Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

1101 Northpoint Pkwy

West Palm Beach, FL 33407  ·  Warehouse/Distribution  ·  Folio 74434306100000230
Building
35,996
square feet
Lot
118,631
2.72 acres
Year built
1988
38 years old
Assessed value
$6,509,758
$181/SF assessed

Ownership and recorded sale history

Owner of recordCHENEY BROS INC
Entity statusActive — Florida Division of Corporations
Last recorded sale2022 — $5,100,000
At that sale$142/SF
Years since4 years
Palm Beach County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Broadway / North Dixie

Recorded transactions for industrial properties in the Broadway and North Dixie Highway corridor, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2025
Median price/SF
$149
$16 – $341
Median size
30,918
square feet
Median vintage
1996
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $181/SF. Recorded sales of industrial properties in Broadway / North Dixie since 2021 have a median of $149/SF, across a range of $16/SF to $341/SF.

Across those 8 recorded sales, the median sale price came in at 0.88× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

By footprint it sits in roughly the 69th percentile of industrial properties that have traded in this corridor — 4 of the 13 recorded sales were of larger buildings.

The assessment works out 21% above the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1501 Northpoint Pkwy
Warehouse/Distribution
69,55319882025$12,250,000$176
2656 Electronics Way
Light Manufacturing
13,86019792025$1,850,000$133
5205 Tylerlakes Blvd
Warehouse/Distribution
12,37620042024$4,225,000$341
1100 25TH St
Warehouse/Distribution
76,50019692022$12,230,000$160
5483 Leeper Dr
Warehouse/Distribution
34,80020152022$4,800,000$138
5479 Leeper Dr
Warehouse/Distribution
53,55020042021$5,750,000$107
3220 45TH St
Warehouse/Distribution
27,03720052021$4,325,000$160
946 26TH St
Light Manufacturing
19,83819812021$310,000$16
Recorded sale prices from Palm Beach County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Palm Beach County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 74434306100000230." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.