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Properties
Showrooms
FL
West Palm Beach
33404
3866 Prospect Ave

Property profile

3866 Prospect Ave West Palm Beach, FL 33404

FOR LEASE

Showrooms

Property ID

US18-9428134

23,426 SF 4.39 ac lot Built 1984

Entity Owned 2-yr Hold ~ Est. High Equity

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Business Park One, located at 3866 Prospect Ave, West Palm Beach, FL 33404, offers a diverse range of industrial spaces for lease. This multi-tenant property comprises three single-story buildings totaling 54,078 square feet, built in 1984. The property is zoned LI - Light Industrial and features 55 drive-in bays, with units ranging from a minimum of 720 square feet to a maximum contiguous space of 1,200 square feet. Currently, 4,920 square feet of space is available. Each unit boasts 14-foot ceilings, air-conditioned offices, private restrooms, and convenient warehouse access via overhead doors. The property is situated on Enterprise Drive and Prospect Avenue in the Riviera Beach submarket, offering excellent access and visibility. The property's flexible space is ideal for various manufacturing, distribution, R&D, and flex uses. This prime West Palm Beach location provides a strategic advantage for businesses seeking efficient and well-appointed industrial space. The property's address is 3866 Prospect Ave, West Palm Beach, FL 33404, with the APN being 00-43-42-30-01-009-0040. North-facing frontage provides ample natural light.

Property type Showrooms

Use group SHOW ROOM, WAREHOUSE

Year built 1984

Construction CONCRETE

Total area 23,426 SF

Lot 4.39 ac (191,372 SF)

Zoning code IL

APN 00-43-42-30-01-009-0040

UPID US18-9428134

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

(Bike/Boat/Book/etc) Store
Telecommunications Service
Water Treatment Supplier Water Softening Equipment Supplier
Painting
Production Facility

3866 Prospect Ave West Palm Beach, FL 33404

West Palm Beach metro Census 1004 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

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AI Approach AI

by Request

CAP Approach CAP

$5.47M

Comparable Approach Comparable

$9.76M

Blend (final) Blend

$8.44M

since 2024

Last sale

$11.0M

6 recorded transactions

2025

Price N/A

2024

$11.0M

2017

Price N/A

2014

$3.3M

1969

Price N/A

1969

Price N/A

Zoning description

d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (…

General category INDUSTRIAL

Top alternative use upside

Apartment house (5+ units) $14.0M +162.1%

Medical building $12.7M +138.2%

Auto repair, garage $12.1M +126.5%

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
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Value Estimation
$4,700,000

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900 15th St, Riviera Beach, FL 33404-6720

View Details

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