11700 Okeechobee BlvdRoyal Palm Beach, FL 33411

  • Healthcare properties
  • 22,720 SF
For Lease
$25/SF/YR View listing

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
11700 Okeechobee Blvd, Royal Palm Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$104,826
$1,054,481
$4,394,968
$5,449,449
-
$1,054,481
$4,394,968
$5,449,449

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