Office, Showroom & Flex
For Sale
$1,780,000
4188 Westroads Drive Unit 126, Riviera Beach, FL 33407
Renovated suite with high-bay flex showroom, executive mezzanine, and ground-floor service entry for automotive-focused operations.
Property Size3,000 SF
Price / SF$593.33
Days on Market153
Property Features for 4188 Westroads Drive Unit 126
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$7,451
Amenities
3 Parking Spaces.
Building Details
Year Built
2005
Listing Agency:
Home Deals, LLC
(561) 889-7160
Listed By:
Maribel De La Pena · License #3129535
Source:
Xome
Added: Mar 25
Changed: Aug 23
Last Checked: Aug 24 at 3:54AM
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
Investment Insights
Based on property information with market context.
This fully renovated office, showroom, and flex suite totals 3,000 square feet and is laid out for dual use between public-facing presentation and operational work. The 2,000-square-foot open-concept flex showroom features high-bay ceilings and finished interior space that can support vehicle storage, light assembly, or studio-style production. A 750-square-foot executive mezzanine includes a full kitchen, modern bathroom, and a glass-partitioned conference area with a professional conference table and seating. The ground floor also provides a 250-square-foot service center with built-in service desks, positioned for client intake, logistics management, or a retail-facing counter.
The property is located at 4188 Westroads Drive #126 in Riviera Beach, Florida. It has most recently operated as a Ferrari A1GP Collection Showroom and as an operational hub associated with Taurino Racing’s automotive divisions.
Designed for buyers seeking a turnkey automotive presentation and working environment, the layout supports both customer-facing activity and back-of-house functions in the same facility. In addition, an optional 3-stack car storage rack is available for $30,000, intended to maximize utilization of the high-clearance flex showroom. The suite’s buildout includes dedicated areas for hosting and strategy at the mezzanine level, along with a dedicated service entry at the ground floor, supporting day-to-day client and operational needs.
The property is located at 4188 Westroads Drive #126 in Riviera Beach, Florida. It has most recently operated as a Ferrari A1GP Collection Showroom and as an operational hub associated with Taurino Racing’s automotive divisions.
Designed for buyers seeking a turnkey automotive presentation and working environment, the layout supports both customer-facing activity and back-of-house functions in the same facility. In addition, an optional 3-stack car storage rack is available for $30,000, intended to maximize utilization of the high-clearance flex showroom. The suite’s buildout includes dedicated areas for hosting and strategy at the mezzanine level, along with a dedicated service entry at the ground floor, supporting day-to-day client and operational needs.
Key Highlights
- Renovated 3,000 SF office/flex showroom suite in a 2005‑built building
- 2,000 SF open‑concept flex showroom with high‑bay ceilings for vehicle storage or light assembly
- 750 SF executive mezzanine with full kitchen, modern bathroom, and glass‑partitioned conference area
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
$79,515
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
4.47%
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%
$1,590,300
$1.6M
Cap Rate 7%
$1,135,929
$1.1M
Cap Rate 9%
$883,500
$883.5K
Market Conditions
NOI Build-Up for 3,000 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
$136.8K $45.60/SF
− Vacancy
−$30.8K −$10.26/SF
EGI
$106.0K $35.34/SF
− OpEx
−$26.5K −$8.84/SF
NOI
$79.5K $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%
$1,590,300
Cap Rate 7%
$1,135,929
Cap Rate 9%
$883,500
Alternative Uses
Best Use
Office B
$1.14M
$993.9K – $1.33M
NOI $79,515 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 3.71%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated suite with high-bay flex showroom, executive mezzanine, and ground-floor service entry for automotive-focused operations.
Where is this flex space located?
The property is located at 4188 Westroads Drive Unit 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: Renovated 3,000 SF office/flex showroom suite in a 2005‑built building; 2,000 SF open‑concept flex showroom with high‑bay ceilings for vehicle storage or light assembly; 750 SF executive mezzanine with full kitchen, modern bathroom, and glass‑partitioned conference area
