LA Fitness Plaza, located at 7100 Fairway Dr, Palm Beach Gardens, FL 33418, presents a compelling retail investment opportunity. This 106,006 square foot neighborhood center, built in 1986 and situated on 12.13 acres in Palm Beach County, offers five available spaces ranging from 1,200 to 4,100 square feet. Currently, 9,490 square feet are vacant. The center enjoys a prime location, benefiting from its proximity to affluent master-planned communities such as PGA National, Mirasol, BallenIsles, and Ironhorse, boasting some of the highest median incomes in South Florida. Its strategic placement at the intersection of PGA Blvd and Fairway Drive places it within a thriving commercial area, including over 500,000 square feet of office space, notably the Bascom Palmer Eye Institute. The renowned PGA National Resort, a mere 5-minute drive away, hosts popular tournaments annually, including the Honda Classic, generating significant foot traffic and visibility. This LA Fitness-anchored center offers a unique chance to establish a presence in a high-demand, high-traffic location within a well-established and affluent community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$18,594,760
6.5%
$17,164,394
7%
$15,938,365
Comparable approach
Method
Valuation
Relative Method
$23,005,312
Geo Method
$23,005,312
Alternative Use
Use
Valuation
Residential
$14,478,808
Hospitality
$13,262,510
Educational
$11,034,253
Medical
$11,413,738
Retail
$17,164,394
Location Insight
City
Palm Beach Gardens
County
Palm Beach
State
Florida
Latitude
26.8362
Longitude
-80.1319
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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