Boynton Beach Office
For Sale
Contact for pricing
709 S Federal Hwy, Boynton Beach, FL 33435
9,200 SqFt office building in Boynton Beach, Florida.
Property Size9,200 SF
Price / SF$706.52
Days on Market1499
Property Features for 709 S Federal Hwy
General Information
Standard status
Active
Size
9,200 SF
Class
B
Total Parking Spaces
34
Property subtype
Office
Zoning
C3
Net Operating Income
$300,000
Building Details
Year Built
2012
Stories
2
Tenancy
Multi
Listing Agency:
Anaheim Properties Inc
Listed By:
Allen Marcovitch · License #FL BK401549
(561) 369-5993
Source:
Crexi
Added: Sep 13, 2022
Changed: Oct 3
Last Checked: Oct 19 at 6:50AM
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 Anaheim Properties Inc
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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 commercial property is an office building located in Boynton Beach, Florida. The property has a total area of 9,200 square feet and is being offered for sale. The capitalization rate is 4.60%.
Key Highlights
- 4.60% CAP Rate makes this an attractive investment opportunity.
- Office Property offering a professional environment.
- 9,200 SqFt of versatile space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,846
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,876,920
$4.9M
Cap Rate 7%
$3,483,514
$3.5M
Cap Rate 9%
$2,709,400
$2.7M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$419.5K $45.60/SF
− Vacancy
−$94.4K −$10.26/SF
EGI
$325.1K $35.34/SF
− OpEx
−$81.3K −$8.84/SF
NOI
$243.8K $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 Rate 5%
$4,876,920
Cap Rate 7%
$3,483,514
Cap Rate 9%
$2,709,400
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.06M
NOI $243,846 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,541 @ 7.0% cap · market cap 6.98%
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
1,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 9,200 SqFt office building in Boynton Beach, Florida.
Where is this office building located?
The property is located at 709 S Federal Hwy Boynton Beach, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 4.60% CAP Rate makes this an attractive investment opportunity.; Office Property offering a professional environment.; 9,200 SqFt of versatile space.
