Multi-Room Office
For Sale
Contact for pricing
407 26th Street, West Palm Beach, FL 33407
A kitchen, full bathroom, central air, and two dedicated parking spaces support day-to-day office use.
Property Size790 SF
Price / SF$2.27
Days on Market51
Property Features for 407 26th Street
General Information
Standard status
Active
Size
790 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Site & Location
Neighborhood
Old Northwood Historic Neighborhood
Additional Details
Property Use
Office
Amenities
kitchen area
full bathroom
central air
Building Details
Year Built
1950
Listing Agency:
Logan Realty Inc
Listed By:
Rhys R Hollyman · License #3034120
(561) 351-1686
Source:
Isaacsrealestate
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 2:35PM
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 Logan Realty Inc
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Investment Insights
Based on property information with market context.
This 1,612-square-foot office unit contains multiple rooms, a kitchen area, and a full bathroom. Central air and two dedicated parking spaces are also part of the property. The building dates to 1950.
At 407 26th Street in West Palm Beach, the property is minutes from Northwood Village, Downtown West Palm Beach, Flagler Drive, restaurants, shops, and waterfront destinations. Its location also provides access to the surrounding Northwood and downtown areas.
At 407 26th Street in West Palm Beach, the property is minutes from Northwood Village, Downtown West Palm Beach, Flagler Drive, restaurants, shops, and waterfront destinations. Its location also provides access to the surrounding Northwood and downtown areas.
Key Highlights
- Approximately 1,612 SF of office space
- Multiple rooms, a kitchen area, and a full bathroom
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,760
$550.8K
Cap Rate 7%
$393,400
$393.4K
Cap Rate 9%
$305,978
$306.0K
Market Conditions
NOI Build-Up for 790 SF
Gross rent
$43.6K $55.20/SF
− Vacancy
−$6.9K −$8.72/SF
EGI
$36.7K $46.48/SF
− OpEx
−$9.2K −$11.62/SF
NOI
$27.5K $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 Rate 5%
$550,760
Cap Rate 7%
$393,400
Cap Rate 9%
$305,978
Alternative Uses
Best Use
Office B
$393.4K
$344.2K – $459.0K
NOI $27,538 @ 7.0% cap · market cap 1,534.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.4K
$486.8K – $649.1K
NOI $38,945 @ 7.0% cap · market cap 2,169.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A kitchen, full bathroom, central air, and two dedicated parking spaces support day-to-day office use.
Where is this office unit located?
The property is located at 407 26th Street West Palm Beach, FL.
What are key features of this property?
This property features: Approximately 1,612 SF of office space; Multiple rooms, a kitchen area, and a full bathroom; Central air conditioning
