Warehouse End
New
For Sale
$295,000
3925 Investment Ln 32, West Palm Beach, FL 33404
Updated industrial unit with refreshed electrical service, roll-up access, and a remodeled half bath.
Property Size1,000 SF
Price / SF$295
Days on Market3
Property Features for 3925 Investment Ln 32
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Industrial
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
Building Details
Building Size
1,000 SF
Year Built
1985
Stories
1
Units
32
Listing Agency:
SHEPARD REALTY
Listed By:
Caroline Fallon · License #R11028912
(561) 762-3181
Source:
Elliman
Added: Sep 16
Last Checked: Sep 18 at 7:57AM
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 unit at 3925 Investment Ln 32 is configured as an end unit and was built in 1985. The space has been freshly painted and includes an approximately 11.5-foot clear ceiling, a new 6-foot by 7-foot roll-up door, and a remodeled half bath.
Recent improvements include a new 200-amp electrical panel. The property is located in West Palm Beach, Florida, with a Bike Score of 56 and a Walk Score of 33.
Recent improvements include a new 200-amp electrical panel. The property is located in West Palm Beach, Florida, with a Bike Score of 56 and a Walk Score of 33.
Key Highlights
- 1,000 SF warehouse end unit
- Approximately 11.5' clear ceiling height
- New 200 amp electrical panel
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
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Current Use
Lease Details
11 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,228
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Updated industrial unit with refreshed electrical service, roll-up access, and a remodeled half bath.
Where is this warehouse located?
The property is located at 3925 Investment Ln 32 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; Approximately 11.5' clear ceiling height; New 200 amp electrical panel
