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    11211 Prosperity Farms Rd Ste A103 Palm Beach Gardens, FL 33410-3453
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    Property profile & analytics

    11211 Prosperity Farms Rd Ste A103, Palm Beach Gardens, FL 33410-3453

    View on Map
    • Office buildings
    • 1,328 SF
    Off-Market
    Last Sale Jan 12, 2026
    $625,000
    Property ID
    US18-5102214
    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.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11211 Prosperity Farms Rd Ste A103

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Property type
    Office buildings
    APN
    52-43-42-05-14-000-1030
    APU
    52434205140001030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $760,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $620,000
      Market price range: $282k - $654k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $465,000
      Current use
      MEDICAL BUILDING
      $720,000
      Change: +54% Conversion: Easy
      AUTO REPAIR, GARAGE
      $685,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $550,000
      Change: +18% Conversion: Moderate
      WAREHOUSE, STORAGE
      $530,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $515,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0732
    Latitude
    26.8404
    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
    $6,895
    $0.00
    $467,802
    $467,802
    -
    $0.00
    $467,802
    $467,802

    Comparable in this City

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      2,234 SF

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      OFFICE BUILDING (MULTI-STORY)
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    • Value Estimation
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      47,066 SF

      4600 Riverside Dr

      OFFICE BUILDING (MULTI-STORY)
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    • Value Estimation
      $2,740,000
      9,960 SF

      8371 Military Trl

      OFFICE BUILDING (MULTI-STORY)
      8371 Military Trl, West Palm Beach, FL 33410-6300
      View Details
    • Value Estimation
      $46,580,000
      104,400 SF

      3910 Rca Blvd Ste, Unit 1001

      OFFICE BUILDING (MULTI-STORY)
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      View Details
    • Value Estimation by Request

      11211 Prosperity Farms Rd Ste B203

      OFFICE BUILDING
      11211 Prosperity Farms Rd Ste B203, Palm Beach Gardens, FL 33410-3401
      View Details
    • Value Estimation
      $1,465,000
      5,678 SF

      4361 Northlake Blvd

      OFFICE BUILDING (MULTI-STORY)
      4361 Northlake Blvd, Palm Beach Gardens, FL 33410-6253
      View Details

    Similar Nearby for Sale

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      Palm Beach Gardens Office Space

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    • New
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      Soverel Harbour Marina Boat Slip

      Deeded boat slip in Palm Beach Gardens marina.
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    • New
      $549,000
      0.16 Acres

      North Palm Beach Buildable Lot

      Gated community lot for single-family home in coastal community.
      1101 Prosperity Vlg Dr, North Palm Beach, FL 33410
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    • New
      $2,599,000
      0.43 Acres

      Waterfront Land in Palm Beach Gardens

      Rare waterfront property with boating access and sunset views.
      12831 Inshore Dr, Palm Beach Gardens, FL 33410
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      0.56 Acres

      Intracoastal Lot with Approved Plans

      0.56-acre Intracoastal lot with plans and permits.
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    Similar Nearby for Lease

    • Contact for pricing

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      Ten-story office building with excellent access and fantastic amenities.
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      10,207 SF

      Premier Office Space Available

      Class A office space with high-end amenities and convenient access.
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      Class A Office Building

      Boutique office building in Palm Beach Gardens, Florida.
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      Palm Beach Gardens Class A Office

      Class A office space for lease in Palm Beach Gardens.
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      Two-Story Office Project For Rent

      Two-story office project featuring excellent parking and building signage.
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      Professional Office Space For Rent

      Elegant office space with top security and ample parking.
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      View Details
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    Palm Beach Gardens, FL 33410-3453
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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.

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    11211 Prosperity Farms Rd Ste A103, Palm Beach Gardens, FL, 33410
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