750 Park Of Commerce DrBoca Raton, FL 33487

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 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.

• 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

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