420 Royal Palm WayPalm Beach, FL 33480

Property Details for 420 Royal Palm Way

Year built

2002

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

12,948 SF

Zone code

C-OPI

Property type

Office properties

Property subtype

Office buildings

APN

50-43-43-23-05-023-0510

APU

50434323050230510

Description

This exceptional Class A executive office space, located at 420 Royal Palm Way in Palm Beach, Florida, presents a unique leasing opportunity. The property boasts a total of 13,948 square feet across three stories, with 2,023 square feet currently available for a single tenant. Situated in the prestigious Banker's Row area, this building offers convenient access to I-95, just five minutes away. The building's architectural charm is undeniable, featuring classic Spanish finishes and traditional Spanish roofing. A two-story parking garage is conveniently attached to the building, ensuring ample parking for tenants and their guests. The location is unparalleled, placing you in close proximity to the renowned Breakers Resort and the upscale shopping haven of Worth Avenue, home to luxury retailers such as Jimmy Choo, Saks Fifth Avenue, and Salvatore Ferragamo. This is a rare opportunity to secure a prestigious office space in one of Palm Beach's most desirable locations. The property is in Palm Beach County, Florida, with a zip code of 33480.

• CAP approach

  CAP return

  Valuation

  6%

  $3,002,276

  6.5%

  $2,771,332

  7%

  $2,573,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,601,875

  Geo Method

  $3,601,875

• Alternative Use

  Use

  Valuation

  Residential

  $3,436,452

  Hospitality

  $3,147,772

  Educational

  $2,618,909

  Medical

  $2,708,977

  Retail

  $4,073,858

Location Insight

City

Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7053

Longitude

-80.0419

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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