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    Property profile & analytics

    5400 Ee Ave West Palm Beach, FL 33407-2344

    • Medical Office Space
    • 16,889 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2020
    $14,000,000
    Value Estimations
    $10,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2825072
    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

    • First Step Trucking / Car Dealership

    Property Details for 5400 Ee Ave

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    2.00 lot acres
    Property size
    16,889 SF
    Zone code
    CS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    74-43-43-04-29-001-0000
    APU
    74434304290010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,470,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $9,140,000
      Current use
      RESTAURANT
      $12,915,000
      Change: +41% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $10,060,000
      Change: +10% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $8,690,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0674
    Latitude
    26.7593
    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
    $51,954
    $1,090,542
    $1,227,518
    $2,318,060
    -
    $1,090,542
    $1,227,518
    $2,318,060

    Comparable in this City

    • Value Estimation
      $3,850,000
      6,036 SF

      4461 Medical Ctr Way

      MEDICAL BUILDING • 6,036 SF
      4461 Medical Ctr Way, West Palm Beach, FL 33407-3280
      View Details
    • Value Estimation
      $2,730,000
      13,416 SF

      4455 Medical Ctr Way

      MEDICAL BUILDING • 13,416 SF
      4455 Medical Ctr Way, West Palm Beach, FL 33407-3244
      View Details
    • Value Estimation
      $2,620,000
      6,000 SF

      5800 Corporate Way

      MEDICAL BUILDING • 6,000 SF
      5800 Corporate Way, West Palm Beach, FL 33407-2004
      View Details
    • Value Estimation
      $6,605,000
      25,352 SF

      4601 Congress Ave

      MEDICAL BUILDING • 25,352 SF
      4601 Congress Ave, West Palm Beach, FL 33407-3381
      View Details
    • Value Estimation
      $1,700,000
      4,366 SF

      2000 Continental Dr

      MEDICAL BUILDING • 4,366 SF
      2000 Continental Dr, West Palm Beach, FL 33407-3207
      View Details
    • Value Estimation
      $780,000
      4,678 SF

      1115 45th St

      MEDICAL BUILDING • 4,678 SF
      1115 45th St, Mangonia Park, FL 33407-2376
      View Details

    Similar Nearby for Sale

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      41,861 SF

      West Palm Beach Medical Office Building

      Prime medical office, strong NOI, owner-user potential.
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    • $14,000,000
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      The Atrium: West Palm Beach Office

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    • $1,500,000

      West Palm Beach Investment Opportunity

      Two adjacent commercial properties in West Palm Beach for sale.
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    • Contact for pricing

      Prime Location Retail/Office Space

      Retail or office space near Downtown West Palm Beach.
      3600 Broadway Ave, West Palm Beach, FL 33407
      View Details
    • Contact for pricing
      32,000 SF

      West Palm Beach Office Building

      Renovated office building with I-95 access and CPD zoning.
      4431 Embarcadero Dr, West Palm Beach, FL 33407
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    • $1,675,000

      Unique Office/Warehouse in Dixie/NORA Corridor

      3742 SF office/warehouse with 6000 SF lot in booming area.
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    Similar Nearby for Lease

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      73,500 SF

      West Palm Beach Medical Office Space

      Prime Medical Office Suites, West Palm Beach
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    • $23 SF/Yr
      5,820 SF

      West Palm Beach Office Suite 104

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      View Details
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      30,328 SF

      Metrocentre Corporate Park Office Space

      West Palm Beach office space, ideal for medical or professional use.
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    • $20 SF/Yr
      58,700 SF

      Park Plaza Office Suites

      West Palm Beach commercial space available
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    • $20 SF/Yr
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      Medical Office Space Available

      5,228 SF fully built-out medical office space for lease.
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      View Details
    • Contact for pricing
      3,097 SF

      West Palm Beach Medical Center

      Medical office space for lease near JFK Medical Center.
      2051 45Th St, West Palm Beach, FL 33407
      View Details
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    West Palm Beach, FL 33407-2344
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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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