Riviera Beach Industrial Property For
For Sale
$5,950,000
Pending
6861 Garden Road, Riviera Beach, FL 33404
16,025 SF industrial property on 1.47 acres.
Property Size16,025 SF
Lot Size1.47 Acres
Days on Market187
Property Features for 6861 Garden Road
General Information
Standard status
Pending
Size
16,025 SF
Lot size
1.47 Acres
Zoning
IG(cit
Taxes and HOA fees
Annual Taxes
$45,017
Building Details
Building Size
16,025 SF
Year Built
1988
Stories
2
Listing Agency:
Keller Williams Realty Jupiter
Listed By:
Kim Cuomo · License #0662253
(561) 339-3002
Source:
Laerrealty
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 12:56PM
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 Keller Williams Realty Jupiter
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property offers 16,025 square feet of space on a 1.47-acre corner lot. The property is located directly on Garden Road, which sees over 10,000 vehicles per day, and has access from Blue Heron Boulevard, a commercial corridor with over 55,000 vehicles per day. Zoned IG, the site supports a wide range of industrial and business uses. The building features over 5,000 square feet of professional office space, including over 12 offices, storage spaces, workstations, a lobby, conference rooms, and kitchen facilities. The warehouse space is 10,000 square feet and includes 4 overhead doors, a loading dock, and a large, secured lot for additional storage. Additional features include impact windows and doors, fire sprinklers, heavy 3-phase power, and a 22-foot clear height. The property is somewhat bikeable with a bike score of 34 and has some transit options with a transit score of 31. The property is car-dependent with a walk score of 14.
Key Highlights
- Prime corner‑lot location on Garden Road, high visibility with great access.
- 16,025 sq ft industrial building on 1.47 acres, great for owner‑users or investors.
- IG zoning supports various industrial and business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,486
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,049,720
$7.0M
Cap Rate 7%
$5,035,514
$5.0M
Cap Rate 9%
$3,916,511
$3.9M
Market Conditions
NOI Build-Up for 16,025 SF
Gross rent
$576.9K $36.00/SF
− Vacancy
−$34.6K −$2.16/SF
EGI
$542.3K $33.84/SF
− OpEx
−$189.8K −$11.84/SF
NOI
$352.5K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,049,720
Cap Rate 7%
$5,035,514
Cap Rate 9%
$3,916,511
Alternative Uses
Best Use
Flex RnD
$5.04M
$4.41M – $5.87M
NOI $352,486 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$2.47M
$2.16M – $2.88M
NOI $173,001 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$11.29M
$9.87M – $13.17M
NOI $789,999 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hugo's Gourmet Catering — 7535 Enterprise Dr, West Palm Beach, FL 33404
- Hugo's Gourmet Foods — 7535 enterprise dr #60, west palm beach, fl 33404
Frequently Asked Questions
What type of property is this?
Flex space - 16,025 SF industrial property on 1.47 acres.
Where is this flex space located?
The property is located at 6861 Garden Road Riviera Beach, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime corner‑lot location on Garden Road, high visibility with great access.; 16,025 sq ft industrial building on 1.47 acres, great for owner‑users or investors.; IG zoning supports various industrial and business uses.
