Freestanding Office
New
For Sale
Under Contract
$600,000
714 GEORGE BUSH Boulevard, Delray Beach, FL
Commercial Sale, Delray Beach, FL
Property Size1,340 SF
Lot Size0.04 Acres
Price / SF$447.76
Days on Market6
Property Features for 714 GEORGE BUSH Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
GC (city)
Parking
1
Lot features
Zero Lot Line
Directions
US1 to George Bush Blvd then east 1.5 blocks to building 714 on the south side of the road
Subdivision
4220
Standard status
Active Under Contract
APN
12434609320000541
Size
1,340 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MC GINLEY & GOSMANS SUB E 20 FT OF LT 54 /LESS N 8 FT SR R/W/
Tax Annual Amount
6412
Legal Description
MC GINLEY & GOSMANS SUB E 20 FT OF LT 54 /LESS N 8 FT SR R/W/
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile - Ceramic
Building materials
CBS
Roof type
Tar/Gravel
Listing Agency:
Lang Realty/Delray Beach
(561) 455-3300
Listed By:
William Giberson · License #3035492
(561) 305-0505
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 9:06AM
MLS# B26083217
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 1,340-square-foot office building occupies a 0.04-acre parcel and measures 20 feet wide by 66 feet deep. CBS construction, laminate and ceramic tile flooring, and a tar-and-gravel roof define the improvements. Central heating and air conditioning serve the interior.
The property fronts George Bush Boulevard in Delray Beach and carries GC zoning. The stated use classification is a nonmedical office building of one to three floors. Public water and sewer are available, along with cable service.
The property fronts George Bush Boulevard in Delray Beach and carries GC zoning. The stated use classification is a nonmedical office building of one to three floors. Public water and sewer are available, along with cable service.
Key Highlights
- 1,340‑square‑foot office building on a 0.04‑acre parcel
- 20 feet wide by 66 feet deep
- Frontage on George Bush Boulevard in Delray Beach
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
$35,517
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
5.92%
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%
$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
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
$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 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%
$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
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Business Placement
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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 - Central heating and air conditioning support year-round interior climate control.
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 office building on a 0.04‑acre parcel; 20 feet wide by 66 feet deep; Frontage on George Bush Boulevard in Delray Beach
