Flex Space with Drive-In
For Sale
$999,000
5401 N Haverhill Road #126, West Palm Beach, FL 33407
Ground-floor warehouse, showroom, and office areas are complemented by built-out air-conditioned mezzanine space.
Property Size3,500 SF
Price / SF$285.43
Days on Market90
Property Features for 5401 N Haverhill Road #126
General Information
Standard status
Active
Size
3,500 SF
Zoning
IPD(ci
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Floor
Ground Floor
Taxes and HOA fees
Annual Taxes
$8,598
Amenities
break room
Building Details
Building Size
3,500 SF
Year Built
2006
Stories
2
Construction
tilt-up concrete
Listing Agency:
Douglas Elliman
Listed By:
Paul Bergman · License #3248699
(561) 655-8600
Source:
Laerrealty
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 16 at 6:22AM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
This industrial condo combines approximately 2,500 sqft of ground-floor office, showroom, and warehouse area with an additional approx 1,000 sqft of fully built-out, air-conditioned office and mezzanine space. The layout includes separate warehouse and office areas on both levels, a break room, bathroom facilities, and a 10 x 12 ft grade-level drive-in loading bay. Solid concrete tilt wall construction and a new roof add to the property’s physical profile; the building was built in 2006.
The property is located on Haverhill in West Palm Beach, with access to I-95 and the Turnpike. The site also includes parking and storage areas, supporting office, showroom, warehouse, and distribution functions.
The property is located on Haverhill in West Palm Beach, with access to I-95 and the Turnpike. The site also includes parking and storage areas, supporting office, showroom, warehouse, and distribution functions.
Key Highlights
- Approximately 2,500 sqft of ground‑floor office, showroom, and warehouse space
- Additional approx 1,000 sqft of built‑out, air‑conditioned office and mezzanine area
- 20ft clear height ceilings throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,984
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,680
$779.7K
Cap Rate 7%
$556,914
$556.9K
Cap Rate 9%
$433,156
$433.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$50.4K $14.40/SF
− Vacancy
−$4.5K −$1.30/SF
EGI
$45.9K $13.10/SF
− OpEx
−$6.9K −$1.97/SF
NOI
$39.0K $11.14/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,680
Cap Rate 7%
$556,914
Cap Rate 9%
$433,156
Alternative Uses
Best Use
Office B
$1.74M
$1.53M – $2.03M
NOI $122,006 @ 7.0% cap · market cap 12.21%
Second Best
Warehouse
$556.9K
$487.3K – $649.7K
NOI $38,984 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.46M
$2.16M – $2.88M
NOI $172,543 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Ground-floor warehouse, showroom, and office areas are complemented by built-out air-conditioned mezzanine space.
Where is this flex space located?
The property is located at 5401 N Haverhill Road #126 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Approximately 2,500 sqft of ground‑floor office, showroom, and warehouse space; Additional approx 1,000 sqft of built‑out, air‑conditioned office and mezzanine area; 20ft clear height ceilings throughout
