Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3037 Haverhill Rd West Palm Beach, FL 33417

    Property Lookup

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

    3037 Haverhill Rd West Palm Beach, FL 33417

    View on Map
    • Commercial real estate
    • 172,933 SF
    • 3.97 lot acres
    Off-Market
    Property ID
    US18-8655309
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Higgins Electric / Electrical Service / General Contractor

    Property Details for 3037 Haverhill Rd

    Lot size
    3.97 lot acres
    Property size
    172,933 SF
    Property type
    Commercial real estate
    APN
    00-42-43-14-00-000-5190

    Description

    This exceptional 3.97-acre parcel at 3037 Haverhill Road, West Palm Beach, FL 33417 (APN 00-42-43-14-00-000-5190), is offered at $2,600,000. Zoned PUD - Type 3 - Congregate Living, it boasts site plan approval for a variety of uses including assisted living, memory care, rehabilitation facilities, and places of worship. The property, totaling 172,933 square feet, is ideally situated for immediate development, with county approvals already secured for a brain injury facility, reflecting the high demand in Palm Beach County. Budget and approvals are in place to begin construction. Its prime location offers convenient access to St. Mary's Hospital, Palm Beach International Airport (PBI), Interstate 95, and the Turnpike, all within a 10-minute drive. The site benefits from its position near a signalized intersection and between Okeechobee Boulevard and Palm Beach Lakes Boulevard, two major traffic arteries, in a high-density residential/commercial market. This is a turnkey opportunity for investors seeking a high-return project in a thriving area. Currently under contract.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1191732
    Latitude
    26.7220741

    Comparable in this City

    • Contact for pricing
      740 SF

      West Palm Beach Apartment

      Remodeled one-bedroom apartment in West Palm Beach, Florida.
      West Palm Beach, FL 33417
      View Details
    • New
      $800,000
      3,168 SF

      Income-Producing Multifamily Property

      Multifamily property with strong rental history in West Palm Beach.
      1675 E Breezy Ln, West Palm Beach, FL 33417
      View Details
    • $735,000
      1,800 SF

      West Palm Beach Duplex Opportunity

      Well-maintained duplex on large lot near downtown West Palm Beach.
      4647 Marguerita St, West Palm Beach, FL 33417
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      740 SF

      West Palm Beach Apartment

      Remodeled one-bedroom apartment in West Palm Beach, Florida.
      West Palm Beach, FL 33417
      View Details
    • New
      $800,000
      3,168 SF

      Income-Producing Multifamily Property

      Multifamily property with strong rental history in West Palm Beach.
      1675 E Breezy Ln, West Palm Beach, FL 33417
      View Details
    • $735,000
      1,800 SF

      West Palm Beach Duplex Opportunity

      Well-maintained duplex on large lot near downtown West Palm Beach.
      4647 Marguerita St, West Palm Beach, FL 33417
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,150 SF

      Retail Space on Okeechobee Boulevard

      Retail/office space available in West Palm Beach shopping center.
      5075-5095 Okeechobee Blvd, West Palm Beach, FL 33417
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space in West Palm

      1,225 SF in-line space available for lease.
      4075 N Haverhill Rd, West Palm Beach, FL 33417
      View Details
    • $24 SF/Yr
      20,336 SF

      West Palm Beach Office/Retail Opportunity

      Former bank branch ideal for office or retail with drive-thru.
      5849 Okeechobee Blvd, West Palm Beach, FL 33417
      View Details
    • $18 SF/Yr
      1,000 SF

      Retail Space in West Palm

      Retail and office spaces available with high traffic location.
      5021-5069 Okeechobee Blvd, West Palm Beach, FL 33417
      View Details
    • Contact for pricing
      780 SF

      Retail Space on Okeechobee Blvd

      Retail space available for rent on Okeechobee Blvd.
      5750-5784 Okeechobee Blvd, West Palm Beach, FL 33417
      View Details
    • Contact for pricing

      West Palm Beach Retail/Office Space

      High-visibility space with drive-thru, ideal for retail or office.
      5849 Okeechobee Blvd, West Palm Beach, FL 33417
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3037 Haverhill Rd
    West Palm Beach, FL 33417
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3037 Haverhill Rd, West Palm Beach, FL, 33417

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!