This exceptional single-tenant retail property at 537 Northlake Boulevard in North Palm Beach, Florida, presents a unique investment opportunity. The 2,000 square foot free-standing building sits on a 0.52-acre lot, offering ample space and visibility. Its convenient location at the intersection of Northlake Boulevard and Southwind Drive ensures high traffic and excellent exposure for any business. The property is currently vacant, providing immediate occupancy for a new tenant. The building is a single-story structure with no elevators, making it easily accessible and efficient. Zoned C1, this property is ideal for a variety of retail uses. The address is 537 Northlake Blvd, North Palm Beach, FL 33408. With its prime location, ample space, and convenient access, this property is poised for success. The entire 2,000 square feet is available for lease. This is a rare opportunity to acquire a well-situated retail space in a thriving Florida community. The property's size and location make it an attractive option for a variety of businesses seeking high visibility and convenient access for customers. The vacant status allows for immediate customization and occupancy, making it an ideal choice for entrepreneurs and established businesses alike.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,814,711
6.5%
$1,675,118
7%
$1,555,466
Comparable approach
Method
Valuation
Relative Method
$1,912,345
Geo Method
$1,912,345
Alternative Use
Use
Valuation
Residential
$1,413,024
Hospitality
$1,294,323
Educational
$1,076,861
Medical
$1,113,896
Retail
$1,675,118
Location Insight
City
North Palm Beach
County
Palm Beach
State
Florida
Latitude
26.808
Longitude
-80.0634
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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