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    Automotive Facility in Palm Beach Title is generated by Realmo AI

    170 Business Park Way, Royal Palm Beach, FL 33411

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    Purpose-built automotive and collision facility in high-demand location.

    Type:Industrial, Special Purpose
    Property size:
    18,000 SF
    Added:
    May 11, 2026
    Days on Market:
    19
    Last Refresh:
    May 14 at 8:44 pm

    Property Features for 170 Business Park Way

    General Information

    Standard status
    Active
    Size
    18,000 SF
    Property subtype
    Industrial, Special Purpose

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 170 Business Park Way Contact us

    We can help!

    Listing Contact
    Menachem Raksin

    Listing agent Menachem Raksin License #SL3550486

    Listing office Trachtgut Management

    Listing date May 11, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Trachtgut Management

    HighLights

    • Purpose‑built automotive and collision facility, ready for immediate operation.
    • Rare opportunity in a supply‑constrained Palm Beach County industrial market.
    • Prime location in the heart of Palm Beach County with direct access to major routes.
    • High‑throughput operational layout with up to 17 service bays and spray booth infrastructure.
    • Flexible configuration allows for scaling operations.
    • Ideal for various automotive uses including collision repair and fleet servicing.

    Overview

    This automotive and collision facility is located in Palm Beach County's automotive and commercial corridor, offering access to I-95, the Florida Turnpike, Palm Beach International Airport, affluent demographics, dealership networks, and major regional traffic corridors. The property provides approximately 9,000 to 18,000 square feet of space, featuring up to 17 service bays, spray booth infrastructure, office and customer reception areas, and a high-throughput operational layout designed for automotive use. This facility is built for immediate operation, unlike traditional industrial spaces that require retrofitting and permitting. The flexible configuration allows operators to scale their operations without relocation or disruption. It is suited for collision repair, fleet servicing, dealership overflow, insurance work, recon centers, and MSO expansion.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Yeager elite — 10043 Belvedere Rd, Royal Palm Beach, FL 33411
    • Brake World — 1213 n state rd 7, royal palm beach, fl 33411
    • Tint solutions USA — 175 Catania Way, West Palm Beach, FL 33411
    • Royal Palm Beach Mobile Windshield Replacement Co. — 9100 belvedere rd, west palm beach, fl 33411
    • CJE Services, Inc. — 9150 Belvedere Rd Unit #113, Royal Palm Beach, FL 33411

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.203065
    Latitude
    26.698907

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    FAQs

    What type of property is this?
    Auto shop - Purpose-built automotive and collision facility in high-demand location.
    Where is this auto shop located?
    The property is located at 170 Business Park Way Royal Palm Beach, FL.
    What are key features of this property?
    This property features: Purpose‑built automotive and collision facility, ready for immediate operation.; Rare opportunity in a supply‑constrained Palm Beach County industrial market.; Prime location in the heart of Palm Beach County with direct access to major routes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Menachem Raksin
    Real Estate License ID: SL3550486
    Learn More
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    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.

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