Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11380 Prosperity Farms Rd Ste, Unit 212 Palm Beach Gardens, FL 33410-3477
    Back to Search
    Property profile & analytics

    11380 Prosperity Farms Rd Ste, Unit 212, Palm Beach Gardens, FL 33410-3477

    View on Map
    • Office buildings
    • 1,920 SF
    Off-Market
    Last Sale Sep 29, 2022
    $565,000
    Property ID
    US18-4349355
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 11380 Prosperity Farms Rd Ste

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Property type
    Office buildings
    APN
    52-43-42-05-18-003-2120
    APU
    52434205180032120

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2022 $565,000 Capstone Real Estate 11380 LLC Darling Family LLC Warranty Deed $480k · First Citizens Bank & Trust Co
    Nov 21, 2006 — Darling Family LLP Darling,patrick E Quit Claim Deed · related —
    — — Patrick E Darling — Deed Of Trust · related $250k · Bankatlantic Fsb
    — — Darling Family LLC — Deed Of Trust · related $215k · Robert J & Karen J Savard

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0715
    Latitude
    26.8418
    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
    $9,238
    $0.00
    $485,761
    $485,761
    -
    $0.00
    $485,761
    $485,761

    Comparable in this City

    • Value Estimation
      $46,580,000
      104,400 SF

      3910 Rca Blvd Ste, Unit 1001

      OFFICE BUILDING (MULTI-STORY)
      3910 Rca Blvd Ste, Palm Beach Gardens, FL 33410-4284
      View Details
    • Value Estimation
      $900,000
      2,234 SF

      2221 Monet Rd

      OFFICE BUILDING (MULTI-STORY)
      2221 Monet Rd, West Palm Beach, FL 33410-3448
      View Details
    • Value Estimation
      $10,775,000
      47,066 SF

      4600 Riverside Dr

      OFFICE BUILDING (MULTI-STORY)
      4600 Riverside Dr, Palm Beach Gardens, FL 33410-4335
      View Details
    • 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 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

    • $705,000

      Palm Beach Gardens Office Suite

      Traditional office suite in affluent Palm Beach Gardens community.
      2560 Rca Blvd, Palm Beach Gardens, FL 33410
      View Details
    • $491,260
      1,276 SF

      Palm Beach Gardens Office Space

      Prime Office, Canal Views, $491,260
      10625 Military Trl, Palm Beach Gardens, FL 33410
      View Details
    • Contact for pricing

      Prime Land in Palm Beach

      Land suitable for multi-family development near shopping plaza.
      9840 Alt, Palm Beach Gardens, FL 33410
      View Details
    • $395,000
      1,152 SF

      Palm Beach Gardens Villa

      Impeccably maintained villa with open floor plan and screened patio.
      701 Silverleaf Oak Ct, Palm Beach Gardens, FL 33410
      View Details
    • $260,000
      0.02 Acres

      Soverel Harbour Marina Boat Slip

      Deeded boat slip in Palm Beach Gardens marina.
      2385 Pga Blvd, Palm Beach Gardens, FL 33410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building in Gardens

      Ten-story office building with excellent access and fantastic amenities.
      4400 Pga Blvd, Palm Beach Gardens, FL 33410
      View Details
    • Contact for pricing
      10,207 SF

      Premier Office Space Available

      Class A office space with high-end amenities and convenient access.
      3801 Pga Blvd, Palm Beach Gardens, FL 33410
      View Details
    • Contact for pricing

      Class A Office Building

      Boutique office building in Palm Beach Gardens, Florida.
      3507 Kyoto Gardens Dr, Palm Beach Gardens, FL 33410
      View Details
    • Contact for pricing
      5,040 SF

      Palm Beach Gardens Class A Office

      Class A office space for lease in Palm Beach Gardens.
      4440 Pga Blvd, Palm Beach Gardens, FL 33410
      View Details
    • Contact for pricing

      Two-Story Office Project For Rent

      Two-story office project featuring excellent parking and building signage.
      11621 Kew Gardens Ave, Palm Beach Gardens, FL 33410
      View Details
    • $39 SF/Yr
      2,773 SF

      Palm Beach Gardens Office Space

      Office space available for lease in Palm Beach Gardens, FL.
      3001 Pga Blvd, Palm Beach Gardens, FL 33410
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11380 Prosperity Farms Rd Ste, Unit 212
    Palm Beach Gardens, FL 33410-3477
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11380 Prosperity Farms Rd Ste, Palm Beach Gardens, FL, 33410
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!