Office Condo with
For Sale
Contact for pricing
658 W Indiantown Rd, Jupiter, FL 33458
Upgraded office condo with 10-foot ceilings, ceramic tile, multiple offices, conference room, kitchen area, and two restrooms.
Property Size2,000 SF
Price / SF$450
Days on Market156
Property Features for 658 W Indiantown Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail, Office
Additional Details
Clear Height
10 ft
Listing Agency:
Anaheim Properties Inc
Listed By:
Allen Marcovitch · License #FL BK401549
(561) 369-5993
Source:
Crexi
Added: Apr 6
Changed: Sep 5
Last Checked: Sep 7 at 10:14AM
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 Anaheim Properties Inc
Investment Insights
Based on property information with market context.
This upgraded office condo offers approximately 2,000 square feet with 10-foot ceilings and ceramic tile flooring. The interior is configured with three separate offices, a conference room, a kitchen/break area, two bathrooms, and a large reception area. Additional file and storage rooms support day-to-day operations, and the layout includes many windows to provide natural light throughout the space.
The property is located at 658 W Indiantown Rd in Jupiter, FL 33458. It is presented as being immediately ready for occupancy, with both for-sale and lease options described in the remarks.
The property is located at 658 W Indiantown Rd in Jupiter, FL 33458. It is presented as being immediately ready for occupancy, with both for-sale and lease options described in the remarks.
Key Highlights
- Upgraded office condo with 2,000 SF and 10‑ft ceilings
- Ceramic tile flooring throughout
- Layout includes 3 separate offices plus a large reception area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,200
$1.1M
Cap Rate 7%
$757,286
$757.3K
Cap Rate 9%
$589,000
$589.0K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$91.2K $45.60/SF
− Vacancy
−$20.5K −$10.26/SF
EGI
$70.7K $35.34/SF
− OpEx
−$17.7K −$8.84/SF
NOI
$53.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,200
Cap Rate 7%
$757,286
Cap Rate 9%
$589,000
Alternative Uses
Best Use
Office B
$757.3K
$662.6K – $883.5K
NOI $53,010 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,596 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 33458, FL
55,083
Population
23,121
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
20.4 sq mi
ZIP Area
2,700
Density / Sq Mi
$107,626
Median Household Income
$48,448
Median Earnings
$2,090
Median Rent
$550,700
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?
Office units - Upgraded office condo with 10-foot ceilings, ceramic tile, multiple offices, conference room, kitchen area, and two restrooms.
Where is this office units located?
The property is located at 658 W Indiantown Rd Jupiter, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Upgraded office condo with 2,000 SF and 10‑ft ceilings; Ceramic tile flooring throughout; Layout includes 3 separate offices plus a large reception area
