Single-Story Office
For Sale
Contact for pricing
3896 Burns Road, Palm Beach Gardens, FL 33410
Five-suite commercial property with owner-user or tenant availability and separate electrical and HVAC systems for each suite.
Property Size6,000 SF
Price / SF$541.67
Days on Market52
Property Features for 3896 Burns Road
General Information
Standard status
Active
Size
6,000 SF
Class
C
Property subtype
Office, Mixed Use
Occupancy
63%
Additional Details
Office Units
5
Building Details
Year Built
1968
Year Renovated
2019
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
Source:
Crexi
Added: Jul 29
Changed: Sep 11
Last Checked: Sep 16 at 1:43PM
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 approximately 6,000-square-foot office building was constructed as a single-story, five-suite commercial property. Suites 101, 102, and 103 together provide approximately 3,781 square feet for an owner-user or incoming tenant arrangements. Each suite has its own electrical service and HVAC, while impact glass is installed throughout the building. A roof system was added in 2019.
The property occupies the southeast corner of Burns Road and Riverside Drive in Palm Beach Gardens. Palm Beach Gardens government offices, along with fire and police stations, are approximately 1 mile west along Burns Road and Military Trail. The Gardens Logistical Facility is positioned east of the property.
The property occupies the southeast corner of Burns Road and Riverside Drive in Palm Beach Gardens. Palm Beach Gardens government offices, along with fire and police stations, are approximately 1 mile west along Burns Road and Military Trail. The Gardens Logistical Facility is positioned east of the property.
Key Highlights
- Approximately 6,000 SF single‑story office building
- Five suites with approximately 3,781 SF across Suites 101, 102 and 103
- Suites 101, 102 and 103 available for an owner‑user or new tenant(s)
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
$159,030
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
4.89%
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%
$3,180,600
$3.2M
Cap Rate 7%
$2,271,857
$2.3M
Cap Rate 9%
$1,767,000
$1.8M
Market Conditions
NOI Build-Up for 6,000 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
$273.6K $45.60/SF
− Vacancy
−$61.6K −$10.26/SF
EGI
$212.0K $35.34/SF
− OpEx
−$53.0K −$8.84/SF
NOI
$159.0K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$3,180,600
Cap Rate 7%
$2,271,857
Cap Rate 9%
$1,767,000
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $159,030 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,788 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
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Business Placement
Demographics for 33410, FL
35,946
Population
17,830
Households
2
Avg Household Size
47
Median Age
47%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
3,153
Density / Sq Mi
$96,059
Median Household Income
$47,169
Median Earnings
$2,193
Median Rent
$469,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Five-suite commercial property with owner-user or tenant availability and separate electrical and HVAC systems for each suite.
Where is this office building located?
The property is located at 3896 Burns Road Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 6,000 SF single‑story office building; Five suites with approximately 3,781 SF across Suites 101, 102 and 103; Suites 101, 102 and 103 available for an owner‑user or new tenant(s)
