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Property profile & analytics
OFF-MARKET Estimated value $710,000
Commercial land

12900 Okeechobee Blvd Loxahatchee, FL 33470-4960

2,715 SF 9.17 ac lot Built 1976
Entity Owned 7-yr Hold Free & Clear
Property ID
US18-1858443
Property summary
AI-generated overview

This exceptional 30,000-square-foot office building presents a unique investment opportunity in Loxahatchee Groves, Florida. Located at 12900 Okeechobee Boulevard, this single-tenant property boasts a highly desirable location within Palm Beach County, benefiting from proximity to thriving western communities like Royal Palm Beach, Westlake, and Wellington. The property features a 700-square-foot frontage on Okeechobee Boulevard. Importantly, the site plan has already received approval from the Town of Loxahatchee Groves, securing the necessary commercial zoning (0101 commercial) for a mixed-use development. The approved plans encompass 30,000 square feet and allow for a diverse range of uses, including a restaurant, a drive-through restaurant or doughnut shop, and office buildings. Detailed site plan drawings are complete, eliminating significant pre-construction hurdles. This turnkey project is ideal for investors seeking a swift and efficient path to development, eliminating lengthy permitting processes. The property's APN is 41414317016330010. This is a rare chance to acquire a fully approved commercial site in a rapidly growing area. The property is zoned for commercial use and ready for immediate construction. Don't miss this opportunity to capitalize on the burgeoning western Palm Beach County market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1976
Total area 2,715 SF
Lot 9.17 ac (399,589 SF)
Zoning code CL
APN 41-41-43-27-20-001-0000
UPID US18-1858443
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
$495k
CAP Approach CAP
$720k
Comparable Approach Comparable
$918k
Blend (final) Blend
$710k
Owner & transaction history
Loxahatchee Commercial Dev INC · 7 yrs held
Loxahatchee Commercial Dev INC
since 2019
6 recorded transactions
2019
$1.7M
2017
Price N/A
2002
$382,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CL · Loxahatchee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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