12900 Okeechobee Blvd Loxahatchee, FL 33470-4960
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CL · Loxahatchee, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.