Flex Space with
For Sale
Contact for pricing
3850 NW 2ND Avenue #0030, Boca Raton, FL 33431
A roll-up loading door serves the warehouse area, with the tenant responsible for utilities under a modified gross lease.
Property Size1,056 SF
Price / SF$2.84
Days on Market33
Property Features for 3850 NW 2ND Avenue #0030
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
Balistreri Real Estate Inc
(561) 886-1600
Listed By:
Bianca Pileggi · License #3538636
(203) 258-6844
Source:
Lehmannflorida
Added: Sep 18
Changed: Oct 19
Last Checked: Oct 19 at 2:26PM
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 Balistreri Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,056-square-foot flex space combines showroom and office area with polished concrete floors and a smaller warehouse section. A roll-up door provides loading access. Built in 1982, the property supports a mix of customer-facing, administrative, and storage functions.
The space is at 3850 NW 2nd Avenue in Boca Raton, just off Yamato Road and minutes from I-95. The modified gross lease structure assigns utilities to the tenant.
The space is at 3850 NW 2nd Avenue in Boca Raton, just off Yamato Road and minutes from I-95. The modified gross lease structure assigns utilities to the tenant.
Key Highlights
- 1,056 square feet of flex space
- Showroom and office area with polished concrete floors
- Warehouse area with roll‑up loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,400
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,000
$228.0K
Cap Rate 7%
$162,857
$162.9K
Cap Rate 9%
$126,667
$126.7K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$17.2K $16.32/SF
− Vacancy
−$948 −$0.90/SF
EGI
$16.3K $15.42/SF
− OpEx
−$4.9K −$4.63/SF
NOI
$11.4K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,000
Cap Rate 7%
$162,857
Cap Rate 9%
$126,667
Alternative Uses
Best Use
Flex RnD
$331.8K
$290.4K – $387.1K
NOI $23,228 @ 7.0% cap · market cap 774.27%
Second Best
Warehouse
$197.8K
$173.0K – $230.7K
NOI $13,843 @ 7.0% cap · market cap 461.43%
Theoretical Best
Office A
$743.7K
$650.7K – $867.7K
NOI $52,059 @ 7.0% cap · market cap 1,735.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A roll-up loading door serves the warehouse area, with the tenant responsible for utilities under a modified gross lease.
Where is this flex space located?
The property is located at 3850 NW 2ND Avenue #0030 Boca Raton, FL.
What are key features of this property?
This property features: 1,056 square feet of flex space; Showroom and office area with polished concrete floors; Warehouse area with roll‑up loading door
