Four-Property Mixed-Use
For Sale
Contact for pricing
508 Nottingham Blvd, West Palm Beach, FL 33405
Assemblage combines industrial, office, and vacant land components near Southern Boulevard and Dixie Highway.
Property Size11,054 SF
Price / SF$767.05
Days on Market54
Property Features for 508 Nottingham Blvd
General Information
Standard status
Active
Size
11,054 SF
Property subtype
Mixed Use, Land, Office, Industrial
Site & Location
Neighborhood
South End Neighborhood Association
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
8,850 SF
Mezzanine
2,204 SF
Building Details
Buildings
2
Building Size
11,054 SF
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
(561) 478-4440
Source:
Crexi
Added: Sep 10
Changed: Oct 26
Last Checked: Nov 1 at 2:38AM
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 Reichel Realty & Investments Inc
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Investment Insights
Based on property information with market context.
This four-property assemblage includes an 8,850-square-foot warehouse with a 2,204-square-foot air-conditioned mezzanine, positioned on a 17,280-square-foot lot. The portfolio also contains an approximately 2,240-square-foot office building with covered parking on an 8,000-square-foot lot, plus two vacant land parcels. One parcel measures 0.11 acres and is zoned MultiFamily; the other is a 10,000-square-foot lot designated for general commercial open storage.
The properties are situated on and near Nottingham Boulevard and Pine Terrace in West Palm Beach, just south of Southern Boulevard and west of Dixie Highway. The largest building occupies the southeast corner of Nottingham Boulevard and Miller Avenue. American Awning Inc. owns and occupies the properties while operating its business from the site.
The properties are situated on and near Nottingham Boulevard and Pine Terrace in West Palm Beach, just south of Southern Boulevard and west of Dixie Highway. The largest building occupies the southeast corner of Nottingham Boulevard and Miller Avenue. American Awning Inc. owns and occupies the properties while operating its business from the site.
Key Highlights
- Four‑property assemblage in West Palm Beach, FL
- 8,850 SF warehouse with 2,204 SF fully air conditioned mezzanine area
- Warehouse sits on a 17,280 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$385,329
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,706,580
$7.7M
Cap Rate 7%
$5,504,700
$5.5M
Cap Rate 9%
$4,281,433
$4.3M
Market Conditions
NOI Build-Up for 11,054 SF
Gross rent
$610.2K $55.20/SF
− Vacancy
−$96.4K −$8.72/SF
EGI
$513.8K $46.48/SF
− OpEx
−$128.4K −$11.62/SF
NOI
$385.3K $34.86/SF
Area
West Palm Beach, FL
Vacancy
15.80%
Lease Rate
$55.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,706,580
Cap Rate 7%
$5,504,700
Cap Rate 9%
$4,281,433
Alternative Uses
Best Use
Office B
$5.50M
$4.82M – $6.42M
NOI $385,329 @ 7.0% cap · market cap 4.54%
Second Best
Mixed Use
$2.40M
$2.10M – $2.80M
NOI $167,800 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$7.78M
$6.81M – $9.08M
NOI $544,939 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
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Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Assemblage combines industrial, office, and vacant land components near Southern Boulevard and Dixie Highway.
Where is this mixed-use property located?
The property is located at 508 Nottingham Blvd West Palm Beach, FL.
What is the asking price?
The asking price for this property is $8,479,000.
What are key features of this property?
This property features: Four‑property assemblage in West Palm Beach, FL; 8,850 SF warehouse with 2,204 SF fully air conditioned mezzanine area; Warehouse sits on a 17,280 SF lot
