Property profile

7800 Okeechobee Blvd West Palm Beach, FL 33411

OFF-MARKET
Strip malls
Property ID
US18-2762429
23,450 SF 6.54 ac lot Built 2004
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Construction Company
  • Auto Repair Shop
  • Business Service Center Corporate Office
  • Auto Repair Shop

Location

7800 Okeechobee Blvd West Palm Beach, FL 33411-2147
West Palm Beach metro Census 7832 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

IAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $12.1M +74.8%
Industrial (general) $9.8M +41.8%
Retail stores $9.7M +41.0%

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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