North Palm Beach Office
721 US Hwy 1, North Palm Beach, FL
For Sale
Contact for pricing
Office space available in North Palm Beach, Florida.
Property Size1,200 SF
Lot Size1.99 Acres
Price / SF$332.92
Days on Market539
Property Features for 721 US Hwy 1
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Touchstone Webb Realty Company
(561) 659-5554
Listed By:
Lauren Thomas · License #3379509
(561) 358-6868
Source:
Moodyscre
Added: May 19, 2025
Changed: Nov 4
Last Checked: Nov 6 at 8:34AM
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 Company
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 commercial property offers 1,200 square feet of office space. Located in North Palm Beach, Florida, the property is situated on US Hwy 1.
Key Highlights
- Office space available.
- Located in North Palm Beach, Florida.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,806
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,120
$636.1K
Cap Rate 7%
$454,371
$454.4K
Cap Rate 9%
$353,400
$353.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$54.7K $45.60/SF
− Vacancy
−$12.3K −$10.26/SF
EGI
$42.4K $35.34/SF
− OpEx
−$10.6K −$8.84/SF
NOI
$31.8K $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%
$636,120
Cap Rate 7%
$454,371
Cap Rate 9%
$353,400
Alternative Uses
Best Use
Office B
$454.4K
$397.6K – $530.1K
NOI $31,806 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.1K
$739.5K – $986.0K
NOI $59,158 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Explore this area
Business Placement
Market
Average Price Trend$/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 - Office space available in North Palm Beach, Florida.
Where is this office unit located?
The property is located at 721 US Hwy 1 North Palm Beach, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Office space available.; Located in North Palm Beach, Florida.
