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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15188 Park Of Commerce Blvd Jupiter, FL 33478

    • Industrial properties
    • 46,644 SF
    • 3.59 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Aug 30, 2021
    $6,750,000
    Value Estimations
    $9,910,000
    Cap Rate Potential
    7.7%
    Industrial properties
    Location Intelligence
    Property ID
    US18-5433095
    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.

    Current Use by Public Records

    • Simple Life Medical / Production Facility
    • Advanced Communications Technology LLC / General Contractor
    • International Corporate Center II / Business Service Center / Corporate Office
    • Niles South Studio / Film Production
    • Miesner Electric Co / Electric Utility Company

    Property Details for 15188 Park Of Commerce Blvd

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    3.59 lot acres
    Property size
    46,644 SF
    Zone code
    PIPD
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    00-41-41-17-07-000-0030
    APU
    414117070000030

    Description

    This exceptional Class A industrial property, International Corporate Center II, offers 4,158 square feet of immediately available space within a larger 46,644 square foot building. Located at 15188 Park of Commerce Blvd, Jupiter, FL 33478, this single-story structure boasts a 21-foot ceiling height, ideal for various industrial uses. The property is zoned PIPD (Planned Industrial Park Development) and features one drive-in door, providing convenient access for loading and unloading. The unit is part of a multi-tenant building with a total of eight suites. Situated in the Jupiter submarket of Palm Beach County, this location offers easy access to major thoroughfares including Beeline Highway, 45th Street, Northlake Boulevard, PGA Boulevard, and Indiantown Road. The property benefits from a prime East frontage and is equipped with 3-phase power. The minimum divisible space is 4,158 square feet, and the maximum contiguous space available is also 4,158 square feet. Built in 2008, this property presents a modern and efficient workspace in a quiet corporate park setting. The property's APN is 00-41-41-17-07-000-0030. This space is perfect for manufacturing, flex, warehouse, distribution, or R&D operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,505,000
      ML approach
      $9,670,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,410,000
      6.5%
      $12,380,000
      7%
      $11,495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,399,000
      Market price range: $10.5M - $28.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,935,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jupiter
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2736
    Latitude
    26.9014
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $113,125
    $1,117,023
    $4,626,164
    $5,743,187
    -
    $1,117,023
    $4,626,164
    $5,743,187

    Comparable in this City

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      15075 Corporate N Rd

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    • Value Estimation
      $19,240,000
      102,310 SF

      15132 Park Of Commerce Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 102,310 SF
      15132 Park Of Commerce Blvd, Jupiter, FL 33478-6438
      View Details
    • Value Estimation
      $5,005,000
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      15852 Mercantile Ct

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      63,500 SF

      16490 Innovation Dr

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    • Value Estimation by Request
      556,364 SF

      15500 Venture Way

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      Palm Beach Industrial Park

      Prime Palm Beach County industrial space.
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      Modern Warehouse Distribution Center

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      Jupiter Warehouse Space Available

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    15188 Park Of Commerce Blvd
    Jupiter, FL 33478
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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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