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Property profile & analytics
OFF-MARKET Estimated value $1,700,000
Distribution centers

2949 2nd N Ave Palm Springs, FL 33461-4115

8,232 SF 1.24 ac lot Built 1977
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2888274
Property summary
AI-generated overview

This exceptional 8,232-square-foot warehouse and office space presents a significant opportunity in Palm Springs, Florida. The single-tenant property sits on a generous 1.24-acre lot (54,014.4 sq ft), offering ample space for operations and expansion. Built in 1977 and renovated in 2019, this Class B building boasts a 16-foot ceiling height, perfect for various industrial uses. The property features six loading docks with six dock-high doors, four drive-ins, and 50 total parking spaces, ensuring efficient loading and ample parking for employees and visitors. The warehouse includes a column-free 6,600 sq ft area, a substantial 3,700 sq ft covered rear area with side vehicle entry, and 1,500 sq ft of office space. The property benefits from a 200 amp, 3-phase power supply. Located at 2949 2nd Ave N, Palm Springs, FL 33461, this strategically positioned property enjoys excellent access to major transportation arteries, including Interstate-95 (2 miles), the Florida Turnpike (5.5 miles), and Palm Beach International Airport (7 miles). The property is zoned Commercial General (APN: 70-43-44-20-01-103-0010) and has a 163-foot frontage on 2nd Ave N, offering excellent visibility. Annual property taxes are $3.06 per square foot. This is an ideal location for businesses requiring substantial warehouse space, convenient access, and a strong Palm Beach County presence.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1977
Construction CONCRETE
Total area 8,232 SF
Lot 1.24 ac (53,801 SF)
Zoning code CG
APN 70-43-44-20-01-103-0010
UPID US18-2888274
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
$1.66M
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.70M
Owner & transaction history
Ashyla Properties LLC · 8 yrs held
Ashyla Properties LLC
since 2018
5 recorded transactions
2018
$970,000
2007
Price N/A
2006
$235,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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