,408 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,673 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For-sale commercial office property at 3413 Broadway in West Palm Beach, FL.
Where is this office units located?
The property is located at 3413 Broadway West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Commercial office property for sale at 3413 Broadway, West Palm Beach, FL; Built in 1958; Window/wall unit cooling
