1441 Military TrlWest Palm Beach, FL 33415

Property Details for 1441 Military Trl

Year built

1966

Construction

CONCRETE

Lot size

1.07 AC

Property size (Sq ft)

3,653 SF

Zone code

CG

Property type

Retail properties

Property subtype

Other automotive properties

APN

00-42-43-25-00-000-7750

APU

424325000007750

Description

This exceptional investment opportunity presents a single-family rental property located at 1441 S Military Trail, West Palm Beach, FL 33415. The property, built in 1962 and renovated in 2000, boasts 1,170 square feet of living space situated on a lot with unspecified square footage. Currently leased under a modified lease agreement expiring May 1, 2025, with 100% occupancy, this property offers immediate cash flow. The asking price is $745,000, translating to a price per square foot of $636.75. The property features a single story design and benefits from annual rent bumps of 3%. The convenient location across from Popeyes Chicken on Military Trail, just north of Forest Hill Boulevard, ensures high visibility and tenant appeal. This is a fantastic opportunity for investors seeking a stable, income-generating asset in a desirable West Palm Beach location. The property is not subject to a ground lease. This is a freehold ownership opportunity. The property is a stand-alone building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,245,131

  6.5%

  $1,149,352

  7%

  $1,067,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,560,803

  Geo Method

  $2,560,803

• Alternative Use

  Use

  Valuation

  Residential

  $969,521

  Hospitality

  $888,076

  Educational

  $738,869

  Medical

  $764,280

  Retail

  $1,149,352

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6986

Longitude

-80.1122

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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