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    10026 Spanish Isle Blvd Bay Boca Raton, FL 33498

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    For Lease
    Contact for pricing

    Prime Boca Raton industrial space available

    Lot size:
    17,950 SF

    Property Features for 10026 Spanish Isle Blvd Bay

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,950 SF
    Total Rate
    43528.75

    Spaces For Lease

    at 10026 Spanish Isle Blvd Bay, Boca Raton, FL 33498 Contact us
    Unit B19

    $29 /Mo

    Size
    650 SF
    Contact us

    We can help!

    Listing Contact
    Ricardo Carrera, P.a.
    Ricardo Carrera, P.a.

    Listing Agency: Coldwell Banker Commercial NRT Miramar Listing Agent: Ricardo Carrera, P.a.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property in Boca Raton, FL offers 17,950 square feet of warehouse and commercial space on a 17,950 square foot lot in Palm Beach County. Currently, one 650 sq ft suite is immediately available, with a second 650 sq ft suite becoming available mid-August. The sublandlord is open to leasing both suites (totaling 1300 sq ft). The building features a 14-foot ceiling height, a level grade door for easy loading and unloading, and is ideally situated near major roadways including S US HWY 441 and the Florida Turnpike, boasting an average daily traffic count of 37,189 vehicles. The area is home to numerous national retailers, creating a vibrant commercial environment. This property is perfect for businesses seeking warehouse space, a distribution center, or storage facilities, offering ample space and convenient access for efficient logistics. The property's strategic location and practical design make it an ideal opportunity for businesses looking to establish or expand their presence in Boca Raton's thriving commercial market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.205786
    Latitude
    26.401376

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    FAQs

    What type of property is this?
    Distribution center - Prime Boca Raton industrial space available
    Where is this distribution center located?
    The property is located at 10026 Spanish Isle Blvd Bay Boca Raton, FL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Industrial property, 17,950 total square feet, on a 17,950 square foot lot in Palm Beach County.; Two suites totaling 1,300 square feet currently available for lease; one suite (650 SF) immediately available, another (650 SF) available mid-August.; Located at 10026 Spanish Isles Blvd, B18 & B19, Boca Raton, FL 33498.
    (954) 829-5702 Call to check price and availability
    Request Owner's contact information
    10026 Spanish Isle Blvd Bay Boca Raton, FL 33498
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    Boca Raton, FL 33498
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10026 Spanish Isle Blvd Bay Boca Raton, FL 33498
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    Contact for Pricing
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    and status of this listing Ricardo Carrera, P.a.
    Ricardo Carrera, P.a.
    Real Estate License ID: 3315205
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