581 105Th Ave Royal Palm Beach, FL 33411
This 6,900 square foot commercial property, located at 581 105th Ave N in Royal Palm Beach, Florida (zip code 33411), presents a rare opportunity. This Class B industrial/office space, built in 2007, is zoned IG—INDUSTRIAL GENERAL (72-ROYAL PALM BEACH) and offers exceptional versatility. Currently configured for classic auto storage, the property's zoning allows for multiple uses, making it ideal for a variety of businesses. The space comprises four combined condo units, featuring modern finishes throughout. Access is seamless with six large roll-up doors, a mezzanine office loft, and multiple storefront entries. Included in the sale are auto lifts. The expansive garage area boasts high ceilings and polished floors, creating a professional and inviting atmosphere. Its prime location between West Palm Beach and the Western Communities provides excellent access to major retailers such as Costco, Marshalls, and HomeGoods, as well as numerous dining options. The property benefits from high traffic counts on Southern Blvd (approx. 165,000 vehicles daily) and convenient access to major roadways including SR-7/US 441, Southern Blvd, the Turnpike (3 miles away), and I-95 (9 miles away). The asking price is $2,225,000. This owner/user investment opportunity offers a blend of modern amenities, flexible zoning, and a strategic location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.