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    OFF-MARKET
    Distribution centers

    1620 Ave, Riviera Beach, FL 33404

    Entity Owned 8-yr Hold
    Property ID
    US18-2007302
    Property summary
    AI-generated overview

    This exceptional 4,146 square foot warehouse in Riviera Beach, Florida (33404), presents a compelling investment opportunity. Located at 1620 Avenue E, this single-tenant property boasts a strong, consistent income stream. The building, zoned CG, features five individual units currently leased to small churches, with a waiting list indicating high demand. Recent extensive renovations have significantly enhanced the property's value and appeal. Improvements include a brand new roof, a central HVAC system, updated interior tile, a refreshed exterior facade, and hurricane-resistant accordion security shutters. The property's Net Operating Income (NOI) is a robust $52,780, representing a 6% capitalization rate. The current owner is a licensed broker and is willing to continue managing and leasing the property for the new buyer, ensuring a seamless transition. The property's APN is 56434233040060130. This is a turnkey investment ready for immediate income generation. Full-price offers only are being considered. This is a rare opportunity to acquire a well-maintained, high-demand commercial property in a growth area. Don't miss out on this exceptional investment.

    Property profile
    Verified
    Property type Distribution centers
    UPID US18-2007302
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Macaw Holdings III LLC · 8 yrs held
    Macaw Holdings III LLC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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