Multi-Tenant Warehouse with
7001 Norton Avenue West Palm Beach, FL 33405
7001 Norton Avenue, West Palm Beach, FL, 33405
Contact for pricing
For Sale
Contact for pricing
Own a 9,000 SF multi-tenant warehouse with four in-place tenants on 0.47 acres.
Property Size9,000 SF
Lot Size0.47 Acres
Price / SF$333.33
Days on Market282
Property Features for 7001 Norton Avenue
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.47 Acres
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 1986
Listing Agency
The Corcoran Group
Listed by
Frances Frisbie
Source
Crexi
Added: Oct 9, 2025 Checked: Jul 16 at 8:07 am
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 The Corcoran Group
Investment Insights
Based on property information with market context.
This offering features a 9,000 SF warehouse property situated on a 0.47-acre site. The building is currently occupied by four existing tenants, providing in-place income. The property also presents an ownership path for buyers looking to reimagine the site for future development.
Located within The Park and SoSo’s warehouse district, the property offers convenient proximity to major local destinations. It is about 5 miles to the WPB airport, roughly 3 miles to downtown West Palm Beach, and approximately 5 miles to Worth Ave and the Palm Beach beaches.
For investors, the current multi-tenant occupancy may support an owner’s interest in generating rental income without waiting for new tenancy. For buyers with development plans, the combination of a defined site footprint and existing warehouse structure provides a starting point to evaluate redevelopment options. Either way, this is a straightforward warehouse ownership opportunity with documented current tenancy and an easy-to-understand site scale.
Located within The Park and SoSo’s warehouse district, the property offers convenient proximity to major local destinations. It is about 5 miles to the WPB airport, roughly 3 miles to downtown West Palm Beach, and approximately 5 miles to Worth Ave and the Palm Beach beaches.
For investors, the current multi-tenant occupancy may support an owner’s interest in generating rental income without waiting for new tenancy. For buyers with development plans, the combination of a defined site footprint and existing warehouse structure provides a starting point to evaluate redevelopment options. Either way, this is a straightforward warehouse ownership opportunity with documented current tenancy and an easy-to-understand site scale.
Key Highlights
- Multi‑tenant warehouse totaling 9,000 SF with 4 in‑place tenants
- 1986‑built warehouse property on 0.47 acres (20,298 SF)
- Located in The Park and SoSo’s warehouse district, near downtown and beaches
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $14.40 |
| − Vacancy | −$11.7k | −$1.30 |
| EGI | $117.9k | $13.10 |
| − OpEx | −$17.7k | −$1.97 |
| NOI | $100.2k | $11.14 |
9,000 SF · lease $14.40/SF/yr · vacancy 9.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,246 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.55M – $7.39M
NOI $443,681 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Seegers Electrical
Electrical Service
Pf Auto Style ...
Auto Repair Shop
Car Clinic Auto ...
Auto Repair Shop
Summit Air Conditioning, ...
Hardware & Home Improvement
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- Lotus Moving & Storage — 535 E Lakewood Rd, West Palm Beach, FL 33405
FAQs
What type of property is this?
Warehouse - Own a 9,000 SF multi-tenant warehouse with four in-place tenants on 0.47 acres.
Where is this warehouse located?
The property is located at 7001 Norton Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Multi‑tenant warehouse totaling 9,000 SF with 4 in‑place tenants; 1986‑built warehouse property on 0.47 acres (20,298 SF); Located in The Park and SoSo’s warehouse district, near downtown and beaches
