3200 Fairlane Farms RdWellington, FL 33414

Property Details for 3200 Fairlane Farms Rd

Year built

2008

Construction

CONCRETE

Lot size

2.46 AC

Property size (Sq ft)

8,199 SF

Zone code

FLEX

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

73-41-44-23-03-000-0160

APU

73414423030000160

Description

This exceptional investment opportunity presents a fully leased, 8,199 square foot flex space property located at 3200 Fairlane Farms Road, Wellington, Florida 33414. Built in 2008, this property comprises five units and offers immediate income generation with significant growth potential. The versatile space is suitable for a variety of uses, including office, retail, medical, and professional services. The property boasts modern facilities and quality finishes, ensuring a high-quality tenant experience. Ample parking is available, providing convenient access for tenants and customers. Its strategic location in Wellington offers excellent visibility and easy highway access, further enhancing its appeal. The property benefits from nearby amenities such as dining, shopping, and entertainment options. This is a prime investment opportunity with an attractive 6% cap rate and strong potential for future appreciation due to the thriving community and ongoing local development. The property is currently 100% leased, providing a stable income stream. The lot size is not specified. This property is an excellent choice for investors seeking a high-return, low-risk investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,125,547

  6.5%

  $2,885,120

  7%

  $2,679,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,535,236

  Geo Method

  $3,535,236

• Alternative Use

  Use

  Valuation

  Residential

  $2,885,120

  Hospitality

  $2,642,755

  Educational

  $2,198,741

  Medical

  $2,274,359

  Retail

  $3,420,264

Location Insight

City

Wellington

County

Palm Beach

State

Florida

Latitude

26.63

Longitude

-80.2211

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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