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

    306 Haverhill Rd West Palm Beach, FL 33415

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 306 Haverhill Rd

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial warehouse, part of the Airport Logistics Park, offers 90,998 square feet of versatile space ideal for warehouse and distribution operations. Located at 306 Haverhill Rd, West Palm Beach, FL 33415, this multi-tenant property boasts a strategic location at the intersection of Haverhill Road and Military Trail near Wallis Road, just north of Southern Boulevard. This prime location provides convenient access to I-95 and Florida's Turnpike via Southern Boulevard, ensuring efficient transportation throughout the state and beyond. The building features a 32-foot ceiling height, providing ample vertical space for efficient storage and operations. The property's central West Palm Beach location offers easy access to all major Florida cities, making it an excellent choice for businesses seeking a strategic distribution hub. Currently, one space is available within this modern and well-maintained facility. The property is classified as a Class A building, reflecting its high-quality construction and amenities. This is a rare opportunity to secure prime industrial space in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1202
    Latitude
    26.6805

    Comparable in this City

    • Value Estimation
      $1,615,000
      116,397 SF

      350 Haverhill Rd

      DISTRIBUTION WAREHOUSE • 116,397 SF
      350 Haverhill Rd, West Palm Beach, FL 33415-2033
      View Details
    • Value Estimation
      $910,000
      3,712 SF

      5030 Frst Hl Blvd

      MINI-WAREHOUSE, STORAGE • 3,712 SF
      5030 Frst Hl Blvd, West Palm Beach, FL 33415
      View Details
    • Value Estimation by Request
      156,934 SF

      2909 Military Trl

      MINI-WAREHOUSE, STORAGE • 156,934 SF
      2909 Military Trl, West Palm Beach, FL 33415-9233
      View Details
    • Value Estimation
      $815,000
      37,098 SF

      2021 Military Trl

      MINI-WAREHOUSE, STORAGE • 37,098 SF
      2021 Military Trl, West Palm Beach, FL 33415-6440
      View Details
    • Value Estimation
      $1,065,000
      13,290 SF

      833 Military Trl

      MINI-WAREHOUSE, STORAGE • 13,290 SF
      833 Military Trl, West Palm Beach, FL 33415-3907
      View Details
    • Value Estimation
      $1,405,000
      73,347 SF

      2051 Military Trl

      MINI-WAREHOUSE, STORAGE • 73,347 SF
      2051 Military Trl, West Palm Beach, FL 33415-6440
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,500 SF

      West Palm Beach Warehouse

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      West Palm Beach Flex Space

      Flex space property in West Palm Beach, Florida for sale.
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      High-Visibility, 0.72-Acre Lot, $8M
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    • $519,000

      Commercial Lot on Haverhill Road

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      West Palm Beach Retail Portfolio

      High-yield, 100% occupied retail complex
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    Similar Nearby for Lease

    • $2,625 /Mo
      20,400 SF

      West Palm Beach Warehouse Space

      Warehouse space available in West Palm Beach, Florida.
      4655 Southern Blvd, West Palm Beach, FL 33415
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    • $25 SF/Yr
      1,125 SF

      West Palm Beach Flex Space

      Flex office/warehouse space in West Palm Beach available for rent.
      933 S Military Trl, West Palm Beach, FL 33415
      View Details
    • Contact for pricing
      131,200 SF

      Forest Hill Blvd Retail Center

      Prime Palm Springs Retail Space Available
      4560 Frst Hl Blvd, Palm Springs, FL 33415
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    • Contact for pricing
      1,472 SF

      Retail Space in Busy Center

      Retail space available in a shopping center anchored by Publix.
      832 S Military Trl, West Palm Beach, FL 33415
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    • $1,395 /Mo

      Furnished Home with Flexible Rental

      Spacious, furnished 3-bedroom home with flexible rental options.
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      Prime Military Trail Office Space

      1,940 sq ft Single-Tenant Office
      1481 Military Trl, West Palm Beach, FL 33415
      View Details
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    306 Haverhill Rd
    West Palm Beach, FL 33415
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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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