469 Spencer DrWest Palm Beach, FL 33409

Property Details for 469 Spencer Dr

Year built

1980

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

8,840 SF

Zone code

OC

Property type

Office buildings

APN

74-43-43-19-09-039-0150

APU

74434319090390150

Description

This exceptional 8,840-square-foot single-tenant office building is ideally situated in West Palm Beach, Florida, at 469 Spencer Drive, zip code 33409. Its convenient location offers easy access to I-95 and Palm Beach Lakes Boulevard. The property, zoned OC—OFFICE COMME (APN 74434319090390150), boasts a contemporary design and is ready for immediate occupancy. The interior features a comprehensive build-out, including private offices, multiple conference rooms, dedicated workstations, comfortable lounge areas, adaptable meeting zones, a fully equipped kitchen, and restrooms. Ample parking is available on-site. This versatile space is perfect for a variety of professional uses, from creative agencies to traditional office settings. The building's design allows for flexibility, with the option to subdivide the space into three independent office areas, catering to diverse business needs. The asking rent is $23 per square foot, plus NNN charges. This represents a significant opportunity to secure a high-quality, well-appointed office space in a prime West Palm Beach location. Inquire today to schedule a viewing and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,049,747

  6.5%

  $1,892,074

  7%

  $1,756,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,459,111

  Geo Method

  $2,459,111

• Alternative Use

  Use

  Valuation

  Residential

  $2,346,172

  Hospitality

  $2,149,081

  Educational

  $1,788,010

  Medical

  $1,849,502

  Retail

  $2,781,349

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7104

Longitude

-80.0949

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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