Corner Office
For Sale
$625,000
631 US Highway 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 Market150
Property Features for 631 US Highway 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: Oct 22
Last Checked: Oct 22 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,039-square-foot office unit is on a 1.65-acre site at 631 US Highway 1 in North Palm Beach. Built in 1985, the building has CBS construction, wood flooring, central heating and central air conditioning. Assigned parking is provided.
The property is zoned CA (city) and has public water and sewer service, with cable available.
The property is zoned CA (city) and has public water and sewer service, with cable available.
Key Highlights
- 2,039 square feet of office space on a 1.65‑acre site
- Corner office location at 631 US Highway 1, North Palm Beach
- Built in 1985 with CBS construction and wood flooring
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The 1985 space includes assigned parking and central heating and air conditioning.
Where is this office unit located?
The property is located at 631 US Highway 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 feet of office space on a 1.65‑acre site; Corner office location at 631 US Highway 1, North Palm Beach; Built in 1985 with CBS construction and wood flooring
