Multi-Bay Flex
New
For Sale
Contact for pricing
3707 Interstate Park Road South, Riviera Beach, FL 33404
General Industrial zoning supports a six-unit office and warehouse configuration with adaptable commercial functionality.
Property Size14,300 SF
Lot Size1.01 Acres
Price / SF$206.29
Days on Market6
Property Features for 3707 Interstate Park Road South
General Information
Standard status
Active
Size
14,300 SF
Class
B
Lot size
1.01 Acres
Property subtype
Office, Industrial
Zoning
General Industrial
Occupancy
100%
Net Operating Income
$136,500
Financials
Asking Price
$2,950,000
Gross Income
$233,665
Warehouse & Industrial
Clear Height
19 ft
Power
800 amps
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Office Units
6
Amenities
800 amp 3-phase power
Building Details
Year Built
2004
Buildings
1
Units
6
Tenancy
Multi
Building Size
14,300 SF
Construction
CBS
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 9:34AM
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 Reichel Realty & Investments Inc
Investment Insights
Based on property information with market context.
This flex property contains approximately 14,300 square feet arranged across six office and warehouse units. CBS construction, a 19-foot clear ceiling, and 800-amp, three-phase electrical service support a range of industrial and commercial operations. The building was constructed in 2004 and occupies approximately 1.01 acres.
The property is located at 3707 Interstate Park Road South in Riviera Beach, just west of South Road within the Interstate Park corridor. It is zoned IG, General Industrial, by the City of Riviera Beach. The multi-unit layout provides separately configured spaces within one commercial building, combining office areas with warehouse functionality.
The property is located at 3707 Interstate Park Road South in Riviera Beach, just west of South Road within the Interstate Park corridor. It is zoned IG, General Industrial, by the City of Riviera Beach. The multi-unit layout provides separately configured spaces within one commercial building, combining office areas with warehouse functionality.
Key Highlights
- Approximately 14,300 SF flex building divided into 6 office and warehouse units
- CBS construction with a 19 ft clear ceiling
- 800 amp 3‑phase power serves the building
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
$187,459
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
6.35%
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%
$3,749,180
$3.7M
Cap Rate 7%
$2,677,986
$2.7M
Cap Rate 9%
$2,082,878
$2.1M
Market Conditions
NOI Build-Up for 14,300 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
$233.4K $16.32/SF
− Vacancy
−$12.8K −$0.90/SF
EGI
$220.5K $15.42/SF
− OpEx
−$33.1K −$2.31/SF
NOI
$187.5K $13.11/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$3,749,180
Cap Rate 7%
$2,677,986
Cap Rate 9%
$2,082,878
Alternative Uses
Best Use
Office B
$5.41M
$4.74M – $6.32M
NOI $379,022 @ 7.0% cap · market cap 12.85%
Second Best
Flex RnD
$4.49M
$3.93M – $5.24M
NOI $314,543 @ 7.0% cap · market cap 10.66%
Theoretical Best
Office A
$10.07M
$8.81M – $11.75M
NOI $704,960 @ 7.0% cap · market cap 23.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
6
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Balanced
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 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?
Flex space - General Industrial zoning supports a six-unit office and warehouse configuration with adaptable commercial functionality.
Where is this flex space located?
The property is located at 3707 Interstate Park Road South Riviera Beach, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approximately 14,300 SF flex building divided into 6 office and warehouse units; CBS construction with a 19 ft clear ceiling; 800 amp 3‑phase power serves the building
