12-Unit Flex
For Sale
Contact for pricing
8111 Garden Road, Riviera Beach, FL 33404
Industrial complex with individual overhead doors, substantial electrical capacity, and sprinkler protection.
Property Size24,000 SF
Price / SF$239.58
Days on Market66
Property Features for 8111 Garden Road
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
17 ft
Power
800 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Construction
CBS
Listing Agency:
Reichel Realty & Investments Inc
Listed By:
William Reichel · License #FL
Source:
Crexi
Added: Aug 24
Changed: Oct 26
Last Checked: Oct 26 at 1:01PM
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 Reichel Realty & Investments Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dover Center is a 12-unit flex property totaling approximately ±24,000 square feet at 8111 Garden Road in Riviera Beach, Florida. The complex uses CBS construction with a double T concrete and built-up roof system, 17-foot clear ceilings, and fire sprinkler protection. Each unit includes a 12-foot wide by 14-foot high overhead door. Electrical service consists of 3-phase 800 amp capacity for the building, with 125 amp service provided to each unit.
The property occupies the southwest corner of Garden Road and Fiscal Court within the Central Industrial Park North subdivision. Approximately ±17,600 square feet of leases are scheduled to expire within the next 6-7 months, creating a near-term leasing event across a substantial portion of the complex.
The property occupies the southwest corner of Garden Road and Fiscal Court within the Central Industrial Park North subdivision. Approximately ±17,600 square feet of leases are scheduled to expire within the next 6-7 months, creating a near-term leasing event across a substantial portion of the complex.
Key Highlights
- 12‑unit industrial complex totaling approximately ±24,000 square feet
- CBS construction with double T concrete and built‑up roof system
- 17‑foot clear ceilings with fire sprinkler protection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$527,904
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,558,080
$10.6M
Cap Rate 7%
$7,541,486
$7.5M
Cap Rate 9%
$5,865,600
$5.9M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$864.0K $36.00/SF
− Vacancy
−$51.8K −$2.16/SF
EGI
$812.2K $33.84/SF
− OpEx
−$284.3K −$11.84/SF
NOI
$527.9K $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 Rate 5%
$10,558,080
Cap Rate 7%
$7,541,486
Cap Rate 9%
$5,865,600
Alternative Uses
Best Use
Flex RnD
$7.54M
$6.60M – $8.80M
NOI $527,904 @ 7.0% cap · market cap 9.18%
Second Best
Warehouse
$4.49M
$3.93M – $5.24M
NOI $314,617 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$16.90M
$14.79M – $19.72M
NOI $1,183,150 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hugo's Gourmet Catering — 7535 Enterprise Dr, West Palm Beach, FL 33404
- Hugo's Gourmet Foods — 7535 enterprise dr #60, west palm beach, fl 33404
- Celebrity Chef B — 600 Sandtree Dr, Palm Beach Gardens, FL 33403
Frequently Asked Questions
What type of property is this?
Flex space - Industrial complex with individual overhead doors, substantial electrical capacity, and sprinkler protection.
Where is this flex space located?
The property is located at 8111 Garden Road Riviera Beach, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 12‑unit industrial complex totaling approximately ±24,000 square feet; CBS construction with double T concrete and built‑up roof system; 17‑foot clear ceilings with fire sprinkler protection
