Luxurious Office Space in
For Sale
Contact for pricing
6751 N Federal Hwy, Boca Raton, FL 33487
High-end office space suitable for law, insurance, or CPA.
Property Size6,822 SF
Price / SF$439.75
Days on Market802
Property Features for 6751 N Federal Hwy
General Information
Standard status
Active
Size
6,822 SF
Class
B
Property subtype
Office
Zoning
PCD/RB1
Building Details
Year Built
2005
Listing Agency:
Real Broker LLC
(561) 662-1462
Listed By:
Mary Mairano · License #BK-3279153
Source:
Crexi
Added: Jun 21, 2024
Changed: Aug 31
Last Checked: Aug 31 at 1:57PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This luxurious, high-end office space offers 6,822 square feet and can be separated into four parcels. It is located in East Boca Raton, just north of Yamato Road and North Federal Highway. Originally designed as a law firm, the space features high-end furnishings that are negotiable. The layout includes 13 offices, one of which can be used as a second conference room, multiple open offices, and two inner offices. There is a reception area, conference room, break room, coffee bar, and supply/copier room. The property features 10-foot ceilings and ample natural light. New air conditioning units have recently been installed. The property includes plenty of open parking spaces and six covered parking spaces. It is ideally suited for a law firm, insurance company, or CPA. The building is zoned for non-medical use. Lease with option and owner finance will be considered.
Key Highlights
- High‑end office space (6822 Sq. Ft.) divisible into 4 separate parcels, offering flexibility.
- Prime East Boca Raton location, just north of Yamato Rd and N Federal Hwy.
- Includes 13 offices (one convertible to a 2nd conference room), multiple open offices, reception area, conference room, break room, and coffee bar.
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
$180,817
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
6.03%
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%
$3,616,340
$3.6M
Cap Rate 7%
$2,583,100
$2.6M
Cap Rate 9%
$2,009,078
$2.0M
Market Conditions
NOI Build-Up for 6,822 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
$311.1K $45.60/SF
− Vacancy
−$70.0K −$10.26/SF
EGI
$241.1K $35.34/SF
− OpEx
−$60.3K −$8.84/SF
NOI
$180.8K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,616,340
Cap Rate 7%
$2,583,100
Cap Rate 9%
$2,009,078
Alternative Uses
Best Use
Office B
$2.58M
$2.26M – $3.01M
NOI $180,817 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.61M
NOI $336,310 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Explore this area
Business Placement
Demographics for 33487, FL
20,644
Population
13,644
Households
1.5
Avg Household Size
53
Median Age
60%
College-Educated
97%
High-School Grad
6.7 sq mi
ZIP Area
3,081
Density / Sq Mi
$93,816
Median Household Income
$48,927
Median Earnings
$2,382
Median Rent
$573,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - High-end office space suitable for law, insurance, or CPA.
Where is this office units located?
The property is located at 6751 N Federal Hwy Boca Raton, FL.
What is the asking price?
The asking price for this property is $2,999,950.
What are key features of this property?
This property features: High‑end office space (6822 Sq. Ft.) divisible into 4 separate parcels, offering flexibility.; Prime East Boca Raton location, just north of Yamato Rd and N Federal Hwy.; Includes **13 offices** (one convertible to a 2nd conference room), multiple open offices, reception area, conference room, break room, and coffee bar.
