Corner Office
721 U.S Hwy 1, North Palm Beach, FL 33408
For Sale
Contact for pricing
Ground-level suite combines a multi-office layout with front and rear parking for staff and visitors.
Property Size1,200 SF
Price / SF$2.71
Days on Market75
Property Features for 721 U.S Hwy 1
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
Highway Access
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Touchstone-Webb Realty Co.
(561) 659-5554
Listed By:
Lauren Thomas Friel · License FL #3379509
(561) 358-6868
Source:
Miznerpartners
Added: Aug 27
Changed: Nov 9
Last Checked: Nov 8 at 8:53PM
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 Touchstone-Webb Realty Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot corner office unit is on the ground floor of the Squires Building at 721 U.S. Hwy 1. The layout includes 2 reception areas, 4 private offices, a conference room with built-in shelving, a kitchenette with sink, and 2 private restrooms. Tile flooring runs throughout; the suite also has refreshed paint and a 2025 HVAC system. Additional windows bring natural light into the space. Front and rear parking are available for staff and clients.
The property is in North Palm Beach, near La Bamba and Draft House. The NPB Country Club & Golf Course, marinas, Publix, CVS, Lakeside Park, and the planned Village Place development at Twin City Mall are also nearby. I-95 is 3 miles away, and Palm Beach International Airport is accessible from the property.
The property is in North Palm Beach, near La Bamba and Draft House. The NPB Country Club & Golf Course, marinas, Publix, CVS, Lakeside Park, and the planned Village Place development at Twin City Mall are also nearby. I-95 is 3 miles away, and Palm Beach International Airport is accessible from the property.
Key Highlights
- 1,200 SF ground‑floor corner office unit
- Layout includes 2 reception areas, 4 private offices, and a conference room with built‑in shelving
- Kitchenette with sink and 2 private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,281
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,620
$765.6K
Cap Rate 7%
$546,871
$546.9K
Cap Rate 9%
$425,344
$425.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$60.0K $50.04/SF
− Vacancy
−$9.0K −$7.51/SF
EGI
$51.0K $42.53/SF
− OpEx
−$12.8K −$10.63/SF
NOI
$38.3K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,620
Cap Rate 7%
$546,871
Cap Rate 9%
$425,344
Alternative Uses
Best Use
Office B
$546.9K
$478.5K – $638.0K
NOI $38,281 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.1K
$739.5K – $986.0K
NOI $59,158 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 33408, FL
18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Palm Beach County, FL
Properties on Market for Office Units in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-level suite combines a multi-office layout with front and rear parking for staff and visitors.
Where is this office unit located?
The property is located at 721 U.S Hwy 1 North Palm Beach, FL.
What are key features of this property?
This property features: 1,200 SF ground‑floor corner office unit; Layout includes 2 reception areas, 4 private offices, and a conference room with built‑in shelving; Kitchenette with sink and 2 private restrooms
