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Property profile & analytics
OFF-MARKET Estimated value $1,335,000
Warehouses

7959 Southern Blvd West Palm Beach, FL 33411-3805

1,440 SF 1.93 ac lot Built 1959
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US18-4627905
Property summary
AI-generated overview

This exceptional industrial property, located at the highly trafficked northeast corner of Southern Boulevard (US-98) and Benoist Farms Road in Palm Beach County, presents a unique investment opportunity. The site boasts unparalleled visibility and accessibility, strategically positioned on a major East/West thoroughfare averaging over 84,000 vehicles daily. Its proximity to the Florida Turnpike (79,000 VPD) further enhances its strategic value. The property is fully approved for a gas station and drive-thru restaurant, capitalizing on the dense demographics and affluent population in the surrounding area. A strong retail presence anchors the immediate vicinity, including a major shopping center (Shoppes of Southern Palms, 230,000 sq ft) with national tenants like Kohl's and Dick's Sporting Goods, as well as other popular restaurants such as Dunkin' Donuts and Texas Roadhouse. Nearby national chains include Wawa, Burger King, Chick-fil-A, McDonald's, Lowe's, and Home Depot. The I-Think Amphitheatre is conveniently located within one mile. The affluent 1-mile radius boasts an average household income of $170,000, underscoring the significant market potential. The annual lease rate is $325,000 NNN. This property offers an unparalleled combination of location, visibility, and development potential, making it an exceptional investment opportunity in a thriving market.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1959
Construction WOOD FRAME
Total area 1,440 SF
Lot 1.93 ac (83,997 SF)
Zoning code CG
APN 00-42-43-27-05-006-4210
UPID US18-4627905
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
$1.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.34M
Owner & transaction history
7959 Southern LLC · 2 yrs held
7959 Southern LLC
since 2023
Last sale
$1.3M
7 recorded transactions
2023
$1.3M
2018
Price N/A
2016
Price N/A
2015
Price N/A
1993
$150,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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