Mixed-Use Property with Salon
4241 Southwest High Meadow Avenue, Palm City, FL 34990
For Sale
Contact for pricing
Two floors combine private offices, open work areas, and a ground-level salon configuration.
Property Size4,800 SF
Price / SF$202.50
Days on Market30
Property Features for 4241 Southwest High Meadow Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Amenities
private offices
breakroom
open work areas
private restrooms
small warehouse with roll-up door
ADA chair lift
hair salon build-out
washer/dryer hookups
Building Details
Stories
Tenancy
Listing Agency:
Florida Commercial Enterprises
Listed By:
Albert Brown · License FL #3072206
(772) 631-7989
Source:
Crexi
Added: Oct 11
Changed: Nov 8
Last Checked: Nov 8 at 5:52PM
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 Florida Commercial Enterprises
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Investment Insights
Based on property information with market context.
The 4,800-square-foot property spans two floors and includes 12 private offices, open work areas, a breakroom, and private restrooms. A small warehouse with a roll-up door adds storage or work space, while an ADA chair lift connects the levels. The ground floor has an existing hair salon setup with plumbing and washer/dryer hookups. General commercial retail zoning is in place. The current tenant is scheduled to vacate by January 31, 2027.
Key Highlights
- 4,800 SF across two floors with 12 private offices
- Ground‑floor salon build‑out includes plumbing and washer/dryer hookups
- Small warehouse with roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,271
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,420
$1.8M
Cap Rate 7%
$1,261,014
$1.3M
Cap Rate 9%
$980,789
$980.8K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$129.6K $27.00/SF
− Vacancy
−$3.5K −$0.73/SF
EGI
$126.1K $26.27/SF
− OpEx
−$37.8K −$7.88/SF
NOI
$88.3K $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,420
Cap Rate 7%
$1,261,014
Cap Rate 9%
$980,789
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,271 @ 7.0% cap · market cap 9.08%
Second Best
Mixed Use
$875.3K
$765.9K – $1.02M
NOI $61,268 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,538 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Tractor Supply Co.
Home Improvements & Furnishings
6,922 visits/mo
0.5 miles
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two floors combine private offices, open work areas, and a ground-level salon configuration.
Where is this mixed-use property located?
The property is located at 4241 Southwest High Meadow Avenue Palm City, FL.
What is the asking price?
The asking price for this property is $972,000.
What are key features of this property?
This property features: 4,800 SF across two floors with 12 private offices; Ground‑floor salon build‑out includes plumbing and washer/dryer hookups; Small warehouse with roll‑up door
