750 Park Of Commerce DrBoca Raton, FL 33487
- Office properties
- 133,850 SF
Property Details for 750 Park Of Commerce Dr
- Year built
- 1986
- Construction
- CONCRETE
- Lot size
- 9.53 AC
- Property size (Sq ft)
- 133,850 SF
- Zone code
- LIRP
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 06-43-47-06-08-003-0000
- APU
- 6434706080030000
Description
Located at 750 Park of Commerce Drive in Boca Raton, Florida, 750@Park offers a prime opportunity to lease Class A office space. This single, two-story building, constructed in 1986 and renovated in 2014, boasts a total of 137,000 square feet, with a minimum divisible space of 10,000 square feet and a maximum contiguous space of 38,000 square feet. Currently, 38,000 square feet is available for lease. The building features impressive 21-foot ceilings and ample parking with 540 surface spaces, providing a 3.94/1,000 SF ratio. Elevators are available for convenient access to all floors. Situated on 9.53 acres of land in the South Florida submarket, this property benefits from a convenient location near the intersection of Park of Commerce Drive and Congress Avenue, offering easy access to I-95, Boca Raton Airport, and numerous restaurants and hotels. The property is zoned LIRP, Palm Beach, and its Palm Beach County location provides a prestigious address. The building's APN is 06-43-47-06-08-003-0000. This exceptional office space provides a blend of modern amenities and a desirable location, making it an ideal choice for businesses seeking a thriving and convenient work environment. The building's floor plans are highly adaptable to various business needs.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $39,142,668
- 6.5%
- $36,131,692
- 7%
- $33,550,858
-
Comparable approach
- Method
- Valuation
- Relative Method
- $25,861,158
- Geo Method
- $25,861,158
-
Alternative Use
- Use
- Valuation
- Residential
- $44,803,300
- Hospitality
- $41,039,580
- Educational
- $34,144,448
- Medical
- $35,318,728
- Retail
- $53,113,588
Location Insight
- City
- Boca Raton
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.4
- Longitude
- -80.1007
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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