Property profile

5700 Georgia Ave West Palm Beach, FL 33405

OFF-MARKET
Showrooms
Property ID
US18-1104839
5,400 SF 0.45 ac lot Built 1971
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,750-square-foot warehouse, located at 5700 Georgia Avenue in Palm Beach County, presents a unique investment opportunity. Built in 1971, this single-tenant property sits on a lot with no specified size and is zoned I(city). The building features high ceilings and boasts automatic garage doors and storm shutters, ensuring both functionality and security. A significant portion of the space, approximately 1,450 square feet, includes tile flooring and a bathroom, providing a versatile and well-appointed area. An additional 2,700 square feet offers further potential for customization and expansion. The property's strategic location on Georgia Avenue offers easy access to major transportation routes, including Interstate 95, and benefits from the proximity to other businesses in the area. Please note that mechanical work is prohibited on the premises. The property's APN is 74434404150000731. This warehouse is ready for immediate occupancy and presents a compelling opportunity for a variety of industrial uses. The total building area is 4,750 square feet, with the entire space currently vacant.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1971
Construction CONCRETE
Total area 5,400 SF
Lot 0.45 ac (19,493 SF)
Zoning code I
APN 74-43-44-04-15-000-0731
UPID US18-1104839

Cap rate & NOI

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

Location

5700 Georgia Ave West Palm Beach, FL 33405-3712
West Palm Beach metro Census 3700 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.26M
Comparable Approach Comparable
$971k
Blend (final) Blend
$1.27M

Owner & transaction history

since 2015
4 recorded transactions
2021
Price N/A
2020
Price N/A
2017
Price N/A
2015
$850,000

Zoning & alternative use

I · West Palm Beach, FL
Zoning description

-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 (IL) district. Sec. 94-174. - Industrial (…

General category INDUSTRIAL

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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