100 Civic Ctr Way Royal Palm Beach, FL 33411
This 1.22-acre vacant commercial lot presents a prime development opportunity in Royal Palm Beach, Florida. Strategically positioned at the corner of Okeechobee Boulevard and Royal Palm Beach Boulevard, this property boasts exceptional visibility and accessibility. The site shares a plaza with an established medical building occupied by Cano Health and a new Starbucks under construction, ensuring a thriving commercial environment. A current site plan details a 3,750 square foot bank, and active efforts are underway to amend the plan for a larger 6,000 square foot medical office building. The property is zoned CG - General Commercial, offering flexibility for various development options. Okeechobee Boulevard experiences high traffic volume, exceeding 40,000 vehicles daily in 2022, guaranteeing significant exposure for any future development. The location benefits from a strong demographic profile, with a median income of $93,100 and a population of 38,800 within a short radius. The property is located at 100 Civic Center Way, Royal Palm Beach, FL 33411, and is approximately 20 minutes from Palm Beach International Airport. This exceptional location and zoning make this a rare opportunity for investors seeking high-return commercial development in a rapidly growing area. The asking price is $1,400,000. The property was built in 2009.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Royal Palm Beach, FLRoyal Palm Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.