Freestanding Office
New
For Sale
$600,000
714 George Bush Boulevard, Delray Beach, FL 33483
The property carries a General Commercial zoning designation in Delray Beach.
Property Size1,340 SF
Price / SF$447.76
Days on Market6
Property Features for 714 George Bush Boulevard
General Information
Standard status
Active
Size
1,340 SF
Zoning
General Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1960
Buildings
1
Construction
CBS
Listing Agency:
Lang Realty/Delray Beach
Listed By:
William Giberson · License #3035492
(877) 357-0618
Source:
Chenoregroup
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 2:14PM
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 Lang Realty/Delray Beach
Investment Insights
Based on property information with market context.
This freestanding office building contains 1,340 square feet and dates to 1960. The CBS-constructed structure has a flat roof and measures 20 Ft Wide x 66 Ft Deep.
The property has frontage along George Bush Boulevard in Delray Beach and is zoned General Commercial.
The property has frontage along George Bush Boulevard in Delray Beach and is zoned General Commercial.
Key Highlights
- 1,340‑square‑foot freestanding office building
- 20 Ft Wide x 66 Ft Deep
- CBS construction with a flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,517
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,340
$710.3K
Cap Rate 7%
$507,386
$507.4K
Cap Rate 9%
$394,633
$394.6K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$61.1K $45.60/SF
− Vacancy
−$13.7K −$10.26/SF
EGI
$47.4K $35.34/SF
− OpEx
−$11.8K −$8.84/SF
NOI
$35.5K $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%
$710,340
Cap Rate 7%
$507,386
Cap Rate 9%
$394,633
Alternative Uses
Best Use
Office B
$507.4K
$444.0K – $592.0K
NOI $35,517 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.7K
$825.7K – $1.10M
NOI $66,059 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The property carries a General Commercial zoning designation in Delray Beach.
Where is this office building located?
The property is located at 714 George Bush Boulevard Delray Beach, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,340‑square‑foot freestanding office building; 20 Ft Wide x 66 Ft Deep; CBS construction with a flat roof
