1105 Royal Palm Beach BlvdRoyal Palm Beach, FL 33411

Property Details for 1105 Royal Palm Beach Blvd

Year built

1985

Construction

CONCRETE

Lot size

14.24 AC

Property size (Sq ft)

55,954 SF

Zone code

CG

Property type

Retail properties

Property subtype

Community centers

APN

72-41-43-23-21-003-0000

APU

72414323210030000

Description

Village Royale Shopping Plaza, located at 1105 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411, presents a prime retail investment opportunity. This Class A, 125,414 square foot neighborhood center boasts a strong tenant mix including national brands like Winn Dixie Marketplace, Pet Supermarket, The UPS Store, Subway, Dairy Queen, and Papa Johns, alongside successful local businesses such as Jupiter Donuts, Los Agaves Mexican Restaurant, and Butterfields Diner. Three suites are currently available, ranging from 1,300 to 4,065 contiguous square feet, offering flexibility for various retail or restaurant concepts. The property sits on a 16.11-acre lot (APN: 72-41-43-23-21-003-0000), with excellent visibility and access from both Okeechobee Blvd and Royal Palm Beach Blvd. Ample parking is provided with 720 spaces. Built in 1985, the single-story building is zoned CG. Current CAM charges are $16.00 per square foot, and property taxes are $5 per square foot. Out-parcels include CVS Pharmacy, Wells Fargo, Burger King, and Bud's Chicken, further enhancing the property's desirability and traffic flow. This is an exceptional opportunity to secure space in a thriving retail center with strong anchors and high visibility in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,286,690

  6.5%

  $23,341,560

  7%

  $21,674,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,224,516

  Geo Method

  $39,224,516

• Alternative Use

  Use

  Valuation

  Residential

  $19,689,478

  Hospitality

  $18,035,456

  Educational

  $15,005,288

  Medical

  $15,521,343

  Retail

  $23,341,560

Location Insight

City

Royal Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7075

Longitude

-80.2309

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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