Two-Story Office Building with
New
For Sale
Contact for pricing
720 E Palmetto Park Road, Boca Raton, FL 33432
Six private offices, a meeting area, kitchen, and private outdoor space support a range of corporate office layouts.
Property Size4,100 SF
Price / SF$3.41
Days on Market6
Property Features for 720 E Palmetto Park Road
General Information
Standard status
Active
Size
4,100 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Amenities
private courtyard
European style kitchen
Central air
Slate Roof
Ceiling Fans Cooling
Central Air Cooling
Central Heating
Electric Cooling
Electric Heating
Guest
Wood Flooring
Building Details
Year Built
1968
Buildings
1
Stories
2
Building Size
4,100 SF
Listing Agency:
ELITE BOCA GROUP
Listed By:
MARIA E MCEVOY · License #B26093113
Source:
Corcoran
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:18PM
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 ELITE BOCA GROUP
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Investment Insights
Based on property information with market context.
This freestanding office building in Boca Raton contains 4,012 square feet across two stories. The interior includes six private offices, meeting areas, a kitchen, and a spiral staircase; a private courtyard adds outdoor space. Granite finishes, impact glass, and high ceilings are among the building’s architectural features. The property was built in 1968 and has 10 parking spaces.
The building is on East Palmetto Park Road, near the Intracoastal Waterway, beaches, dining, shopping, and Boca Raton’s business community.
The building is on East Palmetto Park Road, near the Intracoastal Waterway, beaches, dining, shopping, and Boca Raton’s business community.
Key Highlights
- 4,012‑square‑foot, two‑story freestanding office building
- Six private offices and executive meeting areas
- Private courtyard, spiral staircase, and European‑style kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,338
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,126,760
$2.1M
Cap Rate 7%
$1,519,114
$1.5M
Cap Rate 9%
$1,181,533
$1.2M
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$182.9K $45.60/SF
− Vacancy
−$41.2K −$10.26/SF
EGI
$141.8K $35.34/SF
− OpEx
−$35.4K −$8.84/SF
NOI
$106.3K $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%
$2,126,760
Cap Rate 7%
$1,519,114
Cap Rate 9%
$1,181,533
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,338 @ 7.0% cap · market cap 778.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
NOI $197,783 @ 7.0% cap · market cap 1,447.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 33432, FL
22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Six private offices, a meeting area, kitchen, and private outdoor space support a range of corporate office layouts.
Where is this office building located?
The property is located at 720 E Palmetto Park Road Boca Raton, FL.
What are key features of this property?
This property features: 4,012‑square‑foot, two‑story freestanding office building; Six private offices and executive meeting areas; Private courtyard, spiral staircase, and European‑style kitchen
