240 Palmetto Park RdBoca Raton, FL 33432

Property Details for 240 Palmetto Park Rd

Year built

2004

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

11,124 SF

Zone code

DDRI

Property type

Retail properties

Property subtype

Banks

APN

06-43-47-29-57-002-0010

APU

6434729570020010

Description

This exceptional offering presents two newly renovated office suites available for lease at 240 W Palmetto Park Rd, Boca Raton, FL 33432. Located in a Class A building constructed in 1980, these suites cater to a variety of business needs, suitable for traditional office, coworking, medical office, or creative office uses. The suites range in size from 575 square feet to 900 square feet, offering flexible space options for businesses of varying scales. The building boasts a prime location directly on W Palmetto Park Road, just blocks from the vibrant downtown Boca Raton and Mizner Park areas. The convenience extends to its proximity to the Boca Brightline Station, providing easy access to regional transportation. The property is well-maintained and houses a mix of professional and medical tenants, creating a sophisticated and collaborative environment. Ample parking is available for tenants and their clients in the rear of the building. These newly renovated suites offer a modern and efficient workspace in a highly desirable location. Palm Beach County location. Multiple tenancy available.

• CAP approach

  CAP return

  Valuation

  6%

  $4,963,895

  6.5%

  $4,582,057

  7%

  $4,254,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,416,156

  Geo Method

  $5,416,156

• Alternative Use

  Use

  Valuation

  Residential

  $3,865,136

  Hospitality

  $3,540,444

  Educational

  $2,945,608

  Medical

  $3,046,912

  Retail

  $4,582,057

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3503

Longitude

-80.0822

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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