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

    429 Northlake Blvd Ste, Unit 1 North Palm Beach, FL 33408-5414

    • Medical offices
    • 3,991 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2022
    $1,250,000
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    4.7%
    Medical offices
    Location Intelligence
    Property ID
    US18-3874444
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 429 Northlake Blvd Ste

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.56 lot acres
    Property size
    3,991 SF
    Zone code
    C-NB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    68-43-42-16-07-000-0240
    APU
    68434216070000240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $860,000
      7%
      $795,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0603
    Latitude
    26.8079
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,791
    $610,000
    $407,325
    $1,017,325
    -
    $610,000
    $407,325
    $1,017,325

    Comparable in this City

    • Value Estimation
      $1,705,000
      7,455 SF

      550 Northlake Blvd

      MEDICAL BUILDING • 7,455 SF
      550 Northlake Blvd, North Palm Beach, FL 33408-5409
      View Details
    • Value Estimation
      $905,000
      4,916 SF

      1973 Pga Blvd

      MEDICAL BUILDING • 4,916 SF
      1973 Pga Blvd, Palm Beach Gardens, FL 33408-3004
      View Details
    • Value Estimation
      $1,755,000
      9,537 SF

      701 Northlake Blvd Ste, Unit 101

      MEDICAL BUILDING • 9,537 SF
      701 Northlake Blvd Ste, North Palm Beach, FL 33408-5215
      View Details
    • Value Estimation
      $825,000
      4,176 SF

      328 Northlake Blvd

      MEDICAL BUILDING • 4,176 SF
      328 Northlake Blvd, North Palm Beach, FL 33408-5421
      View Details
    • Value Estimation by Request
      1,768 SF

      1951 Bomar Dr

      MEDICAL BUILDING • 1,768 SF
      1951 Bomar Dr, Palm Beach Gardens, FL 33408-3006
      View Details
    • Value Estimation by Request
      2,508 SF

      134 Us Hwy 1st 1

      MEDICAL BUILDING • 2,508 SF
      134 Us Hwy 1st 1, North Palm Beach, FL 33408-5402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Suite Available

      Fully built-out medical office suite with recent renovations.
      701 Northlake Blvd, West Palm Beach, FL 33408
      View Details
    • $399,500

      Corner Unit Office Suite

      Ground floor office suite in North Palm Beach location.
      721 116-117, North Palm Beach, FL 33408
      View Details
    • New
      $199,000
      0.82 Acres

      Boutique Commercial Condo in North Palm Beach

      Charming commercial condo with retail storefront entrance and flexible layout.
      537 Us Hwy 1, North Palm Beach, FL 33408
      View Details
    • $325,000

      Oak Harbour Deeded Dock Slip

      Private deeded dock slip in Oak Harbour.
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    • $399,000

      Juno Beach Property For Sale

      Property in Juno Beach, Florida, available for purchase.
      13753 Oleander Ave, Juno Beach, FL 33408
      View Details
    • $1,875,000

      Oversized Lot Steps From Beach

      Premier Juno Beach location, oversized lot near the beach.
      403 Olympus Dr, Juno Beach, FL 33408
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    Similar Nearby for Lease

    • $27 SF/Yr
      4,335 SF

      North Palm Beach Medical Office

      Prime Medical Office Space, Newly Renovated
      517 Northlake Blvd, North Palm Beach, FL 33408
      View Details
    • Contact for pricing
      23,500 SF

      Prime North Palm Beach Retail Space

      Medical Office Suite, 2,000 SF Available
      932 Northlake Blvd, North Palm Beach, FL 33408
      View Details
    • Contact for pricing
      2,200 SF

      Juno Beach Retail/Office/Medical Space

      Retail, medical, and office spaces available in Juno Beach.
      14241-14267 Us Highway 1, Juno Beach, FL 33408
      View Details
    • Contact for pricing
      2,400 SF

      Juno Beach Retail/Office/Medical Space

      Retail, medical, and office spaces available in Juno Beach.
      14121-14161 Us Highway 1, Juno Beach, FL 33408
      View Details
    • $45 SF/Yr
      4,000 SF

      North Palm Beach Office Space

      Prime Office Space, 4,000 sq ft available.
      376 Northlake Blvd, North Palm Beach, FL 33408
      View Details
    • $17 SF/Yr
      33,060 SF

      North Palm Beach Office Building

      3-Story Office, 33,060 SF Available
      660 Us-1, North Palm Beach, FL 33408
      View Details
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    North Palm Beach, FL 33408-5414
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    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
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