11700 Okeechobee BlvdRoyal Palm Beach, FL 33411
- Healthcare properties
- 22,720 SF
Property Details for 11700 Okeechobee Blvd
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 1.22 AC
- Property size (Sq ft)
- 22,720 SF
- Zone code
- CG
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 72-41-43-26-28-001-0000
- APU
- 72414326280010000
Description
This exceptional two-story Class B office building, constructed in 2009, boasts 22,720 square feet of space situated on a 1.21-acre lot at the high-traffic intersection of Okeechobee Boulevard and Royal Palm Beach Boulevard in Royal Palm Beach, Florida (zip code 33411). The property features multiple suites, with available spaces ranging from 1,966 to 10,917 contiguous square feet on the second floor. The building includes an elevator and is zoned CG. The first floor is currently occupied by established medical practices, providing excellent synergy and high visibility for potential tenants. This versatile space is ideal for a variety of uses, including traditional office, coworking, executive office, medical office, and creative office settings. The building's location offers easy access to major roadways and ample parking. The property's APN is 72414326280010000. This is a rare opportunity to secure high-quality office space in a thriving location. The minimum divisible space is 1,966 square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,984,766
- 6.5%
- $6,447,476
- 7%
- $5,986,942
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,320,250
- Geo Method
- $6,320,250
-
Alternative Use
- Use
- Valuation
- Residential
- $7,994,870
- Hospitality
- $7,323,258
- Educational
- $6,092,864
- Medical
- $6,302,408
- Retail
- $9,477,790
Location Insight
- City
- Royal Palm Beach
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.7056
- Longitude
- -80.2298
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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