1720 East Tiffany Dr West Palm Beach, FL 33407
Property profile & analytics
1720 East Tiffany Dr, West Palm Beach, FL 33407
- Office buildings
- 19,344 SF
- 1.12 lot acres
Property ID
US19-0712098
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1720 East Tiffany Dr
- Year built
- 1989
- Construction
- CONCRETE
- Lot size
- 1.12 lot acres
- Zone code
- PCC
- Property type
- Office buildings
- APN
- 44-43-43-05-23-000-0100
- APU
- 44434305230000100
Description
This exceptional 19,344-square-foot office building in West Palm Beach, Florida, presents a compelling investment opportunity for both owner-users and value-add investors. Located at 1720 E Tiffany Drive, this two-story building boasts a prime location, just blocks from I-95, between Congress Avenue and Australian Avenue, and conveniently close to JFK Medical Center and St. Mary's Medical Center. Built in 1989 and extensively renovated in 2023, the property features a 100% occupancy rate with existing tenants, offering immediate income potential. The building's amenities include ample parking (3.6 spaces per 1,000 sq ft), well-maintained common areas, and office spaces with abundant natural light and direct elevator access. The 1.12-acre lot is zoned PCC. The asking price is $4,500,000, representing a compelling $232.63 per square foot and an attractive 8.55% cap rate. This fully occupied property offers the flexibility for an owner-user to occupy space currently leased, while also providing a strong foundation for value-add investors seeking to capitalize on the existing income stream and potentially increase rental revenue. The property's strategic location within West Palm Beach, a thriving market with a favorable business environment, provides access to a highly desirable demographic and excellent amenities. The building's proximity to major highways and airports further enhances its appeal. This is a rare opportunity to acquire a high-quality, well-maintained office building in a sought-after location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,105,000
- ML approach
- $2,195,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,185,000
- AI Estimate
- $1,984,000
Market price range: $4.19M - $8.85MMarket price range: $1.37M - $5.37M
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Location Insight
- Map
- Local Demand
- City
- Mangonia Park
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0824
- Latitude
- 26.7546
- 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
$43,622
$540,940
$1,422,164
$1,963,104
-
$540,940
$1,422,164
$1,963,104
