Corner Office
For Sale
$625,000
631 Us-1, North Palm Beach, FL
Commercial Sale, North Palm Beach, FL
Property Size2,039 SF
Lot Size1.65 Acres
Price / SF$306.52
Days on Market143
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Property Features for 631 Us-1
General Information
Property type
Residential
Property subtype
Office
Zoning
CA (city)
Parking
196
Parking features
Assigned
Subdivision
5250
Standard status
Active
APN
68434216300003050
Size
2,039 SF
Lot size
1.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ATRIUM OFFICE CONDOMINIUM UNIT 305
Tax Annual Amount
8148
HOA Fee
$4,285 Quarterly
Legal Description
ATRIUM OFFICE CONDOMINIUM UNIT 305
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
4
Flooring type
Wood
Building materials
CBS
Listing Agency:
The Keyes Company
(561) 845-6036
Listed By:
Robert C Armstrong Jr. · License #3129891
(561) 371-3787
Added: May 26
Changed: Sep 15
Last Checked: Oct 15 at 6:06PM
MLS# B26034340
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 office unit contains 2,039 square feet within a CBS-constructed building completed in 1985. Interior features include wood flooring, central heating, and central air conditioning, with assigned parking provided for occupants. The property is designated CA by the city and includes cable availability.
Located at 631 US-1 in North Palm Beach, the property is served by public water and public sewer systems. Its corner positioning and office classification support continued professional-use functionality within the existing commercial setting.
Located at 631 US-1 in North Palm Beach, the property is served by public water and public sewer systems. Its corner positioning and office classification support continued professional-use functionality within the existing commercial setting.
Key Highlights
- 2,039‑square‑foot office unit
- CA (city) zoning
- CBS construction; built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,044
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,880
$1.1M
Cap Rate 7%
$772,057
$772.1K
Cap Rate 9%
$600,489
$600.5K
Market Conditions
NOI Build-Up for 2,039 SF
Gross rent
$93.0K $45.60/SF
− Vacancy
−$20.9K −$10.26/SF
EGI
$72.1K $35.34/SF
− OpEx
−$18.0K −$8.84/SF
NOI
$54.0K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,880
Cap Rate 7%
$772,057
Cap Rate 9%
$600,489
Alternative Uses
Best Use
Office B
$772.1K
$675.6K – $900.7K
NOI $54,044 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,518 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - CBS-built office space with assigned parking, central heating and cooling, and public water and sewer service.
Where is this office units located?
The property is located at 631 Us-1 North Palm Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,039‑square‑foot office unit; CA (city) zoning; CBS construction; built in 1985
