Property profile

138 Professional Way Wellington, FL 33414

OFF-MARKET
Office buildings
Property ID
US18-1897786
3,600 SF 0.63 ac lot Built 2017
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2017
Construction WOOD
Total area 3,600 SF
Lot 0.63 ac (27,482 SF)
Zoning code PUD
APN 73-41-43-31-07-000-0140
UPID US18-1897786

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

138 Professional Way Wellington, FL 33414-6391
Wellington metro Census 7721 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.07M

Owner & transaction history

since 2016
5 recorded transactions
2017
Price N/A
2016
Price N/A
2016
$115,000
2005
$450,000
2004
$385,000

Zoning & alternative use

PUD · Wellington, FL
Zoning description

The PUD district is established to offer a residential development alternative that provides greater flexibility and encourages more design creativity than may be available under conventional development approaches. The…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Retail stores $1.5M +17.3%
Warehouse, storage $1.4M +12.4%
Commercial (general) $1.4M +9.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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