5201 Village BlvdWest Palm Beach, FL 33407

  • Office properties
  • 3,008 SF
For Lease
$27.62/SF/YR View listing

Property Details for 5201 Village Blvd

Year built
1999
Construction
CONCRETE
Lot size
1.10 AC
Property size (Sq ft)
3,008 SF
Zone code
CPD
Property type
Office properties
Property subtype
Office buildings
APN
74-42-43-01-17-000-0010
APU
74424301170000010

Description

This exceptional 9,308-square-foot medical office building in West Palm Beach, Florida, presents a unique investment opportunity. Situated on 1.1 acres at 5201 Village Blvd (Village Blvd & 45th St), this Class B property boasts two buildings constructed in 1999. The building features a spacious layout with a maximum contiguous space of 6,185 square feet, currently offering 7,289 square feet of vacant space. Ideal for medical or professional office use, the property includes ample parking with 44 spaces. The interior features 11-foot ceilings and has been recently renovated, including new flooring, cabinets, and four bathrooms. The property is zoned CPD and has a Palm Beach County APN of 74424301170000010. Previously occupied by a children's pediatric office and an ABA therapy operator, the space is equipped with exam rooms and a lab, along with a reception/lobby area. A sublease or new lease (NNN) is available. While the current lease has 16 months remaining, the owner is open to negotiating a longer-term lease. This turnkey property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $877,581
    6.5%
    $810,075
    7%
    $752,213
  • Comparable approach

    Method
    Valuation
    Relative Method
    $836,765
    Geo Method
    $836,765
  • Alternative Use

    Use
    Valuation
    Residential
    $1,004,493
    Hospitality
    $920,110
    Educational
    $765,521
    Medical
    $791,848
    Retail
    $1,190,810
5201 Village Blvd, West Palm Beach, Florida

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7611
Longitude
-80.1006
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
$47,241
$754,677
$1,531,360
$2,286,037
-
$754,677
$1,531,360
$2,286,037

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