11700 Okeechobee BlvdRoyal Palm Beach, FL 33411

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

Medical offices

Property subtype

Medical centers

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.

• 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

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