5201 Village BlvdWest Palm Beach, FL 33407
- Office properties
- 3,008 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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