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150 OCEAN RD
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Location
150 OCEAN RD
Mblu
0/R 20/ 8/ /
Acct#
903
Owner
38 ORG150 NELP OWNER LLC
Assessment
$27,117,200
Appraisal
$27,117,200
PID
837
Building Count
3
Current Value
Appraisal
Valuation Year
Improvements
Land
Total
2024
$24,152,100
$2,965,100
$27,117,200
Assessment
Valuation Year
Improvements
Land
Total
2024
$24,152,100
$2,965,100
$27,117,200
Owner of Record
Owner
38 ORG150 NELP OWNER LLC
Co-Owner
Address
7121 FAIRWAY DRIVE SUITE 410
PALM BEACH GARDENS, FL 33418
Sale Price
$33,250,000
Certificate
Book & Page
6521/1161
Sale Date
12/05/2023
Instrument
1Y
Ownership History
Ownership History
Owner
Sale Price
Certificate
Book & Page
Instrument
Sale Date
38 ORG150 NELP OWNER LLC
$33,250,000
6521/1161
1Y
12/05/2023
AG-EIP 150 OCEAN ROAD LLC
$29,400,000
6190/2365
2A
11/06/2020
EIP OCEAN ROAD LLC
$18,399,600
5353/2588
00
09/07/2012
EQUITY INDUSTRIAL GREENLAND ASSOC
$17,925,000
5016/0363
UNKQ
05/27/2009
NIKE USA INC
$1
3304/2412
06/29/1998
Building Information
Building 1 : Section 1
Year Built:
1980
Living Area:
305,712
Replacement Cost:
$31,026,149
Building Percent Good:
61
Replacement Cost
Less Depreciation:
$18,926,000
Building Attributes
Field
Description
Style:
Warehouse
Model
Industrial
Grade
Good
Stories:
1
Occupancy
1.00
Exterior Wall 1
Pre-finsh Metl
Exterior Wall 2
Concr/Cinder
Roof Structure
Gable/Hip
Roof Cover
Metal/Tin
Interior Wall 1
Minim/Masonry
Interior Wall 2
Interior Floor 1
Concr Abv Grad
Interior Floor 2
Heating Fuel
Oil
Heating Type
Hot Air-no Duc
AC Type
None
Struct Class
Bldg Use
IND WHSES
Total Rooms
Total Bedrms
00
Total Baths
2
1st Floor Use:
4010
Heat/AC
NONE
Frame Type
STEEL
Baths/Plumbing
AVERAGE
Ceiling/Wall
CEIL & MIN WL
Rooms/Prtns
AVERAGE
Wall Height
30.00
% Comn Wall
5.00
Building Photo
Building Layout
Building Sub-Areas (sq ft)
Code
Description
Gross
Area
Living
Area
BAS
First Floor
303,012
303,012
SDA
Store Display Area
2,700
2,700
FGR
Garage, Attached
320
0
306,032
305,712
Building 2 : Section 1
Year Built:
1980
Living Area:
9,384
Replacement Cost:
$1,480,889
Building Percent Good:
64
Replacement Cost
Less Depreciation:
$947,800
Building Attributes : Bldg 2 of 3
Field
Description
Style:
Office Bldg
Model
Commercial
Grade
Average
Stories:
2
Occupancy
1.00
Exterior Wall 1
Pre-finsh Metl
Exterior Wall 2
Glass/Thermo.
Roof Structure
Flat
Roof Cover
Tar&Grvl/Rubbr
Interior Wall 1
Drywall/Sheet
Interior Wall 2
Interior Floor 1
Carpet
Interior Floor 2
Heating Fuel
Oil
Heating Type
Hot Water
AC Type
Central
Struct Class
Bldg Use
IND BLDG MDL-94
Total Rooms
Total Bedrms
00
Total Baths
2
1st Floor Use:
402C
Heat/AC
HEAT/AC SPLIT
Frame Type
STEEL
Baths/Plumbing
AVERAGE
Ceiling/Wall
SUS-CEIL & WL
Rooms/Prtns
AVERAGE
Wall Height
12.00
% Comn Wall
10.00
Building Photo
Building Layout
Building Sub-Areas (sq ft)
Code
Description
Gross
Area
Living
Area
BAS
First Floor
4,692
4,692
FUS
Upper Story, Finished
4,692
4,692
9,384
9,384
Building 3 : Section 1
Year Built:
1996
Living Area:
24,381
Replacement Cost:
$3,623,780
Building Percent Good:
80
Replacement Cost
Less Depreciation:
$2,899,000
Building Attributes : Bldg 3 of 3
Field
Description
Style:
Office Bldg
Model
Commercial
Grade
Average
Stories:
2
Occupancy
1.00
Exterior Wall 1
Pre-finsh Metl
Exterior Wall 2
Glass/Thermo.
Roof Structure
Flat
Roof Cover
Tar&Grvl/Rubbr
Interior Wall 1
Drywall/Sheet
Interior Wall 2
Interior Floor 1
Carpet
Interior Floor 2
Inlaid Sht Gds
Heating Fuel
Gas
Heating Type
Hot Water
AC Type
Central
Struct Class
Bldg Use
IND BLDG MDL-94
Total Rooms
Total Bedrms
00
Total Baths
0
1st Floor Use:
402C
Heat/AC
HEAT/AC PKGS
Frame Type
STEEL
Baths/Plumbing
ABOVE AVERAGE
Ceiling/Wall
SUS-CEIL & WL
Rooms/Prtns
AVERAGE
Wall Height
12.00
% Comn Wall
10.00
Building Photo
Building Layout
Building Sub-Areas (sq ft)
Code
Description
Gross
Area
Living
Area
FUS
Upper Story, Finished
12,276
12,276
BAS
First Floor
8,393
8,393
SDA
Store Display Area
3,712
3,712
CAN
Canopy
619
0
FOP
Porch, Open
252
0
25,252
24,381
Extra Features
Extra Features
Code
Description
Size
Value
Bldg #
LDL2
W/MAN FLIP OUT
20.00 UNITS
$37,800
1
SPR2
WET/CONCEALED
24000.00 S.F.
$97,400
3
SPR2
WET/CONCEALED
9384.00 S.F.
$27,600
2
ELV3
DOVER 2 STOP
1.00 UNITS
$23,800
3
SPR2
WET/CONCEALED
306032.00 S.F.
$899,700
1
ELV3
DOVER 2 STOP
1.00 UNITS
$17,200
2
Land
Land Use
Use Code
4010
Description
IND WHSES
Zone
IND
Neighborhood
Alt Land Appr
No
Category
Land Line Valuation
Size (Acres)
33.39
Frontage
0
Depth
0
Assessed Value
$2,965,100
Appraised Value
$2,965,100
Outbuildings
Outbuildings
Code
Description
Sub Code
Sub Description
Size
Value
Bldg #
MSC9
ELEVTR
1.00 UNIT
$9,800
2
MSC10
F-RM
1800.00 UNIT
$10,800
1
PAV1
PAVING-ASPHALT
100000.00 S.F.
$150,000
1
LT2
W/DOUBLE LIGHT
3.00 UNITS
$5,600
1
MSC19
PUMP HS
256.00 UNIT
$1,500
1
LT3
W/TRIPLE LIGHT
2.00 UNITS
$5,000
1
TNK2
3000-10000 GAL
10000.00 GALS
$70,000
1
FN3
FENCE-6' CHAIN
2100.00 L.F.
$23,100
2
Valuation History
Appraisal
Valuation Year
Improvements
Land
Total
2024
$24,152,100
$2,965,100
$27,117,200
2023
$24,152,100
$2,965,200
$27,117,300
2022
$13,888,700
$2,930,400
$16,819,100
Assessment
Valuation Year
Improvements
Land
Total
2024
$24,152,100
$2,965,100
$27,117,200
2023
$24,152,100
$2,965,200
$27,117,300
2022
$13,888,700
$2,930,400
$16,819,100
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