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    5335 N Military Trl West Palm Beach, FL 33407

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    For Lease
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    Retail spaces for lease in West Palm Beach, Florida.

    Type:Retail
    Property size:
    125,000 SF
    Added:
    Mar 26, 2024
    Days on Market:
    754
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 5335 N Military Trl

    General Information

    Standard status
    Active
    Size
    125,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 5335 N Military Trl Contact us

    A $25 /Mo

    Size
    3,000 SF
    Type
    Retail
    Proposed 3,000-square-foot retail outparcel.
    Contact us

    1-17 $25 /Mo

    Size
    Type
    Retail
    New construction retail strip at South Wind Plaza offering 1,200-13,850 square feet...
    show more
    Contact us

    38 $25 /Mo

    Size
    2,318 SF
    Type
    Retail
    Second generation restaurant space with building and monument signage.
    Contact us

    26-27 $25 /Mo

    Size
    1,616 SF
    Type
    Retail
    Suites 26-27 offer 1,616 square feet of prime retail space at South Wind Plaza.
    Contact us

    We can help!

    Listing Contact
    Bruce Corn

    Listing agent Bruce Corn License #FL BK531450

    Listing office NAI Merin Hunter Codman, Inc. West Palm Beach

    Listing date Mar 26, 2024

    Source Crexi

    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 NAI Merin Hunter Codman, Inc. West Palm Beach

    Overview

    High-Traffic Retail Space Available

    South Wind Plaza, a 125,000-square-foot shopping center in West Palm Beach, Florida, features a freshly painted white façade. The property is located at the southwest corner of 45th Street and N Military Trail, a major signalized intersection with 35,500 cars passing the site daily. The location is one mile west of I-95 and adjacent to CACTI Park of The Palm Beaches, a 160-acre complex with a 7,700-capacity stadium hosting the Astros and Nationals. The center is anchored by Foodtown, Planet Fitness, Family Dollar, Estrella Insurance, and Bank of America. A Wawa is under construction across the street from the center. Retail spaces are available within the existing center, and there is an opportunity to lease a 3,000 SF outparcel or up to 13,850 SF in a newly constructed retail strip. On-site property management and maintenance are provided. The estimated CAM for 2026 is $12.49/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Group Elite ... Insurance Agency JN Money Agent ... Bank Soaphia Laundry Centers (Bike/Boat/Book/etc) Store Nutrition & More Physician Ups Shipping Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Village shopping center — mblvd, Village Blvd, West Palm Beach, FL 33407
    • North Village Square — 3111 45th st, west palm beach, fl 33407
    • South Wind Plaza — 5335 N Military Trl, West Palm Beach, FL 33407
    • Coin Cloud Bitcoin ATM — 4225 45th st, west palm beach, fl 33407

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1104515
    Latitude
    26.7585429

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in West Palm Beach, Florida.
    Where is this shopping center located?
    The property is located at 5335 N Military Trl West Palm Beach, FL.
    What are key features of this property?
    This property features: High‑traffic location at a major signalized intersection on 45th Street with 35,500 cars passing daily; Anchored by strong national tenants including Foodtown, Planet Fitness, Family Dollar, Bank of America and Estrella Insurance; Adjacent to CACTI Park of The Palm Beaches, hosting the Houston Astros and Washington Nationals
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bruce Corn
    Real Estate License ID: FL BK531450
    Learn More
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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
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