15910 Orange BlvdLoxahatchee, FL 33470

  • Retail properties
  • 5,190 SF
For Lease

Property Details for 15910 Orange Blvd

Year built
2012
Construction
CONCRETE
Lot size
0.63 AC
Property size (Sq ft)
5,190 SF
Zone code
MUPD
Property type
Retail properties
Property subtype
Community centers
APN
00-41-42-31-01-001-0020
APU
414231010010020

Description

This single-story, 868-square-foot office space is located in a thriving retail center at the southeast corner of Orange Blvd and Seminole Pratt Whitney Rd in Loxahatchee (West Palm Beach), Florida. Built in 2012, this traditional office space is part of a multi-tenant building (APN: 00-41-42-31-01-001-0020) and currently has one suite available. The property benefits from a strong anchor tenant, Walgreens, including its adjacent Walgreens Wine, Beer & Spirits location. Other co-tenants include Papa Johns and All Yours Hair & Nail Salon, providing a diverse and established tenant mix. The location enjoys excellent visibility and accessibility due to its prominent corner location. The surrounding area boasts a high concentration of desirable amenities, including Publix, McDonald's, and AutoZone, further enhancing the property's appeal. The average household income within a one-mile radius is a substantial $112,281, indicating a strong and affluent demographic. This presents a unique opportunity for businesses seeking a well-located and established office space in a high-income area. The property offers excellent potential for growth and profitability.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,345,461
    6.5%
    $2,165,041
    7%
    $2,010,395
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,638,260
    Geo Method
    $3,638,260
  • Alternative Use

    Use
    Valuation
    Residential
    $1,826,293
    Hospitality
    $1,672,874
    Educational
    $1,391,812
    Medical
    $1,439,678
    Retail
    $2,165,041
15910 Orange Blvd, Loxahatchee, Florida

Location Insight

City
Loxahatchee
County
Palm Beach
State
Florida
Latitude
26.7794
Longitude
-80.2933
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
$29,346
$626,640
$1,060,266
$1,686,906
-
$626,640
$1,060,266
$1,686,906

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