Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1141 Royal Palm Blvd Royal Palm Beach, FL 33411

    • Office Properties & Spaces
    For Sale
    View listing
    $421,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1141 Royal Palm Blvd

    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 1141 ROYAL PALM BLVD property presents a unique investment opportunity in Royal Palm Beach, Florida (33411), Palm Beach County. Priced at $421,000, this office building is ideally suited for medical or executive office use, offering a versatile space adaptable to various professional needs. Currently operating as a thriving adult daycare center, the property boasts modern and fully equipped facilities, ready for immediate occupancy. The business enjoys a strong client base of approximately 30 patients, demonstrating consistent demand and profitability. Its strategic location ensures easy accessibility within a community that highly values elder care. The building's operational success, coupled with its prime location and established clientele, makes this a compelling investment prospect with significant return potential. The property's functionality extends beyond its current use, offering flexibility for a variety of office configurations. This turnkey operation minimizes disruption and allows for seamless transition and immediate revenue generation. The property's modern amenities and established reputation contribute to its overall value and attractiveness to potential buyers. This is an exceptional opportunity to acquire a profitable and well-established business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2321
    Latitude
    26.7035

    Comparable in this City

    • Value Estimation by Request
      47,387 SF

      1035 Fl-7

      Medical offices • 47,387 SF
      1035 Fl-7, Wellington, FL 33411
      View Details
    • Value Estimation
      $3,800,000
      17,632 SF

      11905 Southern Blvd

      MEDICAL BUILDING • 17,632 SF
      11905 Southern Blvd, Royal Palm Beach, FL 33411-7662
      View Details
    • Value Estimation
      $4,340,000
      19,463 SF

      100 Business Park Way Ste A

      MEDICAL BUILDING • 19,463 SF
      100 Business Park Way Ste A, Royal Palm Beach, FL 33411-1735
      View Details
    • Value Estimation
      $1,250,000
      6,047 SF

      11476 Okeechobee Blvd

      MEDICAL BUILDING • 6,047 SF
      11476 Okeechobee Blvd, Royal Palm Beach, FL 33411-8715
      View Details
    • Value Estimation
      $860,000
      3,996 SF

      11412 Okeechobee Blvd

      MEDICAL BUILDING • 3,996 SF
      11412 Okeechobee Blvd, Royal Palm Beach, FL 33411-8722
      View Details
    • Value Estimation
      $1,235,000
      4,988 SF

      11337 Okeechobee Blvd, Unit A

      MEDICAL BUILDING • 4,988 SF
      11337 Okeechobee Blvd, Royal Palm Beach, FL 33411-8714
      View Details

    Similar Nearby for Sale

    • $421,000

      Royal Palm Beach Office Building

      Profitable Medical/Executive Office in Florida
      1141 Royal Palm Blvd, Royal Palm Beach, FL 33411
      View Details
    • $435,000
      1,248 SF

      New Commercial Space Near SR7

      Vanilla shell space ideal for office or light industrial use.
      9100 Belvedere Rd, West Palm Beach, FL 33411
      View Details
    • Contact for pricing
      1.36 Acres

      Prime Royal Palm Beach Retail Land

      1.36 Acres, High Traffic, Vacant Lot
      151 State Rd 7, West Palm Beach, FL 33411
      View Details
    • $82,500

      Thriving House Cleaning Business

      Established Palm Beach Cleaning Service - $82,500
      412 Rainbow Spg Ter, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      195,248 SF

      West Palm Beach Shopping Center

      High-Yield Retail Investment, 100% Leased
      0 Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • $9,000,000
      14,588 SF

      West Palm Beach Retail Property

      Retail property available for sale in West Palm Beach, FL.
      8480 Okeechobee Blvd, West Palm Beach, FL 33411
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      47,387 SF

      Wellington Reserve Medical Office Space

      Class A Medical Office Suites in Wellington, FL
      1035 Fl-7, Wellington, FL 33411
      View Details
    • Contact for pricing
      53,368 SF

      Prime Medical Office Space West Palm Beach

      Class A Medical Office Building, 15,142 SF Available
      9701 Belvedere Rd, West Palm Beach, FL 33411
      View Details
    • $1,500,000
      3,864 SF

      Royal Palm Beach Office Building

      Free-standing office building with long-term tenants in place.
      1402 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    • $2,650 /Mo
      1,301 SF

      West Palm Beach Industrial/Office Condo

      Unique 1301 SF condo in industrial park, West Palm Beach.
      1000 Stinson Way, West Palm Beach, FL 33411
      View Details
    • $19 SF/Yr
      7,930 SF

      West Palm Beach Office Space

      Office space for lease in a first-class business park.
      2005 Vista Pkwy, West Palm Beach, FL 33411
      View Details
    • $6,400 /Mo
      1,230 SF

      Royal Palm Beach Boutique Office

      Sophisticated, furnished office suite with private offices and collaboration space.
      9200 Belvedere Rd, West Palm Beach, FL 33411
      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.
    1141 Royal Palm Blvd
    Royal Palm Beach, FL 33411
    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

    Google sign-in failed. Please try again or use another login method.