2005 Vista Pkwy, West Palm Beach, FL 33411
- Office buildings
- 22,338 SF
- 4.00 lot acres
Current Use by Public Records
- Hugh H. Verner - Partnership Realty / Real Estate Agency
- Pinder Troutman Consulting Inc / Engineer
- Inspection Xpress / Home Inspector
- Protego VIP / Insurance Agency
- Palm Beach Real Estate Institute / Vocational School / Training Center
Property Details for 2005 Vista Pkwy
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 4.00 lot acres
- Zone code
- PIPD
- Property type
- Office buildings
- APN
- 00-42-43-22-06-023-0050
- APU
- 424322060230050
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 17, 2022 | $10,430,000 | 153 E 26th St LLC | 123 West 92nd Street LLC | Special Warranty Deed | $6.1M · Power Financial Cu |
| Jul 18, 2016 | — | 123 West 92nd Street LLC | — | Deed · related | $1.3M · Valley Nat'l Bk |
| Jun 28, 2016 | — | 123 West 92nd Street LLC | — | Deed · related | $2.9M · Valley Nat'l Bk |
| Mar 3, 2015 | $6,000,000 | 123 West 92nd Street LLC | Black Oak Partners LLC | Warranty Deed | $3M · Valley National Bank |
| Aug 20, 2012 | $3,725,000 | Black Oak Partners LLC | Design Arts Of Palm Beach LLC | Warranty Deed | $2.8M · First United Bank |
| — | — | 123 West 92nd Street LLC | — | Loan Modification · related | $2.9M · Valley Nat'l Bk |
| — | — | 123 West 92nd Street LLC | — | Deed Of Trust · related | $1.3M · Valley Nat'l Bk |
| — | — | Design Arts Of Palm Beach LLC | — | Deed Of Trust · related | $2.4M · Bank Of Florida NA |
Description
This exceptional sublease opportunity presents 1,546 square feet of professional office space in the highly desirable Vista Business Park of West Palm Beach. Located at the prime corner of Vista Parkway and Jog Road, this space offers immediate occupancy with 2.5 years remaining on the existing lease. Rent includes base rent and common area maintenance (CAM) charges, providing predictable and manageable operating costs. The building boasts a range of desirable features, including impact glass windows, ample parking for tenants and visitors, exterior security lighting for enhanced safety, and convenient 24-hour access. Its strategic location provides unparalleled convenience, with easy access to Okeechobee Boulevard, the Florida Turnpike, Palm Beach International Airport, and downtown West Palm Beach. The surrounding area offers a wealth of amenities within walking distance, including hotels, restaurants, financial services, and even golf courses. The property is zoned PIPD (Planned Industrial Park District) and its APN is 00424322060230050. This space is part of a larger building, but is a single-tenant occupancy. A detailed floor plan is available for review. Don't miss this chance to secure a highly visible and well-appointed office space in a thriving business park.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,345,000
- ML approach
- $9,930,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,845,000
- 6.5%
- $12,780,000
- 7%
- $11,865,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,535,000
- AI Estimate
- $8,102,000
Market price range: $4.67M - $10.5MMarket price range: $2.59M - $8.10M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,035,000 Current use
- RESTAURANT
- $17,085,000 Change: +143% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $13,305,000 Change: +89% Conversion: Easy
- MEDICAL BUILDING
- $12,090,000 Change: +72% Conversion: Easy
- AUTO REPAIR, GARAGE
- $11,495,000 Change: +63% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $9,325,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $9,270,000 Change: +32% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1474
- Latitude
- 26.7089
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
