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

    20000 Southern Blvd Wellington, FL 33470

    • Showrooms
    • 19,624 SF
    • 75.50 lot acres
    OFF-MARKET
    Value Estimations
    $2,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3008923
    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

    • Showrooms

    Property Details for 20000 Southern Blvd

    Year built
    1955
    Construction
    STEEL FRAME
    Lot size
    75.50 lot acres
    Property size
    19,624 SF
    Zone code
    AR
    Property type
    Showrooms
    APN
    00-40-43-32-00-000-5010
    APU
    404332000005010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,410,000
      Market price range: $3.41M - $13.2M
      AI Estimate
      $1,525,000
      Market price range: $1.53M - $7.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.3682
    Latitude
    26.6828
    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
    $0.00
    $558,671
    $1,245,049
    $1,803,720
    -
    $558,671
    $1,245,049
    $1,803,720

    Comparable in this City

    • Value Estimation
      $9,905,000
      69,300 SF

      32251 Conners Hwy

      SHOW ROOM, WAREHOUSE • 69,300 SF
      32251 Conners Hwy, Loxahatchee, FL 33470
      View Details
    • Value Estimation
      $1,570,000
      4,740 SF

      18033 70th N St

      SHOW ROOM, WAREHOUSE • 4,740 SF
      18033 70th N St, Loxahatchee, FL 33470-2121
      View Details
    • Value Estimation
      $1,035,000
      2,700 SF

      11835 Seminole Pratt Whitney Rd

      SHOW ROOM, WAREHOUSE • 2,700 SF
      11835 Seminole Pratt Whitney Rd, Loxahatchee, FL 33470
      View Details
    • Value Estimation
      $855,000
      6,000 SF

      1535 B Rd

      SHOW ROOM, WAREHOUSE • 6,000 SF
      1535 B Rd, Loxahatchee, FL 33470-4219
      View Details
    • Value Estimation
      $630,000
      4,212 SF

      1586 D Rd

      SHOW ROOM, WAREHOUSE • 4,212 SF
      1586 D Rd, Loxahatchee, FL 33470-4829
      View Details
    • Value Estimation
      $685,000
      4,800 SF

      3700 Hanover Cir

      SHOW ROOM, WAREHOUSE • 4,800 SF
      3700 Hanover Cir, Loxahatchee, FL 33470-2424
      View Details

    Similar Nearby for Sale

    • $9,400,000
      19,624 SF

      Walgreens in Loxahatchee, Florida

      Walgreens with high sales volume and prime location.
      15940 Orange Blvd, Loxahatchee, FL 33470
      View Details
    • $2,100,000
      1.75 Acres

      Loxahatchee Commercial Land

      1.75 Acres, High-Traffic Location
      0 Southern Blvd, Loxahatchee, FL 33470
      View Details
    • $1,500,000

      Prime Loxahatchee Commercial Land

      5 Acres, Okeechobee Blvd Frontage
      14148 Okeechobee Blvd, Loxahatchee, FL 33470
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    • $1,900,000
      1.75 Acres

      Southern Blvd Commercial Land

      1.75 Acres, Prime Location, $1.9M
      0 Southern Blvd, Loxahatchee, FL 33470
      View Details
    • $299,000

      Vacant Land For Sale

      1.13 acres of vacant land available for purchase.
      0000 70Th St N, Loxahatchee, FL 33470
      View Details
    • $3,000,000
      9.00 Acres

      Loxahatchee Groves Land Opportunity

      9 acres of lush land near Wellington Polo Club.
      15550 Okeechobee Blvd, Loxahatchee Groves, FL 33470
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    Similar Nearby for Lease

    • $35 SF/Yr
      10,293 SF

      Westlake Palms Retail Center

      Prime Westlake Retail Spaces Available
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space with Drive-Thru

      3,000 SF end cap with drive-thru in Loxahatchee, FL.
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      View Details
    • $25 SF/Yr
      22,000 SF

      Groves Medical Plaza: Loxahatchee Groves

      Class A Medical Office Space Available
      13475 Southern Blvd, Loxahatchee Groves, FL 33470
      View Details
    • $511 /Mo
      1,268 SF

      Palms West Medical Office Space

      Prime Medical Office, 1268 sq ft
      13005 Southern Blvd, Loxahatchee, FL 33470
      View Details
    • $949,000
      1,995 SF

      Turnkey Medical/Professional Office Suite

      Turnkey 1,995 SF office suite on hospital campus for lease.
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      View Details
    • $8,950 /Mo
      3,497 SF

      Equestrian Facility with Stalls Available

      Renovated equestrian facility with stalls, arena, and paddocks for rent.
      1464 Stallion Dr, Loxahatchee, FL 33470
      View Details
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    20000 Southern Blvd
    Wellington, FL 33470
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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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