Denny's Breakfast & Diner
New
For Sale
$3,500,000
4102 Blue Heron Blvd, Riviera Beach, FL 33404
Existing restaurant building on a commercial site with CG zoning, billboard lease income, and vacancy planned at closing.
Property Size5,204 SF
Lot Size1.00 Acre
Price / SF$672.56
Days on Market3
Property Features for 4102 Blue Heron Blvd
General Information
Standard status
Active
Size
5,204 SF
Lot size
1.00 Acre
Property subtype
Vacant-User
Zoning
CG General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Amenities
billboard
1 Acre Parcel with Interstate 95 Visibility • Billboard Income of at l east $40,000 Annually
Directly adjacent to I-95 • Extremely G C Liberal Zoning • 270+ feet of Direct Frontage on W. Blue Heron Blvd.
Surrounded by a mix of Nation al Tenants and a Dense Residential Component • Prime Palm Beach County • 5,204 Square Foot Building • Delivered Vacant Upon Sale
Building Details
Building Size
5,204 SF
Year Built
1982
Listing Agency:
Fort Lauderdale Office
(954) 245-3417
Listed By:
Howard Bregman · License #License(s): FL: SL3233326
(954) 245-3417
Source:
Marcusmillichap
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 28 at 7:00AM
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 Fort Lauderdale Office
Investment Insights
Based on property information with market context.
The property includes a 5,204-square-foot restaurant building constructed in 1982 on a 1-acre parcel. The existing Denny’s operation will be delivered vacant upon sale, while a billboard on the property is subject to a new 10-year lease. A large parking field serves the site.
CG General Commercial zoning supports a broad range of retail and service-oriented uses, including restaurants, hotels or motels, personal services, specialty medical facilities, car dealerships, churches, educational buildings, assisted living, and hospitals. The property sits at 4102 Blue Heron Blvd in Riviera Beach, immediately west of Interstate 95 and approximately 8 miles north of Palm Beach International Airport. Surrounding operators include McDonald’s, Burger King, RaceTrac, Chevron, Super 8, El Car Wash, Ed Morse Honda, and I-95 Nissan.
CG General Commercial zoning supports a broad range of retail and service-oriented uses, including restaurants, hotels or motels, personal services, specialty medical facilities, car dealerships, churches, educational buildings, assisted living, and hospitals. The property sits at 4102 Blue Heron Blvd in Riviera Beach, immediately west of Interstate 95 and approximately 8 miles north of Palm Beach International Airport. Surrounding operators include McDonald’s, Burger King, RaceTrac, Chevron, Super 8, El Car Wash, Ed Morse Honda, and I-95 Nissan.
Key Highlights
- 5,204‑square‑foot restaurant building on a 1‑acre parcel
- Existing Denny’s building to be vacant upon sale
- CG General Commercial zoning allows broad retail and service uses
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
$100,182
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
2.86%
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%
$2,003,640
$2.0M
Cap Rate 7%
$1,431,171
$1.4M
Cap Rate 9%
$1,113,133
$1.1M
Market Conditions
NOI Build-Up for 5,204 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
$143.6K $27.60/SF
− Vacancy
−$10.1K −$1.93/SF
EGI
$133.6K $25.67/SF
− OpEx
−$33.4K −$6.42/SF
NOI
$100.2K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /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%
$2,003,640
Cap Rate 7%
$1,431,171
Cap Rate 9%
$1,113,133
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,182 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.21M – $4.28M
NOI $256,546 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Under-served
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Denny's — 4102 W Blue Heron Blvd, Riviera Beach, FL 33404
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Existing restaurant building on a commercial site with CG zoning, billboard lease income, and vacancy planned at closing.
Where is this breakfast & diner located?
The property is located at 4102 Blue Heron Blvd Riviera Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 5,204‑square‑foot restaurant building on a 1‑acre parcel; Existing Denny’s building to be vacant upon sale; CG General Commercial zoning allows broad retail and service uses
