400 Executive Center DrWest Palm Beach, FL 33401

Property Details for 400 Executive Center Dr

Year built

1985

Construction

CONCRETE BLOCKS

Property size (Sq ft)

1,627 SF

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-20-04-000-1040

APU

74434320040001040

Description

This exceptional special-purpose property at 400 Executive Center Drive, West Palm Beach, Florida, 33401, presents a unique investment opportunity. The building, constructed in 1985, offers a total of 3108+ square feet of professional office space, divided into two units. One unit measures 1498 square feet, and the other is 1610 square feet, allowing for flexibility in usage. The property sits on a lot with no recorded square footage. Previously utilized as both a law office and a medical office, this versatile space is ideally suited for a variety of professional uses. Its prime location in a vibrant section of West Palm Beach offers unparalleled convenience. Enjoy easy access to I-95, local hospitals, downtown West Palm Beach, the outlets, and various government offices. The asking price for the entire complex is $750,000. This presents a rare chance to acquire a well-situated, established office space in a high-demand area. The property's adaptability and strategic location make it an attractive investment for discerning buyers seeking a strong return. The building's history of successful professional use underscores its suitability for a range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $377,255

  6.5%

  $348,236

  7%

  $323,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,599

  Geo Method

  $452,599

• Alternative Use

  Use

  Valuation

  Residential

  $431,812

  Hospitality

  $395,538

  Educational

  $329,083

  Medical

  $340,400

  Retail

  $511,907

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7135

Longitude

-80.0782

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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