Property profile

524 Northlake Blvd Ste A North Palm Beach, FL 33408

OFF-MARKET
Strip malls
Property ID
US18-4032646
7,632 SF 0.64 ac lot Built 1979
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,900 square foot retail space is ideally situated at 524 Northlake Boulevard in North Palm Beach, Florida, within a thriving plaza. The property boasts a single-tenant occupancy and is zoned C1, offering significant potential for a variety of retail businesses. Its prime location ensures high visibility and substantial foot traffic, benefiting from its proximity to established businesses such as a dog grooming salon and a furniture store. The surrounding area is densely populated, with hundreds of residential units within a two-mile radius, guaranteeing a consistent flow of potential customers. Demographic data reveals an average household income exceeding $113,000 within a three-mile radius, and a population of over 80,000 residents within the same area. The property's APN is 36434221031390070. This presents a unique opportunity for businesses seeking a high-traffic, affluent location in a rapidly growing community. The lot size is not specified. This single-suite building offers a turnkey solution for immediate occupancy and business operations. The property's strategic location and strong demographics make it an attractive investment for discerning entrepreneurs. This is a rare opportunity to establish a successful business in a highly desirable area of North Palm Beach.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction CONCRETE
Total area 7,632 SF
Lot 0.64 ac (27,661 SF)
Zoning code C1
APN 36-43-42-21-03-139-0070
UPID US18-4032646

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Kennel & Boarding Facility
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Kennel & Boarding Facility
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

524 Northlake Blvd Ste A North Palm Beach, FL 33408-5416
North Palm Beach metro Census 1101 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$565k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2017
$1.1M
2004
$980,000
2002
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · North Palm Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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