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    400 Cypress Dr Tequesta, FL 33469

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    400 Cypress Dr Tequesta, FL 33469

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    • Office properties & Spaces
    • 18,100 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 400 Cypress Dr

    Year built
    2006
    Lot size
    1.00 lot acres
    Property size
    18,100 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional commercial property, encompassing Units 6 & 7 within the desirable 400 Tequesta Commerce Building, presents a unique investment opportunity. First offered since 2006, this completely built-out office space totals 18,100 square feet situated on a one-acre lot. The interior boasts a thoughtfully designed layout, currently configured with five dedicated office spaces and a reception area. A convenient kitchen is equipped with a refrigerator, dishwasher, and microwave. Two bathrooms are also included for employee and client use. Unit 6 features a significant advantage with a 9-foot high rear garage door, facilitating efficient loading and unloading of goods. This property is being offered with attractive owner financing terms: a 20% down payment, a 5.5% interest rate over a five-year term, amortized over 20 years. A balloon payment is due at the end of the 60-month payment period. This presents a compelling opportunity to acquire a substantial and well-appointed office space in a highly sought-after Tequesta location. The property's size and features make it suitable for a variety of businesses seeking a turnkey solution. The owner financing option further enhances its appeal to qualified buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tequesta
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0895
    Latitude
    26.959

    Comparable in this City

    • Value Estimation
      $1,330,000
      4,097 SF

      17933 Federal Hwy

      OFFICE (GENERAL) • 4,097 SF
      17933 Federal Hwy, Tequesta, FL 33469-1745
      View Details
    • Value Estimation
      $1,920,000
      14,415 SF

      16450 Federal Hwy

      OFFICE (GENERAL) • 14,415 SF
      16450 Federal Hwy, Jupiter, FL 33469
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    • Value Estimation by Request
      3,136 SF

      18245 Federal Hwy

      OFFICE (GENERAL) • 3,136 SF
      18245 Federal Hwy, Jupiter, FL 33469-1739
      View Details
    • Value Estimation by Request
      2,237 SF

      19137 Federal Hwy

      OFFICE (GENERAL) • 2,237 SF
      19137 Federal Hwy, Jupiter, FL 33469-1755
      View Details
    • Value Estimation
      $750,000
      5,357 SF

      19100 Federal Hwy

      OFFICE (GENERAL) • 5,357 SF
      19100 Federal Hwy, Jupiter, FL 33469-1712
      View Details
    • Value Estimation by Request
      1,880 SF

      17755 Federal Hwy

      OFFICE (GENERAL) • 1,880 SF
      17755 Federal Hwy, Jupiter, FL 33469-1749
      View Details

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    400 Cypress Dr
    Tequesta, FL 33469
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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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