Financial
Distress signals
Property profile

3866 Prospect Ave West Palm Beach, FL 33404

FOR LEASE
Showrooms
Property ID
US18-9428134
23,426 SF 4.39 ac lot Built 1984
Last sale Jun 2024 · $10,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Business Park One, located at 3866 Prospect Ave, West Palm Beach, FL 33404, offers a diverse range of industrial spaces for lease. This multi-tenant property comprises three single-story buildings totaling 54,078 square feet, built in 1984. The property is zoned LI - Light Industrial and features 55 drive-in bays, with units ranging from a minimum of 720 square feet to a maximum contiguous space of 1,200 square feet. Currently, 4,920 square feet of space is available. Each unit boasts

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$52k
Tax billed · 2023
Assessed value$5.95M
Assessed land$1.77M
Assessed improvement$4.18M
Effective rate0.88%

Value estimate

· Sep 2026
$8.44M
$7.59M – $9.28M
CAP approach$5.47M
Sales comparison$9.76M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$227/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$144 – $416
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IL
The industrial light district is designated primarily for areas of light manufacturing, wholesaling, warehousing, assembly or product pro...
General categoryINDUSTRIAL
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon17.5
Dental Office16.2
Restaurant15.6

Location

3866 Prospect Ave West Palm Beach, FL 33404
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8360 Currency, West Palm Beach, FL 33404-1714 $3,500,000 May 2025 16,380 SF
6461 Gdn, Riviera Beach, FL 33404-6397 $9,000,000 Apr 2025 38,979 SF
1700 Ave L, Riviera Beach, FL 33404-5438 $26,585,000 Mar 2025 15,228 SF
2501 Broadway, Riviera Beach, FL 33404-4534 $3,900,000 Jul 2024 16,004 SF
859 13th, Riviera Beach, FL 33404-6700 $2,800,000 Apr 2024 14,170 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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