171 16Th StBoca Raton, FL 33432

Property Details for 171 16Th St

Year built

1955

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

7,400 SF

Zone code

M-2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

06-43-47-17-28-018-0072

APU

6434717280180072

Description

This exceptional 7,400-square-foot flex space in Boca Raton, Florida, presents a unique opportunity for businesses seeking a blend of warehouse and office functionality. Located at 171 NW 16th Street, 33432, this single-tenant industrial property offers ample space for diverse operational needs. The building boasts approximately 4,000 square feet of outdoor area, ideal for storage, loading, or expansion. Inside, the high ceilings, measuring 18 feet, provide significant vertical space, maximizing storage capacity and creating a spacious interior. Two grade-level loading doors ensure efficient and convenient access for loading and unloading goods. The property's strategic location in Boca Raton offers easy access to major transportation routes, enhancing logistical efficiency and streamlining operations. This single-tenant occupancy provides privacy and control over the entire space, allowing businesses to customize the layout and functionality to perfectly suit their specific requirements. The combination of warehouse and office space makes this property suitable for a wide range of businesses, from light manufacturing and distribution to office-based operations requiring additional storage or workshop space. This property is an excellent choice for businesses seeking a functional, well-located, and versatile industrial space in the thriving Boca Raton market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,302,124

  6.5%

  $3,048,114

  7%

  $2,830,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,602,980

  Geo Method

  $3,602,980

• Alternative Use

  Use

  Valuation

  Residential

  $2,571,198

  Hospitality

  $2,355,204

  Educational

  $1,959,502

  Medical

  $2,026,892

  Retail

  $3,048,114

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3648

Longitude

-80.0894

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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