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    FOR LEASE
    Showrooms

    3866 Prospect Ave, West Palm Beach, FL 33404

    23,426 SF 4.39 ac lot Built 1984
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US18-9428134
    Property summary
    AI-generated overview

    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 profile
    Verified
    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
    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
    Current use
    Occupant on record · Public records
    • Indoor Generators (Bike/Boat/Book/etc) Store
    • Communications by Johnson Telecommunications Service
    • Perfectly Clear Water Filtration Water Treatment Supplier Water Softening Equipment Supplier
    • Arnold Painting Painting
    • New Technology M.s.s. Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.47M
    Comparable Approach Comparable
    $9.76M
    Blend (final) Blend
    $8.44M
    Owner & transaction history
    Tlh Riviera Beach Fl LLC · 2 yrs held
    Tlh Riviera Beach Fl LLC
    since 2024
    Last sale
    $11.0M
    6 recorded transactions
    2025
    2024
    $11.0M
    2017
    2014
    $3.3M
    1969
    1969
    Zoning & alternative use
    IL · West Palm Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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%
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    More about this property
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