Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    1617 Embassy Dr West Palm Beach, FL 33401

    Sponsored
    For Sale
    $1,750,000

    Commercial Land, Commercial,Multi-Family Med Den - West Palm Beach, FL

    Lot size:
    0.87 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 15 at 3:06 pm

    Property Features for 1617 Embassy Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF32(c
    APN
    74434317070000190
    Exterior features
    None
    Lot size
    0.87 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lauren Nicole Mathews
    Lauren Nicole Mathews

    Douglas Elliman Florida LLC (561) 655-8600

    Listing agent Lauren Nicole Mathews (561) 653-6100

    Listing date Feb 13, 2026

    MLS# RX-11163572 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

    West Palm Beach Land Opportunity

    This property features two contiguous parcels totaling approximately 38,099 square feet, or 0.87 acres, located within the Lands of the President community in West Palm Beach. The zoning is MF32, Multifamily High Density, according to the City of West Palm Beach. This zoning allows for potential development of up to 32 dwelling units per acre, pending site plan approval and verification. Preliminary concept studies suggest the feasibility of constructing a 3-story residential development with up to 28 units, including structured or surface parking. The property has frontage on Embassy Drive and is centrally located near the Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.083357
    Latitude
    26.728795

    Nearby Similar for Sale

    • $3,600,000
      9,828 SF

      Singer Island Quadplex Investment Opportunity

      Turnkey quadplex near beach with strong rental income potential.
      1100 Cabana Rd, West Palm Beach, FL 33404
      View Details
    • $1,175,000
      2,586 SF

      West Palm Beach Quadplex Opportunity

      Fully rented, renovated quadplex in West Palm Beach.
      3808 Broadway, West Palm Beach, FL 33407
      View Details
    • $250,000
      649 SF

      West Palm Beach Commercial Condo

      Office suite in downtown West Palm Beach with high visibility.
      120 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • $975,000
      0.32 Acres

      West Palm Beach Commercial Property

      Commercial property with frontage on Military Trail in West Palm.
      1500 S Military Trl, West Palm Beach, FL 33415
      View Details
    • $975,000
      0.32 Acres

      West Palm Beach Commercial Property

      Commercial property in high-traffic area on Military Trail.
      1500 S Military Trl, West Palm Beach, FL 33415
      View Details
    • $799,000
      3,746 SF

      West Palm Beach Quad Plex

      Unique investment opportunity near Downtown West Palm Beach.
      West Palm Beach, FL 33401
      View Details
    • $2,300,000
      4,540 SF

      West Palm Beach Quad Plex

      Turnkey multifamily property near I-95 with strong cash flow.
      220 Walton Blvd, West Palm Beach, FL 33405
      View Details
    • $945,000
      3,430 SF

      West Palm Beach Quadplex Opportunity

      Income-producing property near NORA development, turnkey and furnished.
      904 4Th St, West Palm Beach, FL 33401
      View Details
    • $1,150,000
      3,500 SF

      Versatile Industrial Condo with Office

      2,500 SF ground floor plus 1,000 SF mezzanine.
      5401 N Haverhill Rd, West Palm Beach, FL 33407
      View Details
    • New
      $165,000

      Profitable Nail Salon Business Opportunity

      Turnkey nail salon business for sale in West Palm Beach.
      Undisclosed, West Palm Beach, FL
      View Details
    • $1,395,000
      2,420 SF

      West Palm Beach Industrial Building

      2420 SF industrial building suitable for automotive or warehouse use.
      1420 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • New
      $439,000
      1,610 SF

      West Palm Beach Duplex

      Vacant duplex with impact windows and new roof.
      1133 W 28Th St, West Palm Beach, FL 33404
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two contiguous parcels totaling 0.87 acres in West Palm Beach.
    Where is this residential land & home lot located?
    The property is located at 1617 Embassy Dr West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Large contiguous parcels totaling approximately 38,099 sq ft (0.87 acres) in the Lands of the President community.; - Zoned MF32 - Multifamily High Density, allowing up to 32 dwelling units per acre (subject to approval).; - Potential for a 3-story residential development of up to 28 units.
    (561) 653-6195
    Request Owner's contact information
    1617 Embassy Dr West Palm Beach, FL 33401
    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.
    1617 Embassy Dr
    West Palm Beach, FL 33401
    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
    1617 Embassy Dr West Palm Beach, FL 33401
    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
    Lauren Nicole Mathews
    Lauren Nicole Mathews
    Real Estate License ID: SL3313755
    (561) 653-6195 (561) 629-3416 (561) 653-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.