3109 45Th StWest Palm Beach, FL 33407

  • Healthcare properties
  • 7,403 SF
For Lease
$22/SF/YR View listing

Property Details for 3109 45Th St

Year built
1989
Construction
CONCRETE
Lot size
1.04 AC
Property size (Sq ft)
7,403 SF
Zone code
CPD
Property type
Healthcare properties
Property subtype
Medical offices
APN
74-42-43-01-17-000-0072
APU
74424301170000072

Description

This 7,400-square-foot, single-story Class C office building, constructed in 1989, is ideally situated at 3109 45th Street, West Palm Beach, FL 33407. Zoned CPUD, the property offers a spacious floor plan suitable for medical or traditional office use. Benefit from high visibility signage on 45th Street, providing excellent exposure. The location is highly convenient, less than one mile west of I-95, ensuring easy access for clients and employees. A short drive to area hospitals, including JFK North Hospital (1.5 miles), St. Mary's Medical Center (3 miles), Good Samaritan Medical Center (5 miles), and Palm Beach Gardens Medical Center (6.5 miles), makes this an attractive option for medical practices. The property is nestled within a thriving business hub, surrounded by a diverse range of retail and service amenities. Nearby establishments include Jimmy John's, Walmart, Sam's Club, Pollo Tropical, RaceTrac, Cracker Barrel, and six hotels, offering convenience and attracting a high volume of foot traffic. The estimated 2024 CAM is $14.00 per square foot. This prime location presents a compelling opportunity for businesses seeking a well-positioned, versatile office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,159,818
    6.5%
    $1,993,679
    7%
    $1,851,273
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,059,366
    Geo Method
    $2,059,366
  • Alternative Use

    Use
    Valuation
    Residential
    $2,472,162
    Hospitality
    $2,264,487
    Educational
    $1,884,026
    Medical
    $1,948,821
    Retail
    $2,930,708
3109 45Th St, West Palm Beach, Florida

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7601
Longitude
-80.1007
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,519
$688,350
$939,387
$1,627,737
-
$688,350
$939,387
$1,627,737

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