Delray Beach Flex
For Sale
Contact for pricing
8760 Atlantic Ave, Delray Beach, FL 33446
Flex space available for sale in Delray Beach, Florida.
Property Size1,253 SF
Price / SF$637.67
Days on Market102
Property Features for 8760 Atlantic Ave
General Information
Standard status
Active
Size
1,253 SF
Property subtype
INDUSTRIAL
Listing Agency:
LRM Commercial Real Estate Advisors
(561) 400-7750
Listed By:
Chad Gottsegen · License #3386660
(561) 400-7750
Source:
Moodyscre
Added: May 20
Changed: Aug 9
Last Checked: Aug 28 at 2:29PM
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 LRM Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This property offers approximately 1,253 total square feet of flex space. It includes a second-floor mezzanine with approximately 285 square feet.
Key Highlights
- ±1,253 Total Square Feet
- ±285 sq. ft. 2nd Floor Mezzanine
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
$27,561
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
3.45%
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%
$551,220
$551.2K
Cap Rate 7%
$393,729
$393.7K
Cap Rate 9%
$306,233
$306.2K
Market Conditions
NOI Build-Up for 1,253 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
$45.1K $36.00/SF
− Vacancy
−$2.7K −$2.16/SF
EGI
$42.4K $33.84/SF
− OpEx
−$14.8K −$11.84/SF
NOI
$27.6K $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%
$551,220
Cap Rate 7%
$393,729
Cap Rate 9%
$306,233
Alternative Uses
Best Use
Flex RnD
$393.7K
$344.5K – $459.4K
NOI $27,561 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$193.2K
$169.1K – $225.5K
NOI $13,527 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$882.4K
$772.1K – $1.03M
NOI $61,770 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33446, FL
30,051
Population
18,214
Households
1.6
Avg Household Size
65
Median Age
50%
College-Educated
97%
High-School Grad
18.8 sq mi
ZIP Area
1,598
Density / Sq Mi
$74,995
Median Household Income
$58,284
Median Earnings
$1,792
Median Rent
$415,000
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 - Flex space available for sale in Delray Beach, Florida.
Where is this flex space located?
The property is located at 8760 Atlantic Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ±1,253 Total Square Feet; ±285 sq. ft. 2nd Floor Mezzanine
