Flex Office & Warehouse
For Sale
Contact for pricing
Pending
4301 SW High Meadow Ave, Palm City, FL 34990
Office buildout with warehouse ceiling height plus an overhead door and loft storage, within a well-maintained business park.
Property Size1,500 SF
Days on Market56
Property Features for 4301 SW High Meadow Ave
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Office, Industrial, Mixed Use
Zoning
Light Industrial - Martin County
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Building Details
Year Built
2006
Listing Agency:
Florida Commercial Enterprises
Listed By:
Alex Aydelotte · License #BK662112
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 6 at 9:49AM
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
Investment Insights
Based on property information with market context.
This flex unit combines a dedicated office area with a rear warehouse. The front portion includes three offices, a kitchenette, and a restroom, transitioning to a warehouse space with an approximately 18’ ceiling height. An overhead door measuring 10’ x 14’ supports loading and deliveries, and a second-floor loft provides additional storage or work space. The building is constructed with concrete block and is arranged to support both professional and hands-on operational needs.
Located within Palm City Business Park at 4301 SW High Meadow Ave, the unit benefits from an on-site setting with great parking and easy ingress/egress. The property also has rear frontage on Florida’s Turnpike, with close and convenient access to both I-95 and Florida’s Turnpike.
This configuration can work well for tenants that need a functional office suite alongside warehouse capacity and an overhead door for day-to-day operations. If additional warehouse space is required, the unit may be purchased together with the adjacent 1,840 sf Unit (#4299), which is described as a wide-open, fully air-conditioned warehouse space. A low POA fee is noted for the complex, and tours are available by appointment with the listing broker.
Located within Palm City Business Park at 4301 SW High Meadow Ave, the unit benefits from an on-site setting with great parking and easy ingress/egress. The property also has rear frontage on Florida’s Turnpike, with close and convenient access to both I-95 and Florida’s Turnpike.
This configuration can work well for tenants that need a functional office suite alongside warehouse capacity and an overhead door for day-to-day operations. If additional warehouse space is required, the unit may be purchased together with the adjacent 1,840 sf Unit (#4299), which is described as a wide-open, fully air-conditioned warehouse space. A low POA fee is noted for the complex, and tours are available by appointment with the listing broker.
Key Highlights
- 2006‑built office/warehouse flex unit in Palm City Business Park
- Includes 3 offices, a kitchenette, and a restroom with rear warehouse access
- Warehouse has 18’ ceiling height and a 10’ x 14’ overhead door
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
$24,265
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
5.71%
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%
$485,300
$485.3K
Cap Rate 7%
$346,643
$346.6K
Cap Rate 9%
$269,611
$269.6K
Market Conditions
NOI Build-Up for 1,500 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
$30.2K $20.16/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$28.5K $19.03/SF
− OpEx
−$4.3K −$2.85/SF
NOI
$24.3K $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 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%
$485,300
Cap Rate 7%
$346,643
Cap Rate 9%
$269,611
Alternative Uses
Best Use
Warehouse
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$285.5K
$249.8K – $333.1K
NOI $19,983 @ 7.0% cap · market cap 4.70%
Theoretical Best
Retail
$394.1K
$344.8K – $459.8K
NOI $27,585 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
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 - Office buildout with warehouse ceiling height plus an overhead door and loft storage, within a well-maintained business park.
Where is this flex space located?
The property is located at 4301 SW High Meadow Ave Palm City, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2006‑built office/warehouse flex unit in Palm City Business Park; Includes 3 offices, a kitchenette, and a restroom with rear warehouse access; Warehouse has 18’ ceiling height and a 10’ x 14’ overhead door
