8961 Okeechobee Blvd West Palm Beach, FL 33411-1826
Property Lookup
Property profile & analytics
8961 Okeechobee Blvd West Palm Beach, FL 33411-1826
- Banks
- 3,533 SF
- 1.01 lot acres
Property ID
US18-4994780
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- BB&T ATM / Atm
- Brandon Schmidt, DMD / Dental Office
- BB&T Mortgage / Loan Service / Bank
- West Lakes Dental Care / Dental Office
- Bisma Zaman, DMD / Dental Office
Property Details for 8961 Okeechobee Blvd
- Year built
- 2000
- Construction
- CONCRETE
- Lot size
- 1.01 lot acres
- Property size
- 3,533 SF
- Zone code
- RPD
- Property type
- Banks
- APN
- 74-42-43-20-08-002-0000
- APU
- 74424320080020000
Description
This exceptional investment opportunity presents a fee-simple interest in a 3,533 square foot medical office building, fully occupied by Heartland Dental under a corporate-guaranteed net lease. Located at 8961 Okeechobee Blvd, West Palm Beach, FL 33411, this property boasts a strong 5.34% cap rate and a substantial NOI of $170,928. The lease, commencing October 1, 2021, and expiring October 1, 2031, has approximately 6.9 years remaining, with built-in 10% rental increases every five years throughout the initial term and at the beginning of each of the three 5-year lease options. The building, constructed in 2000 and renovated in 2023, sits on a 1.01-acre lot with 27 parking spaces. Situated in a prime location at a signalized, hard corner intersection, the property benefits from excellent visibility and access, being an outparcel of the Shoppes at Andros Isle. The property's permitted commercial zoning, strong demographics within a 5-mile radius, and affluent 1-mile radius further enhance its investment appeal. The property features a 100% occupancy rate and offers limited landlord responsibilities. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant upside potential. The property's APN is 74-42-43-20-08-002-0000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,815,000
- ML approach
- $3,055,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,012,000
Market price range: $789k - $3.01M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,810,000
- MEDICAL BUILDING
- $1,910,000
- AUTO REPAIR, GARAGE
- $1,820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.183
- Latitude
- 26.7095
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,838
$1,185,360
$976,537
$2,161,897
-
$1,185,360
$976,537
$2,161,897
