Office Condominium
For Sale
$919,800
Pending
4800 N Federal Hwy 108d, Boca Raton, FL 33431
For-sale office units on Federal Hwy, with car-dependent mobility metrics based on Walk/Bike/Transit scores.
Property Size2,044 SF
Days on Market56
Property Features for 4800 N Federal Hwy 108d
General Information
Standard status
Pending
Size
2,044 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,132
Building Details
Building Size
2,044 SF
Year Built
1985
Stories
3
Units
1
Listing Agency:
Commercial Florida
(561) 338-9950
Listed By:
George Sacks
(561) 338-9950
Source:
Elliman
Added: Jun 14
Changed: Aug 8
Last Checked: Jul 23 at 8:49AM
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 Commercial Florida
Investment Insights
Based on property information with market context.
This offering is for-sale office condominium units, marketed as office spaces within a commercial real estate asset. The available information does not specify unit count, suite sizes, interior condition, or on-site improvements, so details of the specific layout and finish should be confirmed as part of due diligence.
The property is located at 4800 N Federal Hwy 108d in Boca Raton, Florida. Mobility metrics provided indicate the area is somewhat bikeable (bikeScore 41) and somewhat walkable (walkScore 34), with transitScore 28 reflecting a more car-dependent environment.
As an office-focused asset, this property may fit tenants or buyers looking for a condominium-style setup for professional use. Given the limited physical and amenity specifics in the provided remarks, prospective parties should verify the configuration of the office units, accessibility details, and any building or common-area features that would affect day-to-day operations.
The property is located at 4800 N Federal Hwy 108d in Boca Raton, Florida. Mobility metrics provided indicate the area is somewhat bikeable (bikeScore 41) and somewhat walkable (walkScore 34), with transitScore 28 reflecting a more car-dependent environment.
As an office-focused asset, this property may fit tenants or buyers looking for a condominium-style setup for professional use. Given the limited physical and amenity specifics in the provided remarks, prospective parties should verify the configuration of the office units, accessibility details, and any building or common-area features that would affect day-to-day operations.
Key Highlights
- Office units for sale on Federal Hwy
- Year built: 1985
- Walk Score: 34 (car‑dependent)
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
$54,176
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
5.89%
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%
$1,083,520
$1.1M
Cap Rate 7%
$773,943
$773.9K
Cap Rate 9%
$601,956
$602.0K
Market Conditions
NOI Build-Up for 2,044 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
$93.2K $45.60/SF
− Vacancy
−$21.0K −$10.26/SF
EGI
$72.2K $35.34/SF
− OpEx
−$18.1K −$8.84/SF
NOI
$54.2K $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%
$1,083,520
Cap Rate 7%
$773,943
Cap Rate 9%
$601,956
Alternative Uses
Best Use
Office B
$773.9K
$677.2K – $902.9K
NOI $54,176 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,765 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
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?
Office units - For-sale office units on Federal Hwy, with car-dependent mobility metrics based on Walk/Bike/Transit scores.
Where is this office units located?
The property is located at 4800 N Federal Hwy 108d Boca Raton, FL.
What is the asking price?
The asking price for this property is $919,800.
What are key features of this property?
This property features: Office units for sale on Federal Hwy; Year built: 1985; Walk Score: 34 (car‑dependent)
