Double Unit Industrial
For Sale
$2,300,000
7210 Haverhill Business Parkway, Riviera Beach, FL 33407
Commercial Sale, Riviera Beach, FL
Property Size3,013 SF
Lot Size2.00 Acres
Price / SF$763.36
Days on Market135
Property Features for 7210 Haverhill Business Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
industrial
Parking
16
Subdivision
5290
Standard status
Active
APN
56424226030020310
Size
3,013 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HANGAR ALPHA CONDO UNIT 31/32 BLDG B
Tax Annual Amount
21275
HOA Fee
$1,138 Monthly
Legal Description
HANGAR ALPHA CONDO UNIT 31/32 BLDG B
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
private owner's lounge
boardrooms
secure Wi-Fi network
on-site owner-concierge
24/7 live security monitoring
Building Details
Year built
2019
Floors in Building
1
Number of units
42
Flooring type
Concrete
Building materials
Concrete
Listing Agency:
Sutter & Nugent LLC
(561) 249-7266
Listed By:
James Pavlik · License #3301117
(561) 818-8325
Added: Apr 16
Changed: Aug 19
Last Checked: Aug 28 at 9:06PM
MLS# B26016384
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.
Industrial hangar unit offered as a double unit totaling 3,013 square feet. The space includes custom cabinetry and an epoxy floor finish, a custom full bathroom, and an upstairs mezzanine with wood flooring connected by a custom spiral staircase and railing. Construction features solid concrete tilt-wall with an insulated roof, insulated doors and walls, and sealed, insulated 14' x 14' Miami-Dade hurricane-rated motorized coiling garage doors. Interior clear ceiling height is up to 20', along with individual temperature and humidity control via a high-efficiency 16 SEER air-conditioning unit that can be remotely monitored and controlled.
The property is located at 7210 Haverhill Business Parkway in Riviera Beach, Florida. The hangar community is gated and secured with a 7' tall privacy fence, round-the-clock live security monitoring, and an on-site owner-concierge. Ownership also provides access to the private owner's lounge and boardrooms, and a secure Wi-Fi network is available in common areas for members.
The property is located at 7210 Haverhill Business Parkway in Riviera Beach, Florida. The hangar community is gated and secured with a 7' tall privacy fence, round-the-clock live security monitoring, and an on-site owner-concierge. Ownership also provides access to the private owner's lounge and boardrooms, and a secure Wi-Fi network is available in common areas for members.
Key Highlights
- Rare double unit with over 3,000 sq ft of customizable space.
- Exclusive membership in a private club with access to owner's lounge and boardrooms.
- High‑security features including gated grounds, 24/7 monitoring, and on‑site concierge.
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
$66,274
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
2.88%
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%
$1,325,480
$1.3M
Cap Rate 7%
$946,771
$946.8K
Cap Rate 9%
$736,378
$736.4K
Market Conditions
NOI Build-Up for 3,013 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
$108.5K $36.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$102.0K $33.84/SF
− OpEx
−$35.7K −$11.84/SF
NOI
$66.3K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,325,480
Cap Rate 7%
$946,771
Cap Rate 9%
$736,378
Alternative Uses
Best Use
Flex RnD
$946.8K
$828.4K – $1.10M
NOI $66,274 @ 7.0% cap · market cap 2.88%
Second Best
Warehouse
$564.3K
$493.7K – $658.3K
NOI $39,498 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,535 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Double unit hangar with 20' clear height, a mezzanine, and 14' x 14' motorized hurricane-rated garage doors.
Where is this flex space located?
The property is located at 7210 Haverhill Business Parkway Riviera Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Rare double unit with over 3,000 sq ft of customizable space.; Exclusive membership in a private club with access to owner's lounge and boardrooms.; High‑security features including gated grounds, 24/7 monitoring, and on‑site concierge.
