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    13401 Northlake Blvd West Palm Beach, FL 33412
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    Property profile & analytics

    13401 Northlake Blvd, West Palm Beach, FL 33412

    View on Map
    • Commercial real estate
    • 8.21 lot acres
    Off-Market
    Property ID
    US18-5528506
    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

    • Commercial real estate

    Property Details for 13401 Northlake Blvd

    Lot size
    8.21 lot acres
    Property type
    Commercial real estate
    APN
    52-41-42-16-00-000-5020

    Description

    This exceptional 8.21-acre property in West Palm Beach, Florida, presents a unique land development opportunity. Located at 13401 Northlake Blvd, (APN 52-41-42-16-00-000-5020), this fee simple land boasts a prime location directly adjacent to the expansive 4,800-acre Avenir development. Currently zoned AR (Agricultural Residential), the property offers significant potential for rezoning to accommodate multi-family residential or commercial projects. The site benefits from a right-of-way easement to Northlake Blvd, ensuring convenient access. While a portion of the land includes wetlands, the majority is situated outside the flood zone (Zone X), as confirmed by available data. Prospective buyers are encouraged to conduct their own due diligence to fully assess the property's development potential and environmental considerations. The asking price for this remarkable development opportunity is $3,940,000. This represents a compelling investment in a rapidly growing area of West Palm Beach, offering substantial returns for the right developer. The property's strategic location and size make it an ideal candidate for a variety of projects, catering to the increasing demand for residential and commercial spaces in this thriving market. Detailed surveys and environmental reports are available upon request.

    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
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2520502
    Latitude
    26.81658

    Comparable in this City

    • $3,940,000
      Pending

      Land Parcel in West Palm Beach

      Land available in West Palm Beach, Florida.
      13401 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • $330,000
      1.13 Acres

      Vacant Lot in The Acreage

      1.13-acre vacant lot in The Acreage community.
      Orange Blvd, West Palm Beach, FL 33412
      View Details
    • $255,000
      Pending

      Acreage Lot in Developing Area

      1.16 acre lot in The Acreage, build your dream home.
      61St Ln, West Palm Beach, FL 33412
      View Details
    • $275,000
      1.15 Acres

      Loxahatchee Vacant Lot Opportunity

      Expansive vacant lot in a tranquil, spacious Loxahatchee neighborhood.
      86th 86Th Rd N, Loxahatchee, FL 33412
      View Details
    • $350,000
      1.48 Acres

      West Palm Beach Acreage Lot

      1.48-acre lot ready to build your dream home.
      15743 99Th St N, West Palm Beach, FL 33412
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in West Palm Beach, Florida.
      Northlake Blvd, West Palm Beach, FL 33412
      View Details

    Similar Nearby for Sale

    • $3,940,000
      Pending

      Land Parcel in West Palm Beach

      Land available in West Palm Beach, Florida.
      13401 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • $330,000
      1.13 Acres

      Vacant Lot in The Acreage

      1.13-acre vacant lot in The Acreage community.
      Orange Blvd, West Palm Beach, FL 33412
      View Details
    • $255,000
      Pending

      Acreage Lot in Developing Area

      1.16 acre lot in The Acreage, build your dream home.
      61St Ln, West Palm Beach, FL 33412
      View Details
    • $275,000
      1.15 Acres

      Loxahatchee Vacant Lot Opportunity

      Expansive vacant lot in a tranquil, spacious Loxahatchee neighborhood.
      86th 86Th Rd N, Loxahatchee, FL 33412
      View Details
    • $350,000
      1.48 Acres

      West Palm Beach Acreage Lot

      1.48-acre lot ready to build your dream home.
      15743 99Th St N, West Palm Beach, FL 33412
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in West Palm Beach, Florida.
      Northlake Blvd, West Palm Beach, FL 33412
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pads For Lease

      Two high-profile retail pads available for lease.
      Sec Northlake Blvd & Coconut Blvd, Palm Beach Gardens, FL 33412
      View Details
    • Contact for pricing
      4,260 SF

      Retail Space in West Palm

      Retail, restaurant, and office spaces available near affluent neighborhoods.
      12650 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing

      Retail Pads For Lease

      Retail pads available for lease in Palm Beach Gardens, FL.
      Palm Bch, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      1,400 SF

      Restaurant End Cap with Patio

      Second-generation restaurant space with patio in Publix-anchored center.
      10130 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      14,942 SF

      Retail Space in West Palm

      Retail, restaurant, and office spaces available near affluent neighborhoods.
      12800 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      13,575 SF

      Retail, Restaurant, Office Space Available

      First generation retail, restaurant, and office space for lease.
      12500 Northlake Blvd, West Palm Beach, FL 33412
      View Details
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    West Palm Beach, FL 33412
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    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
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    13401 Northlake Blvd, West Palm Beach, FL, 33412
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