Technical
Financial
Distress signals
Property profile

6255 Okeechobee Blvd West Palm Beach, FL 33417

OFF-MARKET
Commercial land
Property ID
US18-6068601
2.41 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7-acre commercial land parcel presents a remarkable investment opportunity in West Palm Beach, Florida. Located at 6255 Okeechobee Boulevard, this property boasts unparalleled visibility and accessibility. Direct frontage on the six-lane Okeechobee Boulevard ensures high traffic exposure, while its proximity to the Florida Turnpike entrance/exit ramp guarantees exceptional visibility and convenient access. The property is situated in unincorporated Palm Beach County and is zoned CG, offering a wide range of development possibilities. Its strategic location provides immediate access to the Florida Turnpike, is within two miles of I-95, and just 1.5 miles from West Palm Beach Airport. The site's characteristics make it ideally suited for various commercial developments, including automotive or medical facilities. The asking price for this prime commercial land is $16,500,000, representing a price per acre of $2,358,000. This is a rare opportunity to acquire a large, strategically located parcel with significant development potential in a thriving Florida market. The corporate ownership structure ensures a streamlined transaction.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.41 ac (104,936 SF)
Zoning code CG
APN 00-42-43-23-00-000-7030
UPID US18-6068601

Cap rate & NOI

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

Location

6255 Okeechobee Blvd West Palm Beach, FL 33417-4329
West Palm Beach metro Census 1913 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2015
4 recorded transactions
2016
Price N/A
2015
$2.9M
2014
Price N/A
1969
Price N/A

Zoning & alternative use

CG · West Palm Beach, FL

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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