Industrial Flex Property with
For Sale
$5,950,000
6861 Garden Road, Riviera Beach, FL 33404
Commercial Sale, Riviera Beach, FL
Property Size16,025 SF
Lot Size147.00 Acres
Price / SF$371.29
Days on Market191
Property Features for 6861 Garden Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG(cit
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Security features
Security System
Directions
BLUE HERON BLVD TO GARDEN ROAD SOUTH TO PROPERTY. PROPERTY ON THE CORNER OF GARDEN ROAD AND INTERSTATE PARK RD N
Subdivision
5290
Standard status
Active
APN
56434231000003070
Size
16,025 SF
Lot size
147.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
31-42-43~ S 440 FT OF N 1050 FT OF E 306.78 FT OF WLY 2262 FT OF NW 1/4 IN OR2260P1825 (LESS N 50 FT OF E 70 FT & PL 1 A
Tax Annual Amount
45017
Legal Description
31-42-43~ S 440 FT OF N 1050 FT OF E 306.78 FT OF WLY 2262 FT OF NW 1/4 IN OR2260P1825 (LESS N 50 FT OF E 70 FT & PL 1 A
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
impact windows and doors
heavy 3 phase power
Building Details
Year built
1988
Floors in Building
2
Number of units
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Jupiter
(561) 427-6100
Listed By:
Kim Cuomo · License #0662253
(561) 339-3002
Added: Mar 3
Changed: Sep 9
Last Checked: Sep 10 at 1:06PM
MLS# R11168466
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 16,025-square-foot flex facility on 1.47 acres includes more than 5,000 square feet of built-out office area and 10,000 square feet of warehouse space. The office component includes more than 12 offices, storage areas, workstations, a lobby, conference rooms, kitchen facilities, and four bathrooms. Warehouse improvements include four overhead doors, a loading dock, 22-foot clear height, concrete flooring, fire sprinklers, impact windows and doors, and heavy three-phase power. The property also has central air, a metal roof, public water, and public sewer.
The corner-lot site is located at 6861 Garden Road in Riviera Beach, with access from Blue Heron Boulevard. Garden Road carries more than 10,000 vehicles per day, while Blue Heron Boulevard carries more than 55,000 vehicles per day. The secured lot provides additional outdoor storage capacity.
The corner-lot site is located at 6861 Garden Road in Riviera Beach, with access from Blue Heron Boulevard. Garden Road carries more than 10,000 vehicles per day, while Blue Heron Boulevard carries more than 55,000 vehicles per day. The secured lot provides additional outdoor storage capacity.
Key Highlights
- 16,025 square feet on a 1.47‑acre site
- More than 5,000 square feet of built‑out office space with over 12 offices
- 10,000‑square‑foot warehouse with 4 overhead doors and a loading dock
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
$424,743
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
7.14%
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%
$8,494,860
$8.5M
Cap Rate 7%
$6,067,757
$6.1M
Cap Rate 9%
$4,719,367
$4.7M
Market Conditions
NOI Build-Up for 16,025 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
$730.7K $45.60/SF
− Vacancy
−$164.4K −$10.26/SF
EGI
$566.3K $35.34/SF
− OpEx
−$141.6K −$8.84/SF
NOI
$424.7K $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%
$8,494,860
Cap Rate 7%
$6,067,757
Cap Rate 9%
$4,719,367
Alternative Uses
Best Use
Office B
$6.07M
$5.31M – $7.08M
NOI $424,743 @ 7.0% cap · market cap 7.14%
Second Best
Flex RnD
$5.04M
$4.41M – $5.87M
NOI $352,486 @ 7.0% cap · market cap 5.92%
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.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Paved road access
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot facility combines professional offices with warehouse space and secured outdoor storage.
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: 16,025 square feet on a 1.47‑acre site; More than 5,000 square feet of built‑out office space with over 12 offices; 10,000‑square‑foot warehouse with 4 overhead doors and a loading dock
