469 Spencer DrWest Palm Beach, FL 33409

  • Office properties
  • 8,840 SF
For Lease
$23/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
469 Spencer Dr, West Palm Beach, Florida

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

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
$33,742
$402,920
$1,156,440
$1,559,360
-
$402,920
$1,156,440
$1,559,360

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