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    Property profile & analytics

    11211 Prosperity Farms Rd Ste A101 Palm Beach Gardens, FL 33410-3479

    • Office buildings
    • 1,328 SF
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5339408
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Palm Beach Endodontics / Endodontist
    • Dr. Kenneth W. Bradshaw, DDS / Endodontist
    • Upledger Clinic / Chiropractor / Craniosacral Therapy
    • Dr. Charlyn R. Bradshaw, DMD / Endodontist
    • Galla Stephen T DDS / Endodontist

    Property Details for 11211 Prosperity Farms Rd Ste A101

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Property size
    1,328 SF
    Property type
    Office buildings
    APN
    52-43-42-05-14-000-1010
    APU
    52434205140001010

    Description

    This exceptional 4,306 square foot medical office condominium is ideally situated in the desirable Palm Beach Gardens, Florida, at 11211 Prosperity Farms Rd, zip code 33410. Located within the established Oakpark Office Condominium Park, this property offers a prime location near Palm Beach Gardens Medical Center, The Gardens Mall, Legacy Place, and Downtown at the Gardens, providing convenient access to numerous restaurants and retail options. The asking price is $1,625,000. This Class C, owner-user investment opportunity boasts four contiguous units on the second floor of Building D, offering a total of 10 offices, a conference room, and a reception/waiting area with two restrooms. Currently 100% occupied, the property features a single tenancy and is ideally suited for a medical practice or similar professional use. Built in 1980, this three-story building provides a functional and well-maintained space. The occupancy date is November 1st, 2024. This is a rare opportunity to acquire a well-located, fully occupied medical office building in a thriving Palm Beach Gardens market. The property's proximity to major medical facilities and retail centers makes it an attractive investment for both owner-occupiers and investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $218,000
      Market price range: $141k - $364k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0732
    Latitude
    26.8404
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,947
    $0.00
    $315,215
    $315,215
    -
    $0.00
    $315,215
    $315,215

    Comparable in this City

    • Value Estimation
      $290,000
      7,579 SF

      11211 Prosperity Farms Rd Ste D223

      OFFICE BUILDING • 7,579 SF
      11211 Prosperity Farms Rd Ste D223, Palm Beach Gardens, FL 33410-3491
      View Details
    • Value Estimation
      $915,000
      33,232 SF

      9121 Military Trl Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 33,232 SF
      9121 Military Trl Ste, Palm Beach Gardens, FL 33410-5985
      View Details
    • Value Estimation
      $95,000
      5,128 SF

      7751 Military Trl

      OFFICE BUILDING (MULTI-STORY) • 5,128 SF
      7751 Military Trl, West Palm Beach, FL 33410-7432
      View Details
    • Value Estimation
      $600,000
      9,879 SF

      2725 Pga Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,879 SF
      2725 Pga Blvd, Palm Beach Gardens, FL 33410-2905
      View Details
    • Value Estimation
      $1,755,000
      4,212 SF

      2701 Pga Blvd Ste C

      OFFICE BUILDING • 4,212 SF
      2701 Pga Blvd Ste C, Palm Beach Gardens, FL 33410-2982
      View Details
    • Value Estimation
      $18,310,000
      49,848 SF

      11025 Rca Ctr Dr Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 49,848 SF
      11025 Rca Ctr Dr Ste, Palm Beach Gardens, FL 33410-4269
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Prosperity Farms Road Office Condo

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      View Details
    • $18 SF/Yr
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      Palm Beach Gardens Office Space

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    • Contact for pricing

      Palm Beach Gardens Office Suite

      Prime office space, balcony, flexible lease.
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      View Details
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    Palm Beach Gardens, FL 33410-3479
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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.

    More about this property
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