5500 Village BlvdWest Palm Beach, FL 33407

  • Office properties
  • 37,276 SF
For Sale
$14,000,000 View listing

Property Details for 5500 Village Blvd

Year built
1989
Construction
CONCRETE
Lot size
3.16 AC
Property size (Sq ft)
37,276 SF
Zone code
CPD
Property type
Office properties
Property subtype
Office buildings
APN
74-43-43-06-10-000-0131
APU
74434306100000131

Description

The Atrium, a two-story Class A office building in West Palm Beach's North Point Business Park, offers 37,392 square feet of executive office space. Located just off I-95, this convenient location is surrounded by restaurants and retailers. The building features a central atrium and is divisible into suites ranging from 9,532 to 19,488 contiguous square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,875,239
    6.5%
    $10,038,683
    7%
    $9,321,634
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,369,438
    Geo Method
    $10,369,438
  • Alternative Use

    Use
    Valuation
    Residential
    $12,447,966
    Hospitality
    $11,402,270
    Educational
    $9,486,555
    Medical
    $9,812,812
    Retail
    $14,756,863
5500 Village Blvd, West Palm Beach, Florida

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7622
Longitude
-80.0993
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
$170,561
$1,923,250
$6,239,528
$8,162,778
-
$1,923,250
$6,239,528
$8,162,778

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