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Property profile & analytics
OFF-MARKET Estimated value $7,550,000
Strip malls

7800 Okeechobee Blvd West Palm Beach, FL 33411-2147

23,450 SF 6.54 ac lot Built 2004
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2762429
Property summary
AI-generated overview

This exceptional retail opportunity presents a thriving, established restaurant in West Palm Beach, Florida. Located at 7800 Okeechobee Boulevard, zip code 33411, this 2,663 square foot business has been a community favorite for over a decade, serving delicious Dim Sum and Chinese cuisine. Built in 2004, the restaurant boasts a loyal customer base, operating six days a week from 11:00 AM to 9:00 PM (closed Tuesdays). The property is situated in Palm Beach County and offers a turnkey operation for a prospective buyer looking to enter the established restaurant market. The asking price is $275,000. This presents a unique chance to acquire a profitable, well-regarded business with a proven track record in a desirable location. The substantial square footage provides ample space for dining, kitchen operations, and potential expansion. The property's location on Okeechobee Boulevard ensures high visibility and accessibility for customers. This is an ideal investment for an experienced restaurateur or a savvy investor seeking a strong return on investment in a vibrant Florida market. The property itself has a lot size of 0 square feet, indicating the building may be part of a larger complex or development. Serious inquiries are encouraged.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction CONCRETE
Total area 23,450 SF
Lot 6.54 ac (284,800 SF)
Zoning code GC
APN 74-42-43-28-43-004-0000
UPID US18-2762429
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
Current use
Occupant on record · Public records
  • Tru Water Damage Care Hardware & Home Improvement Construction Company
  • Best Brakes Auto Repair Auto Repair Shop
  • Golden Shoppes Business Service Center Corporate Office
  • Mobil 1 Lube Express Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.83M
Comparable Approach Comparable
$9.78M
Blend (final) Blend
$7.55M
Owner & transaction history
Golden Shoppes LLC · 8 yrs held
Golden Shoppes LLC
since 2018
4 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $12.1M +74.8%
Industrial (general) $9.8M +41.8%
Retail stores $9.7M +41.0%
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