Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3111 Fortune Way Wellington, FL 33414

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr

    Flex space in a premier business hub near equestrian grounds.

    We can help!

    Listing Contact
    Lauren Lam
    Lauren Lam
    Source: Naiglobal

    Listing Agent: Lauren Lam

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

    Learn more

    Overview

    Wellington Flex Space Available

    Located within Wellington Commerce Park, a well-known business hub with on-site property management, the property at 3111 Fortune Way offers flex space. The location is south of Forest Hill Blvd and west of US-441, within an affluent equestrian community, minutes from the National Polo Center and Wellington Equestrian grounds, and near luxury communities. The property provides approximately 1,500 square feet of office/showroom space and an additional approximately 750 square feet of warehouse space. It is available for sublease through February 2026 with an all-inclusive rate, including electricity. The property has easy access to US-441, the Florida Turnpike, and Southern Blvd. It is also close to Whole Foods, Trader Joe’s, Starbucks, Walgreens, and the Wellington Mall.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2276905
    Latitude
    26.6358772

    Nearby Similar for Lease

    • New
      $19,500 /Mo
      801 SF

      Equestrian Facility in Grand Prix Village

      22-stall barn with all-weather ring and grooms quarters.
      3689 Grand Prix Farms Dr, Wellington, FL 33414
      View Details
    • $2,000 /Mo
      264 SF

      Equestrian Facility with Eight Stalls

      Wellington barn with stalls, studio, paddocks, and ESI ring.
      14565 Belmont Trce, Wellington, FL 33414
      View Details
    • $1,400 /Mo
      4,489 SF

      Equestrian Farm Rental Opportunity

      Well-maintained equestrian farm with stalls, paddocks, riding ring.
      14628 Draft Horse Ln, Wellington, FL 33414
      View Details
    • New
      $170,000
      4,977 SF

      Wellington Equestrian Farm Rental

      Exceptional equestrian facility available for the 2027 WEF season.
      1382 Clydesdale Ave, Wellington, FL 33414
      View Details
    • $8,500 /Mo
      2,635 SF

      Equestrian Property Near Wellington International

      Exceptional equestrian facilities available for seasonal rental near Wellington International.
      Wellington, FL 33414
      View Details
    • $10,000 /Mo

      Equestrian Facility with Stalls Available

      Wellington equestrian facility with shared barn features for rent.
      2040 Galloway Trl, Wellington, FL 33414
      View Details
    • $1,750 /Mo
      2,958 SF

      Equestrian Facility in Saddle Trail

      Turnkey equestrian property with 6 stalls, ring, and paddocks.
      2080 Canter Way, Wellington, FL 33414
      View Details
    • $400,000
      507 SF

      Equestrian Farm Rental Near Wellington

      Premier equestrian farm rental in Grand Prix Village, Wellington, FL.
      3508 Grand Prix Farms Dr, Wellington, FL 33414
      View Details
    • $750,000
      9,544 SF

      Equestrian Facility Near WEF Grounds

      Wellington equestrian facility with stalls, paddocks, arena, and apartments.
      14775 Equestrian Way, Wellington, FL 33414
      View Details
    • $78,000
      2,339 SF

      Equestrian Barn for Seasonal Rent

      Wellington barn with stalls, tack room, ring, and paddocks.
      15416 Sunnyland Ln, Wellington, FL 33414
      View Details
    • $10,500 /Mo
      7,600 SF

      Wellington Equestrian Barn with Arena

      12-stall barn with arena and paddocks for lease.
      2022 Appaloosa Trl, Wellington, FL 33414
      View Details
    • $294,000
      9,544 SF

      Equestrian Facility with Multiple Stalls

      Wellington equestrian facility for rent with stalls and arena.
      14775 Equestrian Way, Wellington, FL 33414
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space in a premier business hub near equestrian grounds.
    Where is this flex space located?
    The property is located at 3111 Fortune Way Wellington, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Premier flex space in well-known Wellington Commerce Park with on-site property management.; - Excellent location with easy access to US-441 and the Florida Turnpike.; - Close proximity to the National Polo Center and Wellington Equestrian grounds.
    (561) 252-4290
    Request Owner's contact information
    3111 Fortune Way Wellington, FL 33414
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3111 Fortune Way
    Wellington, FL 33414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3111 Fortune Way Wellington, FL 33414
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lauren Lam
    Lauren Lam
    (561) 252-4290
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!