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Property profile & analytics
FOR SALE
Retail space

617 Northlake Blvd North Palm Beach, FL 33408

1,750 SF 0.08 ac lot Built 1964
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-1391853
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 617 Northlake Blvd in North Palm Beach, Florida, presents a compelling investment opportunity. The 1-story building, constructed in 1964, boasts a highly desirable location directly on Northlake Boulevard, ensuring excellent visibility and accessibility for customers. Currently utilized as a retail service business, this 785,000 dollar property offers significant potential for a variety of uses, making it ideal for both established businesses seeking a prime location and savvy investors looking for a strong return. The property's prime location in the thriving North Palm Beach market, within Palm Beach County (zip code 33408), guarantees high foot traffic and exposure to a substantial customer base. The seller is motivated, presenting a unique chance to acquire this well-positioned retail space at an attractive price. The building's single-story design offers ease of access and functionality, while its established retail history provides a solid foundation for future success. This is a rare opportunity to own a highly visible and strategically located retail property in a sought-after area of Florida. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction CONCRETE
Total area 1,750 SF
Lot 0.08 ac (3,515 SF)
Zoning code C-NB
APN 68-43-42-16-04-038-0022
UPID US18-1391853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
$380k
Comparable Approach Comparable
$612k
Blend (final) Blend
$565k
Owner & transaction history
Yyz Property Management INC · 4 yrs held
Yyz Property Management INC
since 2022
Last sale
$575,000
4 recorded transactions
2022
$575,000
2016
Price N/A
2013
Price N/A
2001
$72,000
Zoning & alternative use
C-NB · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $900,000 +24.0%
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More about this property
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