Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1402 Royal Palm Beach Blvd Royal Palm Beach, FL 33411

    Sponsored
    For Lease
    $1,500,000

    Free Standing,Medical,Office Space,Office/Professional,Office/Retail

    Property size:
    3,864 SF
    Lot size:
    0.02 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 7 at 1:06 am

    Property Features for 1402 Royal Palm Beach Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    17
    APN
    72414323160000030
    Interior features
    10 foot ceilings
    Size
    3,864 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Expense value
    4748
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    Lake, Navigable, Waterfront
    Water front
    1

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Stucco
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Patrick P Kavanagh
    Patrick P Kavanagh

    RE/MAX Prestige Realty (561) 932-0444

    Listing agent Patrick P Kavanagh (561) 932-0444

    Listing date Jan 12, 2026

    MLS# RX-11153532 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Royal Palm Beach Office Building

    This free-standing office building is located in Royal Palm Beach. The property has 3,864 square feet of space and sits on a 0.02-acre lot. It is zoned for use as an office, medical office, or office/retail space. The building features four new A/C units installed in 2023 and a new roof installed in 2024. There is ample parking available, and the location offers convenient access to shopping and restaurants. Current tenants with a 19-year history at the property are already in place and will sign a long-term lease for half of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.228059
    Latitude
    26.710044

    Nearby Similar for Lease

    • New
      $599,900
      1,230 SF

      Boutique Office Space Available

      Turnkey office suite with executive offices and collaboration space.
      9200 Belvedere Rd, Royal Palm Beach, FL 33411
      View Details
    • New
      $6,000 /Mo
      1,230 SF

      Royal Palm Beach Boutique Office

      Sophisticated, furnished office suite with private offices and collaboration space.
      9200 Belvedere Rd, Royal Palm Beach, FL 33411
      View Details
    • $28 SF/Yr
      19,274 SF

      Royal Palm Beach Office Space

      Office spaces available in well-maintained building on Okeechobee Boulevard.
      11440 Okeechobee Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing

      Retail Space in Royal Palm Beach

      Retail spaces available in high-traffic Royal Palm Beach power center.
      Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      232,727 SF

      Coral Sky Plaza Retail Space

      Prime Royal Palm Beach Shopping Center Space Available
      510 State Road 7, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      15,142 SF

      Prime Retail Space Available

      Retail space with high visibility and convenient access.
      9701 Belvedere Rd, Royal Palm Beach, FL
      View Details
    • Contact for pricing
      7,020 SF

      Royal Palm Beach Retail Center

      7,020 SF Retail Space Available
      11001 Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      129,344 SF

      Royal Palm Beach Retail Center

      Publix-anchored, high-traffic retail space.
      1100 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      11,672 SF

      Retail Space at Busy Intersection

      Retail space in Royal Palm Beach with high traffic volume.
      10101-10463 Blvd S, Royal Palm Beach, FL
      View Details
    • Contact for pricing

      Mixed-Use Development in Royal Palm

      50-acre mixed-use development with retail space for lease.
      & SR-7 Okeechobee Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      1,289 SF

      Royal Palm Beach Retail Opportunity

      Retail space available in Royal Palm Beach power center.
      501-543 N State Road 7, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      5,760 SF

      Restaurant Space with Outdoor Patio

      Second generation restaurant space with abundant parking and high traffic.
      1001 N State Road 7, Royal Palm Beach, FL 33411
      View Details

    FAQs

    What type of property is this?
    Office building - Free-standing office building with long-term tenants in place.
    Where is this office building located?
    The property is located at 1402 Royal Palm Beach Blvd Royal Palm Beach, FL.
    What are key features of this property?
    This property features: - Free-standing office building.; - Excellent location in the heart of Royal Palm Beach, near shopping and restaurants.; - Long-term lease agreement in place with current tenants for half the building, providing immediate income.
    (561) 932-0444
    Request Owner's contact information
    1402 Royal Palm Beach Blvd Royal Palm Beach, FL 33411
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1402 Royal Palm Beach Blvd
    Royal Palm Beach, FL 33411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1402 Royal Palm Beach Blvd Royal Palm Beach, FL 33411
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick P Kavanagh
    Patrick P Kavanagh
    (561) 932-0444
    Learn more
    Google sign-in failed. Please try again or use another login method.