Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1200 Surf Rd West Palm Beach, FL 33404

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Surf Rd West Palm Beach, FL 33404

    View on Map
    • Specialty properties
    • 5,931 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Day A / Social Service Agency / Charitable Organization

    Property Details for 1200 Surf Rd

    Year built
    1953
    Property size
    5,931 SF
    Property type
    Specialty properties

    Description

    This exceptional 5,931 square foot property at 1200 Surf Road, Singer Island, Florida, presents a compelling investment opportunity. Currently operating as a successful 12-bedroom, 6-bathroom sober home with a tenant in place, this unique complex offers significant income potential. Built in 1953, the property boasts a commercial kitchen and offices, all situated on a 0 square foot lot. Its prime location offers easy walking access to the beautiful beaches of Singer Island. The property's special Hotel/Multifamily zoning unlocks exciting development possibilities, allowing for future expansion or repurposing to capitalize on the high demand for accommodations in this desirable coastal area. The asking price is $2,800,000. This presents a rare chance to acquire a well-established business with substantial upside in a highly sought-after location. The property's existing infrastructure and zoning flexibility make it an ideal investment for both seasoned and emerging developers. The current tenant provides immediate cash flow while the zoning allows for a variety of future development options. Don't miss this chance to secure a piece of Singer Island's vibrant real estate market.

    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
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0368
    Latitude
    26.7884

    Comparable in this City

    • Value Estimation by Request

      5060 Ocean Dr

      Specialty properties
      5060 Ocean Dr, Riviera Beach, FL 33404
      View Details
    • Value Estimation by Request
      9,000 SF

      1001 15th St

      CHARITABLE ORGANIZATION • 9,000 SF
      1001 15th St, Riviera Beach, FL 33404-6721
      View Details
    • Value Estimation
      $805,000
      4,000 SF

      2404 Broadway

      CHARITABLE ORGANIZATION • 4,000 SF
      2404 Broadway, Riviera Beach, FL 33404-4533
      View Details
    • Value Estimation by Request
      4,473 SF

      1690 Ave H W H

      CHARITABLE ORGANIZATION • 4,473 SF
      1690 Ave H W H, Riviera Beach, FL 33404-4308
      View Details
    • Value Estimation by Request
      1,852 SF

      1013 President Barack Obama Hwy

      FUNERAL HOME • 1,852 SF
      1013 President Barack Obama Hwy, Riviera Beach, FL 33404-7325
      View Details
    • Value Estimation
      $1,730,000
      14,822 SF

      100 Broadway

      CHARITABLE ORGANIZATION • 14,822 SF
      100 Broadway, Riviera Beach, FL 33404-7700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,500 SF

      Freestanding Lockheed Martin Investment Property

      Single-tenant property with a long-term lease and annual rent increases.
      1700 Broadway, Riviera Beach, FL 33404
      View Details
    • $1,099,500

      West Palm Beach Specialty Property

      Specialty property available for sale in West Palm Beach.
      3709 Avenue K, West Palm Beach, FL 33404
      View Details
    • $1,375,000
      2,234 SF

      Riviera Beach Multi-Family Property

      Multi-family property for sale in Riviera Beach, Florida.
      2625 West Way, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Move-in Ready Office Condo

      Office condo in a multi-tenant office/retail center.
      4152 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Warehouse/Office/Showroom on I-95 Frontage

      38,941 SF warehouse/office/showroom with I-95 frontage and visibility.
      7970 Central Industrial Dr, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      9,405 SF

      West Palm Beach Warehouse Space

      Tilt-up concrete warehouse with dock high loading near I-95.
      3900 Fiscal Ct, West Palm Beach, FL 33404
      View Details
    • $36,000

      New Warehouse and Office Spaces

      New warehouse and office spaces available for lease.
      3541 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404
      View Details
    • $1.92 SF/Yr
      6,239 SF

      Riviera Beach Warehouse For Lease

      6,239 SF Industrial Space Available
      315 President Barack Obama Hwy, Riviera Beach, FL 33404
      View Details
    • Contact for pricing

      Restaurant Space Available For Lease

      Single tenant restaurant space available for lease.
      386 Blue Heron Blvd, West Palm Beach, FL 33404
      View Details
    • Contact for pricing
      21,590 SF

      West Palm Beach Warehouse Space

      21,590 SF warehouse space available for lease.
      3750 Prospect Ave, West Palm Beach, FL 33404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Surf Rd
    West Palm Beach, FL 33404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1200 Surf Rd, West Palm Beach, FL, 33404

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!