Built-Out Office
For Sale
$635,000
800-2151 Florida Ave, Jupiter, FL 33458
Functional professional suite with private office, open workspace, kitchenette, and private bathroom.
Property Size1,269 SF
Price / SF$500.39
Days on Market32
Property Features for 800-2151 Florida Ave
General Information
Standard status
Active
Size
1,269 SF
Taxes and HOA fees
Annual Taxes
$5,898
Building Details
Tenancy
Single
Listing Agency:
Johnston Group Real Estate Serv
(561) 691-4522
Listed By:
Zachary Pergeorelis · License #B26055238
(561) 262-0846
Source:
Exprealty
Added: Aug 11
Changed: Sep 10
Last Checked: Sep 10 at 2:49PM
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 Johnston Group Real Estate Serv
Investment Insights
Based on property information with market context.
This 1,269-square-foot office unit is currently configured for professional use as an insurance office. The existing layout includes a private office, open workspace, private bathroom, and kitchenette, providing a practical arrangement for an owner-user or an expanding business.
The unit is located within Three Palms Plaza and may offer potential for conversion to medical use, subject to applicable requirements. Its existing build-out provides a starting point for continued office occupancy or future customization.
The unit is located within Three Palms Plaza and may offer potential for conversion to medical use, subject to applicable requirements. Its existing build-out provides a starting point for continued office occupancy or future customization.
Key Highlights
- 1, 269 SF office unit
- Existing insurance‑office build‑out
- Private office plus large open workspace
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
$33,635
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
5.30%
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%
$672,700
$672.7K
Cap Rate 7%
$480,500
$480.5K
Cap Rate 9%
$373,722
$373.7K
Market Conditions
NOI Build-Up for 1,269 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
$57.9K $45.60/SF
− Vacancy
−$13.0K −$10.26/SF
EGI
$44.8K $35.34/SF
− OpEx
−$11.2K −$8.84/SF
NOI
$33.6K $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%
$672,700
Cap Rate 7%
$480,500
Cap Rate 9%
$373,722
Alternative Uses
Best Use
Office B
$480.5K
$420.4K – $560.6K
NOI $33,635 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.7K
$782.0K – $1.04M
NOI $62,559 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 33458, FL
55,083
Population
23,121
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
20.4 sq mi
ZIP Area
2,700
Density / Sq Mi
$107,626
Median Household Income
$48,448
Median Earnings
$2,090
Median Rent
$550,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Functional professional suite with private office, open workspace, kitchenette, and private bathroom.
Where is this office units located?
The property is located at 800-2151 Florida Ave Jupiter, FL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 1, 269 SF office unit; Existing insurance‑office build‑out; Private office plus large open workspace
