Property profile

7100 Fairway Dr Palm Beach Gardens, FL 33418

OFF-MARKET
Community centers
Property ID
US18-6331606
35,813 SF 12.13 ac lot Built 1986
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

LA Fitness Plaza, located at 7100 Fairway Dr, Palm Beach Gardens, FL 33418, presents a compelling retail investment opportunity. This 106,006 square foot neighborhood center, built in 1986 and situated on 12.13 acres in Palm Beach County, offers five available spaces ranging from 1,200 to 4,100 square feet. Currently, 9,490 square feet are vacant. The center enjoys a prime location, benefiting from its proximity to affluent master-planned communities such as PGA National, Mirasol, BallenIsles, and Ironhorse, boasting some of the highest median incomes in South Florida. Its strategic placement at the intersection of PGA Blvd and Fairway Drive places it within a thriving commercial area, including over 500,000 square feet of office space, notably the Bascom Palmer Eye Institute. The renowned PGA National Resort, a mere 5-minute drive away, hosts popular tournaments annually, including the Honda Classic, generating significant foot traffic and visibility. This LA Fitness-anchored center offers a unique chance to establish a presence in a high-demand, high-traffic location within a well-established and affluent community.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction CONCRETE
Total area 35,813 SF
Lot 12.13 ac (528,574 SF)
Zoning code PCD
APN 52-42-42-10-19-001-0010
UPID US18-6331606

Cap rate & NOI

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

Location

7100 Fairway Dr Palm Beach Gardens, FL 33418-3777
Palm Beach Gardens metro Census 7830 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
$10.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.30M

Owner & transaction history

since 2017
2 recorded transactions
2017
$25.0M
2010
$13.3M

Zoning & alternative use

PCD · Palm Beach Gardens, FL
Zoning description

as it applies to a private golf course is PCD or PUD. Policy 1.1.1.15.: Mixed Use Development (MXD): The Mixed Use Development category is designed for new development which is characterized by a variety of integrated la…

General category UNKNOWN
Top alternative use upside
Commercial (general) $16.8M +19.1%
Retail stores $14.3M +0.9%
Office building $14.2M +0.4%

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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