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

    3600 Forest Hill Blvd Palm Springs, FL 33406

    • Office Properties & Spaces
    • 9,641 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3600 Forest Hill Blvd

    Year built
    2003
    Property size
    9,641 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    The Palmway Professional Center, located at 3600 Forest Hill Boulevard in Palm Springs, Florida, offers a prime opportunity for businesses seeking office space in Palm Beach County. This well-maintained Class B office complex totals 9,641 square feet and comprises two buildings. Currently, 1,895 square feet of space is available for lease. Built in 2003, the property features concrete construction and impact glass throughout, ensuring durability and safety. The buildings boast separate tenant entrances, eliminating shared common areas, and providing enhanced privacy. Situated on a 1.28-acre lot, the property benefits from excellent visibility and signage opportunities due to its direct frontage on Forest Hill Boulevard. The property is zoned CG and its APN is 70-43-44-07-07-001-0010. The property is categorized as both Medical Office and Traditional Office space, making it suitable for a variety of professional uses. This West Palm Beach submarket location offers convenient access to major roadways and amenities. The property's excellent condition and desirable features make it an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0969
    Latitude
    26.651

    Comparable in this City

    • Value Estimation by Request

      Palm Spg

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    • Value Estimation by Request
      9,641 SF

      3600 Forest Hill Blvd

      Medical offices • 9,641 SF
      3600 Forest Hill Blvd, Palm Springs, FL 33406
      View Details
    • Value Estimation
      $1,270,000
      5,880 SF

      1441 Frst Hl Blvd Ste, Unit 100

      MEDICAL BUILDING • 5,880 SF
      1441 Frst Hl Blvd Ste, Lake Clarke Shores, FL 33406-6095
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    • Value Estimation
      $1,195,000
      6,216 SF

      1490 Frst Hl Blvd

      MEDICAL BUILDING • 6,216 SF
      1490 Frst Hl Blvd, Lake Clarke Shores, FL 33406-6014
      View Details
    • Value Estimation
      $1,765,000
      10,804 SF

      1497 Frst Hl Blvd Ste A

      MEDICAL BUILDING • 10,804 SF
      1497 Frst Hl Blvd Ste A, Lake Clarke Shores, FL 33406-6052
      View Details
    • Value Estimation
      $835,000
      4,546 SF

      3400 Frst Hl Blvd

      MEDICAL BUILDING • 4,546 SF
      3400 Frst Hl Blvd, Palm Springs, FL 33406-5815
      View Details

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    3600 Forest Hill Blvd
    Palm Springs, FL 33406
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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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