Property summary
This exceptional 15-acre industrial parcel, located at 375 Kelly Drive in West Palm Beach, Palm Beach County, presents a unique investment opportunity. The property boasts a single-tenant warehouse configuration, zoned IL (Light Industrial), with an APN of 00424327050070230. Its strategic location offers unparalleled access to major transportation arteries, including Route 98 (Southern Boulevard) and the Florida Turnpike. The site is conveniently situated just 5.58 miles from Palm Beach International Airport and 6.6 miles from I-95, ensuring seamless logistics and efficient transportation. The property's unique zoning designation (Property Code Use 4900) permits outside storage, a highly desirable feature for industrial tenants. This advantage, combined with easy ingress and egress, optimizes operational efficiency. The expansive acreage provides ample space for a wide range of vehicles and equipment, including trucks, containers, cars, buses, boats, and heavy wheeled equipment. Located in the highly sought-after West Palm Beach submarket, this property is ideally positioned to attract industrial tenants seeking substantial parking and storage solutions. The price is quoted per acre per month.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Rental Equipment Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IL · West Palm Beach, FLd Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IL in West Palm Beach, FL.
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Find the owner behind the property.
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