Property profile

5725 Corporate Way West Palm Beach, FL 33407

FOR SALE
Office buildings
Property ID
US18-4539055
19,452 SF 1.15 ac lot Built 1983
Individually Owned 8-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 19,452 SF
5725 Corporate Way, West Palm Beach, FL 33407
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Property summary

AI-generated overview

This exceptional 950-square-foot traditional office suite is ideally situated at 5725 Corporate Way, West Palm Beach, FL 33407, in Palm Beach County. Currently available for lease, this single-tenant space boasts a full build-out, making it move-in ready. The property is approved for both office and medical use, presenting a versatile option for a variety of businesses. Enjoy a prime location with convenient access to area amenities. The lease term is favorable, and the pricing is competitive. Available September 1st, 2024, this suite offers three months of free rent. This is a unique opportunity to secure a professional office space in a building described as the only one of its kind in the area. The space is in excellent condition and presents a perfect environment for your business to thrive. Don't miss this chance to establish your presence in this desirable West Palm Beach location. The suite is fully built-out and ready for immediate occupancy. This is a remarkable opportunity to secure a high-quality office space at an affordable price.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1983
Construction CONCRETE
Total area 19,452 SF
Lot 1.15 ac (50,168 SF)
Zoning code IL
APN 74-43-43-06-01-000-0080
UPID US18-4539055

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
  • Postal Service Courier Service
  • Home Health Care Service
  • Social Service Agency Charitable Organization
  • Consultant
  • Training Center

Location

5725 Corporate Way West Palm Beach, FL 33407
West Palm Beach metro Census 1402 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
by Request
Comparable Approach Comparable
$4.21M
Blend (final) Blend
$4.56M

Owner & transaction history

since 2018
4 recorded transactions
2018
$2.1M
2012
$1.9M
2000
$1.6M
1969
Price N/A

Zoning & alternative use

IL · West Palm Beach, FL
Zoning description

d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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