Property profile

0 Northlake Blvd West Palm Beach, FL 33412

OFF-MARKET
Land
2.01 ac lot
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Property summary

AI-generated overview

This exceptional 2.01-acre commercial land parcel in West Palm Beach, Florida (APN: 00-41-42-18-00-000-5880, Zip Code: 33412) is offered at $875,000 ($314,748/acre). Currently operating as a wholesale nursery, the property boasts existing utilities including a well and electricity. The zoning allows for a landscape wholesale business, with ample space for equipment and truck storage. The current setup features a 70% allocation for nursery operations and 30% for landscape services, including storage for vehicles and equipment. This adaptable property presents a unique opportunity for continued operation as a wholesale nursery or conversion to a retail operation. The seller is open to including the existing tree inventory in the sale. The land is assessed at $142,614, with no improvements assessment. This property is located on Northlake Blvd in Palm Beach County and presents a compelling investment opportunity in a thriving Florida market. The property's location offers excellent access to major transportation routes and is situated within a dynamic commercial area. This is a rare opportunity to acquire a well-established commercial property with significant potential for growth and expansion.

Property profile

Verified
Property type Land
Lot 2.01 ac (87,556 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Northlake Blvd West Palm Beach, FL 33412
West Palm Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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