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    3347 State 7 Rd Wellington, FL 33449
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    3347 State 7 Rd, Wellington, FL 33449

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    • Office Spaces
    • 9,048 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3347 State 7 Rd

    Year built
    2007
    Property type
    Office Spaces

    Description

    This exceptional 9,048 square foot office building, constructed in 2007, presents a unique investment opportunity in the desirable Wellington, Florida market. Located at 3347 S State 7 Road, this single-unit property boasts a prime location within the state-of-the-art Palomino Park. The building's design is ideally suited for a variety of professional uses, particularly medical practices, given its previous configuration as exclusive medical space. The property sits on a lot with no recorded square footage. The asking price for this turnkey office building is $5,400,000. This represents a significant opportunity to acquire a well-maintained, modern office space in a thriving community. The building's strategic location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile presence in Wellington. The property's single-unit structure provides efficiency and ease of management, while its substantial square footage allows for ample space to accommodate a growing business or multiple tenants. Serious inquiries are encouraged to explore this compelling investment prospect further. The property is located in Palm Beach County, Florida, with a zip code of 33449.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2063
    Latitude
    26.6286

    Comparable in this City

    • Value Estimation by Request
      60,000 SF

      3319 State Road 7

      Office Spaces
      3319 State Road 7, Wellington, FL 33449
      View Details
    • Value Estimation by Request
      42,750 SF

      5500 State Road 7

      Office Spaces
      5500 State Road 7, Wellington, FL 33449
      View Details
    • Value Estimation
      $1,530,000
      9,754 SF

      3343 State Rd 7th 7

      MEDICAL BUILDING
      3343 State Rd 7th 7, Wellington, FL 33449-8082
      View Details
    • Value Estimation
      $1,610,000
      3,545 SF

      5614 State Rd 7th 7

      OFFICE BUILDING (MULTI-STORY)
      5614 State Rd 7th 7, Lake Worth, FL 33449-5414
      View Details
    • Value Estimation
      $2,065,000
      4,678 SF

      6501 State Rd 7th 7

      OFFICE BUILDING (MULTI-STORY)
      6501 State Rd 7th 7, Lake Worth, FL 33449-5302
      View Details
    • Value Estimation by Request
      2,000 SF

      6075 State Rd 7th 7

      RADIO OR TV STATION
      6075 State Rd 7th 7, Lake Worth, FL 33449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,048 SF

      Palomino Park Medical Space

      9100 Sq Ft exclusive medical space in Wellington, Florida.
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    • New
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      13.36 Acres

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      5281 Laredo Way, Wellington, FL 33449
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    • $9,950,000

      Commercial Land For Sale

      Commercial land available west of State Road 7.
      10101 W Lantana Rd, Lake Worth, FL 33449
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      Equestrian Estate Near WEF

      Newly constructed equestrian facility with stalls and elegant living options.
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      Wellington Land Near Equestrian Festivals

      5.2 acres of build-ready land near equestrian venues.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Growing Area

      Retail space in Lake Worth, a vibrant and growing community.
      5940 S State Road 7, Lake Worth, FL 33449
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Walmart-Anchored Center

      Retail space with high visibility in Lake Worth, Florida.
      4075-4115 S State Road 7, Lake Worth, FL 33449
      View Details
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    3347 State 7 Rd
    Wellington, FL 33449
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    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
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