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    High-End Office Park Title is generated by Realmo AI

    7108 Fairway Dr, Palm Beach Gardens, FL 33418

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    224,000 SF office park within PGA National Resort.

    Type:Office
    Property size:
    224,000 SF
    Lot size:
    16.00 Acres
    Added:
    Aug 17, 2021
    Days on Market:
    1754
    Last Refresh:
    May 12 at 9:13 pm

    Property Features for 7108 Fairway Dr

    General Information

    Standard status
    Active
    Size
    224,000 SF
    Lot size
    16.00 Acres
    Property subtype
    Office

    Spaces For Lease

    at 7108 Fairway Dr Contact us

    7111-104 $39/Mo

    Size
    5,864 SF
    Type
    Office
    Contact us

    7108-330 $39/Mo

    Size
    2,422 SF
    Type
    Office
    Features private offices, an open work area, a reception area, and a storage room.
    Contact us

    7111-302 $39/Mo

    Size
    4,376 SF
    Type
    Office
    View 3D Tour: https://my.matterport.com/show/?m=NmGrvC3eCkC | This bright and spacious...
    show more
    Contact us

    7111-201 $39/Mo

    Size
    6,878 SF
    Type
    Office
    Expansive layout with private offices, large open work areas, a conference room,...
    show more
    Contact us

    7108-123 $39/Mo

    Size
    984 SF
    Type
    Office
    Efficient layout featuring 5 private offices.
    Contact us

    7111-410 $39/Mo

    Size
    3,378 SF
    Type
    Office
    View 3D Tour: https://my.matterport.com/show/?m=ZtqoC3vLorL | Spacious suite with...
    show more
    Contact us

    7121-202 $39/Mo

    Size
    8,038 SF
    Type
    Office
    Build-to-suit, shell space.
    Contact us

    7111-450 $39/Mo

    Size
    6,794 SF
    Type
    Office
    Spacious layout featuring a reception area, private offices, open work areas, and...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Jason Sundook
    Jason Sundook

    Listing agent Jason Sundook License #FL 602243

    Listing office NAI Merin Hunter Codman, Inc. West Palm Beach

    Listing date Aug 17, 2021

    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 NAI Merin Hunter Codman, Inc. West Palm Beach

    HighLights

    • Located within the prestigious PGA National Resort and Spa community, offering access to amenities like championship golf courses, a wellness facility, and sports clubs.
    • Energy Star Certified office park with first‑class amenities, ample parking, and security.
    • Turnkey and customizable office suites available, many with lake views.
    • High‑speed internet options from multiple providers (FPL Fibernet, Comcast, Century Link).
    • Prime location at PGA Boulevard and Florida’s Turnpike, providing easy access and visibility.
    • Proximity to a variety of high‑end and casual dining options.

    Overview

    Fairway Office Center is a 224,000-square-foot office park comprising three high-end office buildings. The property is situated on a 16-acre campus within the PGA National Resort and Spa community. The location at PGA Boulevard and Florida’s Turnpike places businesses near the PGA National Resort, which features six championship golf courses, a wellness facility, a sports and racquet club, and a membership club. Employees have access to high-end and casual dining options, including Texas de Brazil, Café Chardonnay, Outback Steakhouse, and Starbucks. The property offers first-class amenities, ample parking, and security. Turnkey and customizable suites are available, with many offering lake views. High-speed internet is available through FPL Fibernet, Comcast, and Century Link. The property is Energy Star Certified. Operating Expenses include electricity and janitorial services. The 2025 estimated operating expense for the 7108 Building is $19.50/SF; for the 7111 Building: $18.75/SF; and for the 7121 Building: $18.75/SF. It is the perfect destination for businesses in search of turnkey and custom-made options in a luxurious community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1344905
    Latitude
    26.8362018

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    FAQs

    What type of property is this?
    Office building - 224,000 SF office park within PGA National Resort.
    Where is this office building located?
    The property is located at 7108 Fairway Dr Palm Beach Gardens, FL.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: Located within the prestigious PGA National Resort and Spa community, offering access to amenities like championship golf courses, a wellness facility, and sports clubs.; Energy Star Certified office park with first‑class amenities, ample parking, and security.; **Turnkey and customizable office suites available, many with lake views.**
    (561) 471-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Sundook
    Jason Sundook
    Real Estate License ID: FL 602243
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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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