Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5608 Pga Blvd Palm Beach Gardens, FL 33418

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5608 Pga Blvd Palm Beach Gardens, FL 33418

    View on Map
    • Office properties & Spaces
    • 4,250 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5608 Pga Blvd

    Year built
    1985
    Property size
    4,250 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 4,250 square foot medical office building is located at 5608 PGA Boulevard in Palm Beach Gardens, Florida, 33418. The property, built in 1985, offers a unique opportunity with multiple tenancy options. The entire building is available, totaling 4,250 square feet, and is zoned CN. A significant advantage is its high-visibility location, boasting a daily traffic count of 42,500 vehicles. The building comprises one structure situated on a 0 square foot lot. The first floor features a fully built-out, 2,000 square foot turnkey dental office, ready for immediate occupancy. The second floor offers an additional 2,250 square feet, divisible into up to three suites, ideal for various medical or professional uses. Its strategic location provides easy access to both the Florida Turnpike and I-95, ensuring convenient access for patients and staff. The Palm Beach County property (APN: 52424211000003080) presents a rare chance to acquire a well-positioned medical office building in a thriving market. The property's high visibility and convenient location make it an attractive investment for medical professionals seeking a prominent presence in Palm Beach Gardens.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1233
    Latitude
    26.838

    Comparable in this City

    • Value Estimation by Request

      5360 Donald Ross Rd

      Office Units
      5360 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • Value Estimation by Request
      224,000 SF

      7108 Fairway Dr

      Medical Office Space • 224,000 SF
      7108 Fairway Dr, Palm Beach Gardens, FL 33418
      View Details
    • Value Estimation
      $6,405,000
      36,914 SF

      7101 Fairway Dr, Unit 100

      MEDICAL BUILDING • 36,914 SF
      7101 Fairway Dr, Palm Beach Gardens, FL 33418-3701
      View Details
    • Value Estimation
      $2,660,000
      18,487 SF

      4520 Donald Ross Rd Ste, Unit 100

      MEDICAL BUILDING • 18,487 SF
      4520 Donald Ross Rd Ste, Palm Beach Gardens, FL 33418-5105
      View Details
    • Value Estimation by Request
      0.30 Acres

      4650 Donald Ross Rd

      Lifestyle centers • 1,000 SF
      4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • Value Estimation by Request

      4550 Pga Blvd

      Office properties & Spaces
      4550 Pga Blvd, Palm Beach Gardens, FL 33418
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Donald Ross Village

      Land for ground lease or purchase in mixed-use center.
      4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • $1,975,000
      1.03 Acres

      Palm Beach Gardens Acreage

      Acreage in gated community with water view.
      Palm Beach Gardens, FL 33418
      View Details
    • New
      $999,999
      1.80 Acres

      Waterfront Land in Palm Beach

      1.8 acre waterfront homesite in Palm Beach Gardens, Florida.
      15419 N 89Th Ave N, Palm Beach Gardens, FL 33418
      View Details
    • $1,249,000
      5.44 Acres

      Waterfront Land in Caloosa Community

      Expansive lake views and water frontage in equestrian community.
      12770 Sugar Creek Dr, West Palm Beach, FL 33418
      View Details
    • $1,500,000

      Palm Beach Gardens Land For Sale

      Land available in Palm Beach Gardens, Florida.
      6501 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-End Office Park

      224,000 SF office park within PGA National Resort.
      7108 Fairway Dr, Palm Beach Gardens, FL 33418
      View Details
    • $39 SF/Yr

      PGA National Office Park

      High-end office park within PGA National Resort and Spa.
      7108 Fairway Dr, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing
      20,440 SF

      Gardens Innovation Center Office Space

      Premier office space in Palm Beach Gardens corporate park.
      360 Hiatt Dr, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing
      1,100 SF

      Office Space Near PGA National

      Office space for rent near PGA National Golf Course.
      300 Avenue Of Champions, Palm Beach Gardens, FL 33418
      View Details
    • $50 SF/Yr
      2,293 SF

      2nd Generation Restaurant Endcap plus Patio Area

      Retail space
      4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing
      11,299 SF

      New Industrial Warehouse in Gardens

      New Class A warehouse space for lease in Palm Beach.
      358 Hiatt Dr, Palm Beach Gardens, FL 33418
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5608 Pga Blvd
    Palm Beach Gardens, FL 33418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    5608 Pga Blvd, Palm Beach Gardens, FL, 33418

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!