Property profile

1420 Forsythe Rd West Palm Beach, FL 33405

OFF-MARKET
Auto shops
Property ID
US18-2430129
2,420 SF 0.13 ac lot Built 1975
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

A freestanding CBS (concrete block stucco) industrial building totaling 2,420 square feet is situated on a 5,510 square foot lot. The facility features 13-foot ceilings, a concrete roof, and three powered overhead doors providing vehicle access and supporting service workflow. The property includes an enclosed, fenced external area that can accommodate approximately 8 to 10 vehicles for storage and day-to-day parking. The site is a standalone parcel with direct on-site access suitable for users requiring frequent vehicle movement, and it is located near I-95 for regional connectivity. The building is configured for collision and auto body repair but is also suitable for other light automotive uses, car storage, and other small-business or trades operations with minor modifications, with the overhead door placement and fenced vehicle area providing functional flexibility for ongoing automotive activity or potential redevelopment of the site.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1975
Construction CONCRETE
Total area 2,420 SF
Lot 0.13 ac (5,510 SF)
Zoning code I
APN 74-43-43-32-01-006-0010
UPID US18-2430129

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1420 Forsythe Rd West Palm Beach, FL 33405-1014
West Palm Beach metro Census 3300 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2012
3 recorded transactions
2021
Price N/A
2012
$150,000
1969
Price N/A

Zoning & alternative use

I · West Palm Beach, FL
Zoning description

-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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