Two-Story Flex Space with
4245 Southwest High Meadow Avenue, Palm City, FL 34990
For Sale
Contact for pricing
A conditioned ground-floor warehouse is paired with second-floor office space and a private restroom.
Property Size2,400 SF
Price / SF$202.50
Days on Market30
Property Features for 4245 Southwest High Meadow Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Conditioned Warehouse
Tenant in Place
Property Use
Building Details
Stories
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 4:42PM
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.
This two-level flex unit contains 2,400 SF of space arranged for office and warehouse functions. The ground floor includes an air-conditioned warehouse, an open area suited to office or conference use, and a private restroom. A professional office occupies the upper floor and is leased to an attorney through January 31, 2027. The tenant has indicated interest in staying beyond the current term.
Key Highlights
- 2,400 SF two‑story flex unit
- Air‑conditioned warehouse on the ground floor
- Open ground‑floor area suited to office or conference use, plus a private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,823
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,460
$776.5K
Cap Rate 7%
$554,614
$554.6K
Cap Rate 9%
$431,367
$431.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$48.4K $20.16/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$45.7K $19.03/SF
− OpEx
−$6.9K −$2.85/SF
NOI
$38.8K $16.18/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,460
Cap Rate 7%
$554,614
Cap Rate 9%
$431,367
Alternative Uses
Best Use
Warehouse
$554.6K
$485.3K – $647.1K
NOI $38,823 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$456.7K
$399.7K – $532.9K
NOI $31,972 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$689.6K
$603.4K – $804.5K
NOI $48,269 @ 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
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
$558,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Martin County, FL
Properties on Market for Flex space in Martin County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A conditioned ground-floor warehouse is paired with second-floor office space and a private restroom.
Where is this flex space located?
The property is located at 4245 Southwest High Meadow Avenue Palm City, FL.
What is the asking price?
The asking price for this property is $486,000.
What are key features of this property?
This property features: 2,400 SF two‑story flex unit; Air‑conditioned warehouse on the ground floor; Open ground‑floor area suited to office or conference use, plus a private restroom
