Flex Space with Grade-Level
For Sale
$1,150,000
5401 N Haverhill Road, West Palm Beach, FL 33407
COMMERCIAL - West Palm Beach, FL
Property Size3,500 SF
Price / SF$328.57
Days on Market179
Property Features for 5401 N Haverhill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IPD(ci
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Security features
Security System
Directions
Directions I95 to 45th St - West to Haverhill. Head South, Property is on right hand side.
Subdivision
5400
Standard status
Active
APN
74424302090001260
Size
3,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST PALM BEACH COMMERCE PARK CONDOMINIUM UNIT 126
Tax Annual Amount
8598
HOA Fee
$9,600 Annually
Legal Description
WEST PALM BEACH COMMERCE PARK CONDOMINIUM UNIT 126
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
break room
bathroom facilities
Building Details
Year built
2006
Floors in Building
2
Number of units
1
Flooring type
Marble, Tile - Ceramic, Concrete
Building materials
Concrete, Pre-Cast Concrete Construction
Listing Agency:
Douglas Elliman
(561) 655-8600
Listed By:
Paul Bergman LLC · License #3248699
(561) 655-8600
Added: Feb 6
Changed: Jul 31
Last Checked: Aug 4 at 9:06AM
MLS# R11161416
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial condo flex space offers versatile ground-floor office, showroom, and warehouse use, with approximately 2,500 SF of ground-level space plus an additional approximately 1,000 SF of fully built-out, air-conditioned office and mezzanine. The facility is supported by solid concrete tilt wall construction and features 20ft clear height ceilings throughout, with a 10 x 12 ft grade-level loading drive in the bay. The layout includes separate warehouse and separate offices on both levels, along with a break room and bathroom facilities.
The property includes central air and marble, ceramic tile, and concrete flooring. It also provides ample parking and storage. Built in 2006, the condo has a new roof and is serviced by public water and public sewer, with cable available. Located on N Haverhill Road in West Palm Beach, it provides easy access to I-95 and the Turnpike for distribution throughout Florida.
This configuration is well suited to an owner user needing both office/showroom presence and warehouse operations under one roof.
The property includes central air and marble, ceramic tile, and concrete flooring. It also provides ample parking and storage. Built in 2006, the condo has a new roof and is serviced by public water and public sewer, with cable available. Located on N Haverhill Road in West Palm Beach, it provides easy access to I-95 and the Turnpike for distribution throughout Florida.
This configuration is well suited to an owner user needing both office/showroom presence and warehouse operations under one roof.
Key Highlights
- Approximately 2,500 SF ground‑floor office/showroom/warehouse plus approximately 1,000 SF air‑conditioned office and mezzanine
- 20ft clear height ceilings throughout
- 10 x 12 ft grade‑level loading drive in the bay
Financial Insights For Retail
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 | $75.6k | $21.60 |
| − Vacancy | −$4.9k | −$1.40 |
| EGI | $70.7k | $20.20 |
| − OpEx | −$21.2k | −$6.06 |
| NOI | $49.5k | $14.14 |
3,500 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.53M – $2.03M
NOI $122,006 @ 7.0% cap · market cap 10.61%
Second Best
Retail
$706.9K
$618.5K – $824.7K
NOI $49,480 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.46M
$2.16M – $2.88M
NOI $172,543 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space built in 2006 with central air, ground-floor office/showroom/warehouse, and grade-level loading in a separate loading bay.
Where is this flex space located?
The property is located at 5401 N Haverhill Road 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: Approximately 2,500 SF ground‑floor office/showroom/warehouse plus approximately 1,000 SF air‑conditioned office and mezzanine; 20ft clear height ceilings throughout; 10 x 12 ft grade‑level loading drive in the bay
