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    12010 Us Hwy North Palm Beach, FL 33408

    Sponsored
    For Sale
    $4,300,000

    Luxury Retail Building, Prime Location

    Property size:
    5,991 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 12010 US Highway #1 in North Palm Beach, Florida, presents a rare investment opportunity. Priced at $4,300,000 with a 7.00% cap rate, this single-tenant building boasts 5,991 square feet of space and is currently 100% occupied under a NNN lease with one year remaining. Built in 2002, the building features high ceilings on both the first and second floors, an elevator, and ample parking. A significant advantage is its location in the heart of North Palm Beach, offering unparalleled access to Palm Beach County's most prestigious communities, including Lost Tree, Seminole Landing, and several renowned golf clubs. The property's .41-acre lot backs onto a navigable waterway, enhancing its appeal and providing a unique waterfront aspect. A balcony overlooks the canal leading to Little Lake Worth. The building's design is highly functional and adaptable to various uses, making it an attractive investment for discerning buyers. This is a first-time-to-market offering of a well-maintained, luxury commercial building in a highly desirable location. The zip code is 33408.

    Property Features for 12010 Us Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    5,991 SF

    Building Details

    Year Built
    2002
    Units
    1

    HighLights

    • $4,300,000 asking price.
    • 5,991 square foot retail building.
    • NNN lease, single tenant, 100% occupancy, one year remaining lease term.
    • 7.00% cap rate.
    • Located at 12010 US Highway #1, North Palm Beach, FL 33408.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0578144
    Latitude
    26.852684

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    FAQs

    What type of property is this?
    Retail property - Luxury Retail Building, Prime Location
    Where is this retail property located?
    The property is located at 12010 Us Hwy North Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price.; 5,991 square foot retail building.; NNN lease, single tenant, 100% occupancy, one year remaining lease term.
    (561) 833-1661
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    12010 Us Hwy North Palm Beach, FL 33408
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    Realmo Value Estimation

    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.

    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.

    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
    12010 Us Hwy North Palm Beach, FL 33408
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