180 Royal Palm Way Palm Beach, FL 33480
- Office buildings
- 19,500 SF
- 0.46 lot acres
Current Use by Public Records
- Brian & Alexa / Real Estate Agency
- FedEx Drop Box / Postal Service / Courier Service
- First Horizon Bank / Bank / Loan Service
- Zachary Von Gonten: First Horizon Mortgage / Loan Service
- The Agency Palm Beach / Real Estate Agency
Property Details for 180 Royal Palm Way
- Year built
- 1971
- Construction
- CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 19,500 SF
- Zone code
- C-TS
- Property type
- Office buildings
- APN
- 50-43-43-23-05-026-0340
- APU
- 50434323050260340
Description
This exceptional single-tenant office space, located at 180 Royal Palm Way, presents a unique opportunity for businesses seeking a prestigious and functional workspace. The property boasts a total area of 1,761 square feet, thoughtfully designed to include five individual offices, making it ideal for a variety of business configurations. The suite is offered as a turnkey solution, meaning it's ready for immediate occupancy, eliminating the need for extensive renovations or setup. The building itself is a single-suite structure, ensuring privacy and control over the entire space. While the lot size is not specified, the property's address and zoning designation, C-TS(c), indicate a commercially viable location. The property's APN is 50434323050260340. This turnkey office space is perfectly suited for businesses seeking a move-in ready solution in a prime location. The overall building size is 19,500 square feet, though this listing focuses on the available 1,761 square foot suite. This presents a rare opportunity to secure a well-appointed office space without the hassle of extensive preparation. The property is immediately available for lease. Interested parties should inquire promptly to secure this exceptional opportunity. The property is zoned C-TS(c).
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,190,000
- 6.5%
- $8,480,000
- 7%
- $7,875,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,666,000
- AI Estimate
- $4,291,000
Market price range: $4.39M - $12.9MMarket price range: $1.22M - $8.65M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,735,000 Current use
- AUTO REPAIR, GARAGE
- $9,630,000 Change: +25% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $9,170,000 Change: +19% Conversion: Easy
- RETAIL STORES
- $7,775,000 Change: +1% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $7,705,000 Change: -0% Conversion: Difficult
- MEDICAL BUILDING
- $7,685,000 Change: -1% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0362
- Latitude
- 26.7052
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA