11337 Okeechobee BlvdRoyal Palm Beach, FL 33411

Property Details for 11337 Okeechobee Blvd

Year built

1999

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

4,988 SF

Zone code

CO

Property type

Medical offices

Property subtype

Medical centers

APN

72-41-43-23-14-000-0040

APU

72414323140000040

Description

This exceptional 5,000 square foot single-story office building, located at 11337 Okeechobee Blvd in Royal Palm Beach, Florida (zip code 33411), presents a unique opportunity for medical or executive office users. The property is zoned CO-Office Commercial and situated in Palm Beach County, offering excellent visibility and accessibility. The building features two suites, each comprising 2,500 square feet, which can be easily combined to occupy the entire 5,000 square feet. Currently, the entire 5,000 square feet is vacant and ready for immediate occupancy. Each suite boasts a thoughtfully designed layout including a reception area, waiting room, exam rooms (in the medical office spaces), doctors' offices, a kitchenette, and multiple bathrooms. The building benefits from high traffic visibility with approximately 44,000 cars passing daily on Okeechobee Boulevard, and monument signage is available for enhanced branding. This property is ideal for medical practices or executive office users seeking a well-appointed space in a high-traffic location. Minimum divisible space is 2,500 square feet, with a maximum contiguous space of 5,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,533,451

  6.5%

  $1,415,493

  7%

  $1,314,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,387,562

  Geo Method

  $1,387,562

• Alternative Use

  Use

  Valuation

  Residential

  $1,755,212

  Hospitality

  $1,607,765

  Educational

  $1,337,641

  Medical

  $1,383,645

  Retail

  $2,080,775

Location Insight

City

Royal Palm Beach

County

Palm Beach

State

Florida

Latitude

26.707

Longitude

-80.2213

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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