1641 Worthington RdWest Palm Beach, FL 33409

Property Details for 1641 Worthington Rd

Year built

2008

Construction

CONCRETE

Lot size

1.52 AC

Property size (Sq ft)

103,950 SF

Zone code

CPD

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-29-22-000-0010

APU

74434329220000010

Description

EcoPlex, a 100,525-square-foot Class A office building in West Palm Beach, Florida, offers premium workspace. Built in 2008 and renovated in 2023, this single building boasts a LEED Gold certification from the U.S. Green Building Council, showcasing its commitment to sustainability. Designed to withstand Category 4 hurricanes, the building features high-impact glass, three 100% backup generators capable of running for up to seven days, and a rainwater recycling system. The property includes an attached five-story parking garage with 700 spaces, providing ample parking for tenants and visitors. Units range from a minimum of 2,383 square feet to a maximum contiguous space of 8,936 square feet, suitable for various business needs. Amenities include an upgraded lobby, EV charging stations, a new spec suite, and an on-site fitness center with showers and lockers. The building is conveniently located at 1641 Worthington Rd, West Palm Beach, FL 33409, offering easy access to Palm Beach International Airport, I-95, Florida's Turnpike, and downtown West Palm Beach. The zoning is CPD. The APN is 74-43-43-29-22-000-0010. The estimated 2024 CAM is $16.00, inclusive of electricity and janitorial services. This exceptional property provides a resilient, efficient, and amenity-rich environment for businesses seeking a prime location in West Palm Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $24,103,076

  6.5%

  $22,248,994

  7%

  $20,659,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,916,812

  Geo Method

  $28,916,812

• Alternative Use

  Use

  Valuation

  Residential

  $27,588,752

  Hospitality

  $25,271,148

  Educational

  $21,025,300

  Medical

  $21,748,392

  Retail

  $32,706,022

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6972

Longitude

-80.0749

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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