You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Medical Office Space

11337 Okeechobee Blvd A Royal Palm Beach, FL 33411-8714

4,988 SF 0.36 ac lot Built 1999
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-0345009
Property summary
AI-generated overview

This exceptional 5,000 square foot single-story office building, located at 11337 Okeechobee Blvd in Royal Palm Beach, Florida (zip code 33411), presents a unique opportunity for medical or executive office users. The property is zoned CO-Office Commercial and situated in Palm Beach County, offering excellent visibility and accessibility. The building features two suites, each comprising 2,500 square feet, which can be easily combined to occupy the entire 5,000 square feet. Currently, the entire 5,000 square feet is vacant and ready for immediate occupancy. Each suite boasts a thoughtfully designed layout including a reception area, waiting room, exam rooms (in the medical office spaces), doctors' offices, a kitchenette, and multiple bathrooms. The building benefits from high traffic visibility with approximately 44,000 cars passing daily on Okeechobee Boulevard, and monument signage is available for enhanced branding. This property is ideal for medical practices or executive office users seeking a well-appointed space in a high-traffic location. Minimum divisible space is 2,500 square feet, with a maximum contiguous space of 5,000 square feet.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Construction WOOD
Total area 4,988 SF
Lot 0.36 ac (15,865 SF)
Zoning code CO
APN 72-41-43-23-14-000-0040
UPID US18-0345009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.24M
Owner & transaction history
11337 Okeechobee Blvd Royal Palm Be · 2 yrs held
11337 Okeechobee Blvd Royal Palm Be
since 2023
Last sale
$1.4M
4 recorded transactions
2023
Price N/A
2007
$1.4M
1998
$250,000
1969
Price N/A
Zoning & alternative use
CO · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose and intent of this district is to provide suitable sites for the development of well-planned, environmentally compatible office buildings in attractive open-space settings in centralized locations consistent with the village's comprehensive land use plan, as adopted and amended from time to time.

Zone name Office Commercial District
General category COMMERCIAL
Zone area 73.46 ac
Source Realmo
Top alternative use upside
Retail stores $2.0M +1.2%
Neighborhood: shopping center $2.0M +0.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11337 Okeechobee Blvd, Unit A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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