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    Prime Land in Donald Ross Village Title is generated by Realmo AI

    4650 Donald Ross Rd, Palm Beach Gardens, FL 33418

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    Land for ground lease or purchase in mixed-use center.

    Type:Retail, Office, Mixed Use, Land
    Property size:
    2,500 SF
    Lot size:
    0.30 Acres
    Added:
    Oct 5, 2023
    Days on Market:
    975
    Last Refresh:
    May 12 at 11:35 pm

    Property Features for 4650 Donald Ross Rd

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.30 Acres
    Property subtype
    Retail, Office, Mixed Use, Land

    We can help!

    Listing Contact
    Jarrett Brock

    Listing agent Jarrett Brock License #BK3220837

    Listing office Brock Development

    Listing date Oct 5, 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 Brock Development

    HighLights

    • Prime location within the thriving Donald Ross Village mixed‑use center, offering high visibility and access to established amenities.
    • Opportunity to ground lease or purchase a .3‑acre pad site in a highly desirable area.
    • Shared parking available within the shopping center.
    • Close proximity to major retailers and services including CVS, Dunkin Donuts, Palm Beach Sports Club, and Cleveland Clinic.
    • Developer assistance available for site plan approval, leveraging experience with Donald Ross Village and other local projects.
    • Monument signage available.

    Overview

    Available for ground lease or purchase is approximately 0.3 acres of land situated along Military Trail, just south of Donald Ross Road, within the mixed-use center known as Donald Ross Village. The parcel benefits from existing parking within the shopping center. Located in proximity to CVS, Dunkin Donuts, the 20,000 sq.ft. Palm Beach Sports Club, Cleveland Clinic, Resolute, Med Express, and Cycle Bar, the site is positioned at one of the entrances to Donald Ross Village and at the entrance to the 153-unit Cielo townhome community. Monument signage is available. The location is near Donald Ross Village, Abacoa Plaza, and Alton Town Center. Preferred uses are non-parking intensive, such as office, medical, medical-office, low-traffic retail, and similar uses that do not conflict with existing businesses at Donald Ross Village. The maximum building size, to be determined upon site plan approval, will likely be approximately 2,000 to 2,500 sq.ft., subject to use, parking needs, and other details. A two-story building may allow for a slightly larger maximum building size. The building design must be consistent with the existing project's design.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1634
    Latitude
    26.8447

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    FAQs

    What type of property is this?
    Commercial land - Land for ground lease or purchase in mixed-use center.
    Where is this commercial land located?
    The property is located at 4650 Donald Ross Rd Palm Beach Gardens, FL.
    What are key features of this property?
    This property features: Prime location within the thriving Donald Ross Village mixed‑use center, offering high visibility and access to established amenities.; Opportunity to ground lease or purchase a .3‑acre pad site in a highly desirable area.; Shared parking available within the shopping center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jarrett Brock
    Real Estate License ID: BK3220837
    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.

    More about this property
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    4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
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