5500 Village BlvdWest Palm Beach, FL 33407
- Office buildings
- 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 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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