Industrial Condo with
For Sale
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5401 N Haverhill Rd, West Palm Beach, FL 33407
Industrial condo featuring 20-foot clear height and ground-level loading into a dedicated warehouse area.
Property Size2,500 SF
Price / SF$460
Days on Market102
Property Features for 5401 N Haverhill Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Construction
tilt-up concrete
Listing Agency:
Douglas Elliman
Listed By:
Gloria Giudici · License #3514951
(561) 801-1535
Source:
Moodyscre
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 28 at 12:10PM
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 includes approximately 2,500 square feet of versatile ground-floor space with office, showroom, and warehouse areas. An additional approximately 1,000 square feet of fully built-out, air-conditioned office space with a mezzanine is included. The property is constructed with solid concrete tilt wall and offers 20-foot clear height ceilings throughout, along with a 10 x 12-foot grade-level loading drive in the bay.
The layout includes separate warehouse area and separate offices on both levels, as well as a break room and bathroom facilities. Ample parking and storage are provided. Built in 2006, the property has a new roof and is described as move-in condition.
For access to distribution routes, the property is positioned on Haverhill with easy access to I-95 and the Turnpike, supporting efficient operations throughout Florida.
The layout includes separate warehouse area and separate offices on both levels, as well as a break room and bathroom facilities. Ample parking and storage are provided. Built in 2006, the property has a new roof and is described as move-in condition.
For access to distribution routes, the property is positioned on Haverhill with easy access to I-95 and the Turnpike, supporting efficient operations throughout Florida.
Key Highlights
- Approx. 2,500 sqft ground‑floor office, showroom, and warehouse space, plus approx. 1,000 sqft built‑out air‑conditioned office and mezzanine
- 20‑ft clear height ceilings throughout and separate warehouse area with dedicated grade‑level loading
- 10 x 12‑ft grade‑level loading drive in bay for warehouse access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,147
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,940
$1.7M
Cap Rate 7%
$1,244,957
$1.2M
Cap Rate 9%
$968,300
$968.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$138.0K $55.20/SF
− Vacancy
−$21.8K −$8.72/SF
EGI
$116.2K $46.48/SF
− OpEx
−$29.0K −$11.62/SF
NOI
$87.1K $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%
$1,742,940
Cap Rate 7%
$1,244,957
Cap Rate 9%
$968,300
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,147 @ 7.0% cap · market cap 7.58%
Second Best
Warehouse
$397.8K
$348.1K – $464.1K
NOI $27,846 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,245 @ 7.0% cap · market cap 10.72%
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
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo featuring 20-foot clear height and ground-level loading into a dedicated warehouse area.
Where is this flex space located?
The property is located at 5401 N Haverhill Rd West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approx. 2,500 sqft ground‑floor office, showroom, and warehouse space, plus approx. 1,000 sqft built‑out air‑conditioned office and mezzanine; 20‑ft clear height ceilings throughout and separate warehouse area with dedicated grade‑level loading; 10 x 12‑ft grade‑level loading drive in bay for warehouse access
