Industrial Condo with
5401 N Haverhill Rd West Palm Beach, FL 33407
For Sale
Contact for pricing
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 Market9
Property Features for 5401 N Haverhill Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Listing Agency:
Douglas Elliman
(310) 498-4883
Listed By:
Gloria Giudici · License #3248699
(561) 801-1535
Source:
Moodyscre
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 29 at 3:49PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.0k | $55.20 |
| − Vacancy | −$21.8k | −$8.72 |
| EGI | $116.2k | $46.48 |
| − OpEx | −$29.0k | −$11.62 |
| NOI | $87.1k | $34.86 |
2,500 SF · lease $55.20/SF/yr · vacancy 15.80% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
