5900 Broadway West Palm Beach, FL 33407
Property profile & analytics
5900 Broadway West Palm Beach, FL 33407
- Office buildings
- 4,158 SF
- 0.48 lot acres
Property ID
US18-1743913
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.
Location Intelligence
Current Use by Public Records
- International Bankers Mortgage / Loan Service / Bank
- Interstate Movers Palm beach county / Moving Company
Property Details for 5900 Broadway
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 0.48 lot acres
- Property size
- 4,158 SF
- Zone code
- BMUD- II
- Property type
- Office buildings
- APN
- 74-43-43-04-03-000-0170
- APU
- 74434304030000170
Description
This exceptional 4,158-square-foot mixed-use property at 5900 Broadway, West Palm Beach, FL 33407, presents a unique redevelopment opportunity. Currently vacant, this single-story, 1962-built building sits on a lot with 30 parking spaces and boasts over 200 feet of frontage on US Highway 1, providing easy access to both Downtown West Palm Beach and North Palm Beach. Zoned BMUD-II, the property is ideally positioned to benefit from recent (June 2024) changes to Land Development Regulations, allowing for retail, professional offices, and the potential for over 30 residential units. This aligns perfectly with the City of West Palm Beach's initiative to revitalize the Broadway Corridor into a vibrant mixed-use community. The property's strategic location and the City's support through the CRA create a compelling investment opportunity for developers and businesses seeking to contribute to a thriving, dynamic community. The asking price is $2,150,000. The property features one building on a lot with a size not specified in the provided information.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,825,000
- ML approach
- $1,750,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,575,000
- 6.5%
- $2,380,000
- 7%
- $2,210,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,305,000 Current use
- MEDICAL BUILDING
- $2,250,000 Change: +73% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,140,000 Change: +64% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,775,000 Change: +36% Conversion: Easy
- RETAIL STORES
- $1,725,000 Change: +32% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,595,000 Change: +22% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,225,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0549
- Latitude
- 26.7627
- 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
$7,019
$210,620
$98,641
$309,261
-
$210,620
$98,641
$309,261
