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
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible commercial spaces for warehouse, office, and industrial use.

    Type:Industrial, Office
    Added:
    Jun 29, 2023
    Days on Market:
    1029
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3111 Fortune Way

    General Information

    Standard status
    Active
    Property subtype
    Industrial, Office

    Spaces For Lease

    at 3111 Fortune Way Contact us

    We can help!

    Listing Contact
    Jorge Rivera

    Listing agent Jorge Rivera License #CA

    Listing office Link Logistics

    Listing date Jun 29, 2023

    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 Link Logistics

    Overview

    Wellington Commercial Flex Space Available

    Located in Palm Beach County’s Village of Wellington, Wellington Commerce Park offers flexible commercial real estate spaces designed to accommodate evolving business needs. The location is near The Mall at Wellington Green and Wellington Commerce Park. The property is suitable for warehouse, office, and industrial use.
    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

    • Contact for pricing

      Wellington Medical Office Space Available

      Built-out medical office space in a great Wellington location.
      2585 S State Road 7 100, Wellington, FL 33414
      View Details
    • $170,000/mo

      Wellington Equestrian Farm Rental

      Exceptional equestrian facility available for the 2027 WEF season.
      1382 Clydesdale Avenue, Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Facility in Grand Prix Village

      22-stall barn with all-weather ring and grooms quarters.
      3689 Grand Prix Farms Drive, Wellington, FL 33414
      View Details
    • $27/mo

      Wellington Flex Space Available

      Flex space in a premier business hub near equestrian grounds.
      3111 Fortune Way, Wellington, FL 33414
      View Details
    • $27/mo

      Wellington Commerce Park Flex Space

      Flex space available for sublease in a premier business hub.
      3111 Fortune Way, Wellington, FL 33414
      View Details
    • $32/mo

      Wellington Class-A Mixed-Use Property

      Premier Wellington mixed-use property ideal for retail, medical, or office.
      12300 South Shore Boulevard, Wellington, FL 33414
      View Details
    • $32/mo

      Class-A Wellington Mixed-Use Property

      Premier office, medical, and retail space in the heart of Wellington.
      12300 South Shore Boulevard, Wellington, FL 33414
      View Details
    • Contact for pricing

      Retail Property Near Airport

      Retail space for lease with immediate airport access.
      4050 Hooks Road, Wellington, FL 33467
      View Details
    • $39/mo

      Wellington Reserve Professional Park Space

      Upscale office, medical, and retail space for lease.
      1035 S State Road 7, Wellington, FL
      View Details
    • Contact for pricing

      Retail Space in Wellington Center

      Retail space shadow-anchored by Publix in high-traffic Wellington.
      Address Not Disclosed, Wellington, FL
      View Details
    • Contact for pricing

      Wellington Office Space For Rent

      Office space featuring LED lights, LVT flooring, and high ceilings.
      11260 Fortune Cir, Wellington, FL
      View Details
    • $25/mo

      Wellington Flex Space Available

      Flex space in established Wellington Commerce Park, convenient location.
      3133 Fortune Way, Wellington, FL
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible commercial spaces for warehouse, office, and industrial use.
    Where is this flex space located?
    The property is located at 3111 Fortune Way Wellington, FL.
    What are key features of this property?
    This property features: Flexible commercial spaces to accommodate current and future business needs.; Located in the reputable Wellington Commerce Park.; Prime location in Palm Beach County's Village of Wellington.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jorge Rivera
    Real Estate License ID: CA
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!