Warehouse Flooring
For Sale
Contact for pricing
475 N Cleary Road #2, West Palm Beach, FL 33413
Warehouse space is currently used as a wholesale flooring depot for contractors and purchasers.
Property Size12,910 SF
Days on Market122
Property Features for 475 N Cleary Road #2
General Information
Standard status
Active
Size
12,910 SF
Property subtype
Industrial
Building Details
Year Built
2015
Listing Agency:
Capital Group Realty of South Florida
(561) 801-7701
Listed By:
Astrith F Sua · License #701850
(561) 289-0323
Source:
Lehmannflorida
Added: Jun 24
Changed: Oct 21
Last Checked: Oct 20 at 11:18PM
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 Capital Group Realty of South Florida
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Investment Insights
Based on property information with market context.
This industrial warehouse property is currently operating as a flooring depot supporting wholesale sales to contractors and other purchasers. The space is configured for distribution and storage activities associated with flooring inventory.
Located at 475 N Cleary Road Unit 2 in West Palm Beach, Florida, the property is presented for sale as an income-generating operating warehouse use.
The offering reflects an active flooring depot operation, providing a practical, ready-to-use industrial footprint for buyers seeking an immediately utilized warehouse environment.
Located at 475 N Cleary Road Unit 2 in West Palm Beach, Florida, the property is presented for sale as an income-generating operating warehouse use.
The offering reflects an active flooring depot operation, providing a practical, ready-to-use industrial footprint for buyers seeking an immediately utilized warehouse environment.
Key Highlights
- Year built: 2015
- Warehouse space currently used as a wholesale flooring depot for contractors and purchasers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,368,420
$2.4M
Cap Rate 7%
$1,691,729
$1.7M
Cap Rate 9%
$1,315,789
$1.3M
Market Conditions
NOI Build-Up for 12,910 SF
Gross rent
$185.9K $14.40/SF
− Vacancy
−$16.7K −$1.30/SF
EGI
$169.2K $13.10/SF
− OpEx
−$50.8K −$3.93/SF
NOI
$118.4K $9.17/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,368,420
Cap Rate 7%
$1,691,729
Cap Rate 9%
$1,315,789
Alternative Uses
Best Use
Warehouse
$2.05M
$1.80M – $2.40M
NOI $143,797 @ 7.0% cap · market cap 14,379,700.00%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,421 @ 7.0% cap · market cap 11,842,100.00%
Theoretical Best
Office A
$9.09M
$7.96M – $10.61M
NOI $636,436 @ 7.0% cap · market cap 63,643,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 33413, FL
17,503
Population
6,217
Households
2.8
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
7.2 sq mi
ZIP Area
2,431
Density / Sq Mi
$80,527
Median Household Income
$41,644
Median Earnings
$2,016
Median Rent
$405,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Warehouse space is currently used as a wholesale flooring depot for contractors and purchasers.
Where is this distribution center located?
The property is located at 475 N Cleary Road #2 West Palm Beach, FL.
What are key features of this property?
This property features: Year built: 2015; Warehouse space currently used as a wholesale flooring depot for contractors and purchasers
