209 Military Trl West Palm Beach, FL 33415
This exceptional investment opportunity presents a stabilized, mixed-use commercial portfolio comprising two adjacent buildings totaling 15,600 square feet in West Palm Beach, Florida. The property boasts a strong 14.31% cap rate and a substantial net operating income (NOI) of $1,660,390. Currently 100% occupied, the portfolio includes six units, offering a diverse tenant mix including a liquor store, psychic tarot reader, barbershop, upstairs apartment, and billboard advertising, along with a food truck operation. The buildings, constructed in 1971, feature a two-story design with 20-foot ceilings and have undergone recent upgrades, including new roofs and air conditioning systems. Ample parking is available with over 90 spaces. The property sits on a combined lot size of approximately 0.61 to 1 acre and is zoned for general commercial use. Detailed financial statements and surveys are available upon request. This is a rare opportunity to acquire a high-performing, well-located retail portfolio in a thriving Florida market. The property is offered at an asking price of $11,600,000. Individual tenant leases are available for review, with the liquor store operating under a formal lease agreement. Other tenants are on month-to-month agreements but have established long-term occupancy. The property includes two separate parcels: Parcel 1, a single-tenant building located at a separate address, and Parcel 2, a multi-tenant retail building at 209 S Military Trl, West Palm Beach, FL 33415. The property's strong cash flow and prime location make it an ideal investment for discerning buyers seeking a stable and high-return asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.