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    2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL 33404

    For Sale
    Contact for pricing

    Well-maintained Class B office building with government tenants.

    Property size:
    60,969 SF
    Lot size:
    5.94 Acres

    Property Features for 2051 Dr Martin Luther King Jr Blvd

    General Information

    Size
    60,969 SF
    Lot size
    5.94 Acres

    Source: Colliers | Boca Raton Agent Mark M. Rubin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Building in Riviera

    Port Center is a well-maintained, three-story Class B office building centrally located in Riviera Beach. The property has been recently updated and features an impressive rent roll of Government tenants. Recent leasing activity has raised the in-place income and extended the lease terms. The property has a strong location serving the Class-B office market of West Palm Beach, with excellent access to the I-95 highway. The meticulously maintained asset has had over $400,000 in recent upgrades and features timeless architecture with no deferred maintenance. The property contains 60969 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0891468
    Latitude
    26.7690372

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    FAQs

    What type of property is this?
    Office building - Well-maintained Class B office building with government tenants.
    Where is this office building located?
    The property is located at 2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL.
    What are key features of this property?
    This property features: - Strong in-place rent (average of $23.29 PSF) with potential to increase rents as leases roll over.; - Impressive rent roll of Government tenants.; - Meticulously maintained asset with over $400,000 in recent upgrades and no deferred maintenance.
    (561) 302-2511
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    2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL 33404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2051 Dr Martin Luther King Jr Blvd Riviera Beach, FL 33404
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