11700 Okeechobee Blvd, Royal Palm Beach, FL 33411-8721
- Medical Office Space
- 22,720 SF
- 1.22 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 11700 Okeechobee Blvd
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 1.22 lot acres
- Zone code
- CG
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 72-41-43-26-28-001-0000
- APU
- 72414326280010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 12, 2020 | $4,900,000 | 11700 Okeechobee Blvd LLC | Village Center Management LLC | Warranty Deed | — |
| Apr 5, 2019 | $3,800,000 | Village Center Management LLC | Pina Residential LLC | Warranty Deed | $2.8M · Pina Residential LLC |
| Dec 12, 2017 | $2,400,000 | Pina Residential LLC | Village Center Of Royal Palm Bch | Warranty Deed | — |
Description
This exceptional two-story Class B office building, constructed in 2009, boasts 22,720 square feet of space situated on a 1.21-acre lot at the high-traffic intersection of Okeechobee Boulevard and Royal Palm Beach Boulevard in Royal Palm Beach, Florida (zip code 33411). The property features multiple suites, with available spaces ranging from 1,966 to 10,917 contiguous square feet on the second floor. The building includes an elevator and is zoned CG. The first floor is currently occupied by established medical practices, providing excellent synergy and high visibility for potential tenants. This versatile space is ideal for a variety of uses, including traditional office, coworking, executive office, medical office, and creative office settings. The building's location offers easy access to major roadways and ample parking. The property's APN is 72414326280010000. This is a rare opportunity to secure high-quality office space in a thriving location. The minimum divisible space is 1,966 square feet.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,965,000
- ML approach
- $7,030,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,990,000
- 6.5%
- $4,605,000
- 7%
- $4,275,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,438,000
Market price range: $6.04M - $13.9M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $8,955,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,975,000 Change: +0% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $7,990,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Royal Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.2298
- Latitude
- 26.7056
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
