11211 Prosperity Farms RdPalm Beach Gardens, FL 33410

Property Details for 11211 Prosperity Farms Rd

Year built

1981

Construction

CONCRETE BLOCKS

Property size (Sq ft)

1,328 SF

Property type

Office properties

Property subtype

Office buildings

APN

52-43-42-05-14-000-1010

APU

52434205140001010

Description

This exceptional 4,306 square foot medical office condominium is ideally situated in the desirable Palm Beach Gardens, Florida, at 11211 Prosperity Farms Rd, zip code 33410. Located within the established Oakpark Office Condominium Park, this property offers a prime location near Palm Beach Gardens Medical Center, The Gardens Mall, Legacy Place, and Downtown at the Gardens, providing convenient access to numerous restaurants and retail options. The asking price is $1,625,000. This Class C, owner-user investment opportunity boasts four contiguous units on the second floor of Building D, offering a total of 10 offices, a conference room, and a reception/waiting area with two restrooms. Currently 100% occupied, the property features a single tenancy and is ideally suited for a medical practice or similar professional use. Built in 1980, this three-story building provides a functional and well-maintained space. The occupancy date is November 1st, 2024. This is a rare opportunity to acquire a well-located, fully occupied medical office building in a thriving Palm Beach Gardens market. The property's proximity to major medical facilities and retail centers makes it an attractive investment for both owner-occupiers and investors.

• CAP approach

  CAP return

  Valuation

  6%

  $469,062

  6.5%

  $432,981

  7%

  $402,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,520

  Geo Method

  $338,520

• Alternative Use

  Use

  Valuation

  Residential

  $536,896

  Hospitality

  $491,794

  Educational

  $409,167

  Medical

  $423,239

  Retail

  $636,482

Location Insight

City

Palm Beach Gardens

County

Palm Beach

State

Florida

Latitude

26.8404

Longitude

-80.0732

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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