7301 Palmetto Park RdBoca Raton, FL 33433

Property Details for 7301 Palmetto Park Rd

Year built

1982

Construction

CONCRETE

Lot size

4.44 AC

Property size (Sq ft)

50,929 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

00-42-47-21-14-000-0010

APU

424721140000010

Description

This exceptional two-story, 63,784-square-foot Class B office building, located in Boca Raton West at 7301 W Palmetto Park Rd, Boca Raton, FL 33433, offers a diverse range of office spaces ideal for medical, executive, or traditional office uses. Built in 1985 and extensively renovated in 2024, the property boasts a convenient location between I-95 and Florida's Turnpike, providing easy access for employees and clients. The building features a generous 4.4/1,000 parking ratio, ensuring ample parking for tenants and visitors. Currently, the building houses a mix of tenants, including Baptist/Boca Raton Regional Hospital and numerous medical professionals, demonstrating its strong appeal within the medical community. Four suites are currently available, ranging from 997 to 1,763 square feet. The lease rate is $27.00 NNN, with operating expenses of $14.25. Electric is separately metered, and tenants have individual air conditioning control. Common area renovations are currently underway, and on-site property management ensures smooth operations. This property presents a compelling investment opportunity in a thriving Boca Raton submarket. Palm Beach County location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,193,814

  6.5%

  $11,255,829

  7%

  $10,451,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,839,992

  Geo Method

  $9,839,992

• Alternative Use

  Use

  Valuation

  Residential

  $13,957,228

  Hospitality

  $12,784,745

  Educational

  $10,636,758

  Medical

  $11,002,572

  Retail

  $16,546,068

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3511

Longitude

-80.1591

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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