200 Palmetto Park RdBoca Raton, FL 33432

Property Details for 200 Palmetto Park Rd

Year built

2009

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

8,668 SF

Property type

Retail properties

Property subtype

Retail space

APN

06-43-47-29-63-000-0010

APU

6434729630000010

Description

This exceptional office property at 200 West Palmetto Park Road in Palm Beach County offers two available suites, ranging from 1,904 to 1,963 square feet. Located in a three-story, Class B building (21,424 square feet total), this space is ideal for businesses seeking a blend of modern amenities and convenient location. The building, constructed in 1982 and renovated in 2020, boasts a contemporary aesthetic with open floor plans featuring exposed ceilings. Each suite benefits from the building's impressive features, including 24-hour access, convenient bus line access, and prominent signage opportunities. Ample surface parking is available with 76 spaces provided. The building's strategic location ensures high visibility and benefits from heavy daytime traffic. The typical floor size is 7,141 square feet, and the unfinished ceiling height is a generous 10 feet. The property's multiple tenancy structure offers flexibility and a vibrant work environment. This is a rare opportunity to secure modern office space in a desirable Palm Beach County location. The building's modern buildouts provide a ready-to-occupy environment, minimizing upfront costs and maximizing efficiency. Banking services are also conveniently located nearby.

• CAP approach

  CAP return

  Valuation

  6%

  $3,867,947

  6.5%

  $3,570,413

  7%

  $3,315,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,220,356

  Geo Method

  $4,220,356

• Alternative Use

  Use

  Valuation

  Residential

  $3,011,777

  Hospitality

  $2,758,771

  Educational

  $2,295,265

  Medical

  $2,374,203

  Retail

  $3,570,413

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3501

Longitude

-80.083

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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