Flex Space with
For Sale
$1,780,000
4188 Westroads Drive 126, Riviera Beach, FL 33407
A mezzanine adds kitchen, bathroom, and conference facilities to the open showroom and ground-floor service area.
Property Size3,000 SF
Price / SF$593.33
Days on Market216
Property Features for 4188 Westroads Drive 126
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Additional Details
Floor
Ground, Mezzanine
Mezzanine
750 SF
Property Use
Office & Flex Showroom
Taxes and HOA fees
Annual Taxes
$7,451
Amenities
Full Kitchen
Modern Bathroom
Glass-Partitioned Conference Area
Building Details
Building Size
3,000 SF
Year Built
2005
Listing Agency:
Home Deals, LLC
Listed By:
Maribel De La Pena · License #3129535
(561) 714-0700
Source:
Fraterrealty
Added: Mar 27
Changed: Oct 27
Last Checked: Oct 27 at 3:21AM
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 Home Deals, LLC
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Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property combines an open showroom area with separate office and service functions. The 2,000-square-foot main floor has high ceilings, while a 250-square-foot ground-floor area includes built-in service desks. Above it, a 750-square-foot mezzanine provides a kitchen, bathroom, and glass-partitioned conference room. The property was built in 2005 and has been renovated. It most recently served as a showroom for the Ferrari A1GP Collection and was previously used as Taurino Racing’s headquarters.
Key Highlights
- 3,000 square feet total
- 2,000‑square‑foot open showroom with high ceilings
- 750‑square‑foot mezzanine with kitchen, bathroom, and glass‑partitioned conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,988
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
$1.3M
Cap Rate 7%
$942,686
$942.7K
Cap Rate 9%
$733,200
$733.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$108.0K $36.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$101.5K $33.84/SF
− OpEx
−$35.5K −$11.84/SF
NOI
$66.0K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,760
Cap Rate 7%
$942,686
Cap Rate 9%
$733,200
Alternative Uses
Best Use
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Balanced
Demand for This Use
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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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A mezzanine adds kitchen, bathroom, and conference facilities to the open showroom and ground-floor service area.
Where is this flex space located?
The property is located at 4188 Westroads Drive 126 Riviera Beach, FL.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: 3,000 square feet total; 2,000‑square‑foot open showroom with high ceilings; 750‑square‑foot mezzanine with kitchen, bathroom, and glass‑partitioned conference room
