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    8851 Glades Rd Boca Raton, FL 33434

    For Sale
    $10,000,000

    High-yield warehouse, strong tenant.

    Property size:
    3,966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Boca Raton warehouse, located at 8851 Glades Road, presents a compelling investment opportunity. The property boasts 3,966 square feet and sits on a lot with unspecified square footage. Constructed in 1989, this single-unit industrial building is currently leased to JP Morgan Chase, providing a stable income stream. The lease agreement has nine years remaining, featuring a favorable 3% annual rent increase. This translates to a strong 4% capitalization rate, with a net operating income (NOI) of $300,580. The asking price for this prime Boca Raton warehouse is $10,000,000. Situated in Palm Beach County, Florida, with a zip code of 33434, this property offers excellent access to major transportation routes and a thriving business community. The property's location provides easy access to Boca Raton's amenities and infrastructure. This is a rare opportunity to acquire a high-performing industrial asset with a long-term, secure lease in a desirable location. The property's strong tenant and lease terms make it an attractive investment for both seasoned and new investors seeking stable returns. The details provided represent a compelling investment case for those seeking a secure and profitable addition to their portfolio. Further due diligence is recommended.

    Property Features for 8851 Glades Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    3,966 SF

    Building Details

    Year Built
    1989
    Units
    1

    HighLights

    • $10,000,000 asking price.
    • 3,966 square foot warehouse in Boca Raton, Florida.
    • Located at 8851 Glades Road, Boca Raton, FL 33434.
    • 1989 construction.
    • Industrial property with a 4% capitalization rate.
    • Net Operating Income (NOI) of $300,580.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank Chase Mortgage Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.186068
    Latitude
    26.3683463

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, strong tenant.
    Where is this distribution property located?
    The property is located at 8851 Glades Rd Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: $10,000,000 asking price.; 3,966 square foot warehouse in Boca Raton, Florida.; Located at 8851 Glades Road, Boca Raton, FL 33434.
    Request Owner's contact information
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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
    8851 Glades Rd Boca Raton, FL 33434
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