5201 Village BlvdWest Palm Beach, FL 33407

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 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.

• 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

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

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