Boca Raton Warehouse For
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6510 W Rogers Cir, Boca Raton, FL 33487
Climate-controlled warehouse with heavy power and oversized doors.
Property Size16,911 SF
Price / SF$351.84
Days on Market750
Property Features for 6510 W Rogers Cir
General Information
Standard status
Active
Size
16,911 SF
Property subtype
Industrial
Building Details
Units
16911
Listing Agency:
LRM CREA LLC
(561) 400-7750
Listed By:
Chad Gottsegen · License #FL 3386660
Source:
Crexi
Added: Aug 13, 2024
Changed: Aug 27
Last Checked: Aug 31 at 12:36AM
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 CREA LLC
Investment Insights
Based on property information with market context.
This commercial property features a climate-controlled warehouse space. It is equipped with two oversized grade-level doors, each measuring 14 feet in height and 14 feet in width. The warehouse is fully sprinklered and includes automatic shutters. It benefits from heavy power, offering approximately 1000 Amps. A new roof was installed in 2022, and the property was repainted and waterproofed in 2024. The property size is 16911 square feet.
Key Highlights
- Heavy Power (±1000 Amps)
- Climate‑controlled warehouse
- Two oversized grade‑level doors (14ft H x 14ft W)
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
$221,687
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
3.73%
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%
$4,433,740
$4.4M
Cap Rate 7%
$3,166,957
$3.2M
Cap Rate 9%
$2,463,189
$2.5M
Market Conditions
NOI Build-Up for 16,911 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
$276.0K $16.32/SF
− Vacancy
−$15.2K −$0.90/SF
EGI
$260.8K $15.42/SF
− OpEx
−$39.1K −$2.31/SF
NOI
$221.7K $13.11/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$4,433,740
Cap Rate 7%
$3,166,957
Cap Rate 9%
$2,463,189
Alternative Uses
Best Use
Warehouse
$3.17M
$2.77M – $3.69M
NOI $221,687 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$2.61M
$2.28M – $3.04M
NOI $182,566 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$11.91M
$10.42M – $13.89M
NOI $833,677 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse with heavy power and oversized doors.
Where is this warehouse located?
The property is located at 6510 W Rogers Cir Boca Raton, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Heavy Power (±1000 Amps); Climate‑controlled warehouse; Two oversized grade‑level doors (14ft H x 14ft W)
