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 Market150
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
Listed By:
Chad Gottsegen · License #3386660
(561) 400-7750
Source:
Moodyscre
Added: May 20
Changed: Oct 6
Last Checked: Oct 15 at 2:27AM
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
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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.
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 / Yr
$27,561
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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
