This exceptional industrial property, located in Boca Raton's thriving industrial district, offers 16,562 square feet of versatile space ideal for manufacturing, warehousing, or corporate services. The property consists of two buildings, each single-story, totaling 16,562 square feet. A significant portion of the space is dedicated to a spacious warehouse (68' x 82') boasting 28-foot ceilings, perfect for efficient storage and logistics operations. Integrated within the warehouse are 10 well-appointed retail offices situated along East Rogers Circle, providing excellent visibility and accessibility. These offices are complemented by an employee-friendly eat-in kitchen and two bathrooms—one in the office showroom and another in the warehouse area. The property features a mezzanine in Bays 1 and 2 combined, adding further functional space. The M-3 (Manufacturing Industrial) zoning allows for a wide array of commercial uses, ensuring flexibility for diverse business needs. This property represents a rare opportunity to secure a substantial and well-equipped warehouse in a highly desirable South Florida location. The property's APN is 06424701010040250.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,119,708
6.5%
$6,572,038
7%
$6,102,606
Comparable approach
Method
Valuation
Relative Method
$8,063,859
Geo Method
$8,063,859
Alternative Use
Use
Valuation
Residential
$5,543,760
Hospitality
$5,078,054
Educational
$4,224,882
Medical
$4,370,182
Retail
$6,572,038
Location Insight
City
Boca Raton
County
Palm Beach
State
Florida
Latitude
26.4053
Longitude
-80.1074
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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