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    5900 Broadway West Palm Beach, FL 33407

    • Office buildings
    • 4,158 SF
    • 0.48 lot acres
    For Sale
    View listing
    $2,150,000
    Value Estimation
    Last Sale
    Nov 20, 2023
    $1,700,000
    Location Intelligence
    Property ID
    US18-1743913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • International Bankers Mortgage / Mortgage Lender
    • Interstate Movers Palm beach county / Mover

    Property Details for 5900 Broadway

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    4,158 SF
    Zone code
    BMUD- II
    Property type
    Office buildings
    APN
    74-43-43-04-03-000-0170
    APU
    74434304030000170

    Description

    This exceptional 4,158-square-foot mixed-use property at 5900 Broadway, West Palm Beach, FL 33407, presents a unique redevelopment opportunity. Currently vacant, this single-story, 1962-built building sits on a lot with 30 parking spaces and boasts over 200 feet of frontage on US Highway 1, providing easy access to both Downtown West Palm Beach and North Palm Beach. Zoned BMUD-II, the property is ideally positioned to benefit from recent (June 2024) changes to Land Development Regulations, allowing for retail, professional offices, and the potential for over 30 residential units. This aligns perfectly with the City of West Palm Beach's initiative to revitalize the Broadway Corridor into a vibrant mixed-use community. The property's strategic location and the City's support through the CRA create a compelling investment opportunity for developers and businesses seeking to contribute to a thriving, dynamic community. The asking price is $2,150,000. The property features one building on a lot with a size not specified in the provided information.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,825,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,615,000
      6.5%
      $1,935,000
      7%
      $1,940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,815,000
      Geo Method
      $1,955,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,810,000
      Retail
      $1,805,000
      Mixed-Use
      $2,100,000
      Hospitality
      $1,855,000
      Educational
      $2,165,000
      Residential Income
      $1,580,000
      Energy
      $2,035,000
      Income-Based Land
      $1,900,000
      Food Service
      $1,955,000

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0549
    Latitude
    26.7627
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,019
    $210,620
    $98,641
    $309,261
    -
    $210,620
    $98,641
    $309,261

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    5900 Broadway
    West Palm Beach, FL 33407
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    Realmo Value Estimation

    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.

    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.

    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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