9847 Okeechobee BlvdWest Palm Beach, FL 33411

Property Details for 9847 Okeechobee Blvd

Year built

2009

Construction

CONCRETE

Lot size

0.50 AC

Property size (Sq ft)

3,974 SF

Zone code

RPD

Property type

Retail properties

Property subtype

Retail space

APN

74-42-43-19-18-000-0010

APU

74424319180000010

Description

This exceptional single-tenant creative office building, totaling 2,974 square feet, presents a unique investment opportunity in West Palm Beach, Florida. Constructed in 2009, the property sits on a half-acre lot at 9847 Okeechobee Boulevard, conveniently located just east of the State Road 7 intersection. Its prime location offers unparalleled visibility and accessibility. The building boasts a single story design, providing efficient and functional space. Currently fully vacant, this presents a blank canvas for a discerning tenant to customize the space to their specific needs. The surrounding area is vibrant and commercially active, with a strong retail presence. Nearby establishments include a Target, CVS, and Chevron shopping center to the immediate west of the State Road 7 intersection, and a McDonald's to the east, along with a Wells Fargo, Walgreens, and Truist Bank to the west. This strategic location ensures high traffic volume and excellent exposure, making it an ideal space for a variety of businesses. The property's address is 9847 Okeechobee Blvd, West Palm Beach, FL 33411. The property type is listed as Retail and Office.

• CAP approach

  CAP return

  Valuation

  6%

  $1,795,927

  6.5%

  $1,657,779

  7%

  $1,539,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,785,828

  Geo Method

  $2,785,828

• Alternative Use

  Use

  Valuation

  Residential

  $1,398,398

  Hospitality

  $1,280,926

  Educational

  $1,065,715

  Medical

  $1,102,366

  Retail

  $1,657,779

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7099

Longitude

-80.1985

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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