1400 Glades RdBoca Raton, FL 33431

Property Details for 1400 Glades Rd

Year built

2001

Construction

CONCRETE

Lot size

1.71 AC

Property size (Sq ft)

153,065 SF

Zone code

PL

Property type

Community centers

APN

06-42-47-13-00-000-5050

APU

6424713000005050

Description

University Commons, located at 1400 Glades Road in Boca Raton, Florida (zip code 33431), offers a prime retail opportunity in a vibrant location. This strip center boasts a total of 180,323 square feet and currently features two suites. A total of 4,745 square feet is currently vacant, offering flexible space options for prospective tenants. Individual spaces range from a minimum of 1,616 square feet to a maximum contiguous space of 3,129 square feet, providing versatility for various business needs. The property enjoys exceptional visibility due to its strategic placement at a major intersection, ensuring high traffic and exposure. Its proximity to Florida Atlantic University provides a substantial and readily accessible customer base. Located in Palm Beach County, this retail center presents a compelling investment opportunity in a thriving area with strong demographics and convenient access. The property's address is easily accessible via major roadways. This is an excellent chance to establish or expand a business in a high-traffic, university-adjacent location.

• CAP approach

  CAP return

  Valuation

  6%

  $65,799,904

  6.5%

  $60,738,376

  7%

  $56,399,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $74,525,696

  Geo Method

  $74,525,696

• Alternative Use

  Use

  Valuation

  Residential

  $51,235,092

  Hospitality

  $46,931,068

  Educational

  $39,046,096

  Medical

  $40,388,952

  Retail

  $60,738,376

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3655

Longitude

-80.1131

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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