2255 Glades RdBoca Raton, FL 33431

Property Details for 2255 Glades Rd

Year built

1986

Construction

STEEL FRAME

Lot size

7.75 AC

Property size (Sq ft)

286,890 SF

Zone code

R-B-1

Property type

Office buildings

APN

06-42-47-14-12-001-0000

APU

6424714120010000

Description

This prestigious Class A office building in Boca Raton, Palm Beach County, offers 27,090 square feet of executive office space. The property features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Renovated in 2019, the building includes elevators and caters to various business needs. Options include private, fully furnished offices, customizable spaces, coworking areas, meeting rooms, and virtual office solutions. Tailored to individual requirements, from single-person setups to large corporate offices, the space provides flexible working plans with access to a global network of workspaces. The building offers a benefits program with exclusive discounts and procurement support. Meeting rooms are equipped for presentations, training, or interviews. Virtual offices include mail handling and virtual assistant services. Flexible memberships provide access to various workspace options, including lounges, private offices, and coworking spaces. This location provides a collaborative and inspiring work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $83,897,200

  6.5%

  $77,443,568

  7%

  $71,911,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,430,016

  Geo Method

  $55,430,016

• Alternative Use

  Use

  Valuation

  Residential

  $96,030,024

  Hospitality

  $87,962,984

  Educational

  $73,184,168

  Medical

  $75,701,088

  Retail

  $113,842,040

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3689

Longitude

-80.1263

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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