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    312 Clematis St | West Palm Beach, FL 33401 West Palm Beach, FL 33401

    Sponsored
    For Lease
    $40 SF/Yr

    23,078 rentable square feet of retail and office space

    Lot size:
    16,225 SF

    Property Features for 312 Clematis St | West Palm Beach, FL 33401

    General Information

    Property type
    Residential offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,225 SF
    Elevators
    N/A
    Total Rate
    54083.33

    Amenities

    Building Details

    Year Built
    1925

    Overview

    Iconic Retail and Office Space

    The Anthony Building offers 23,078 rentable square feet of retail and office space for lease. This five-story building is located directly on Historic Clematis Street in Downtown West Palm Beach. The ground floor features retail space. The upper floors offer conventional and loft-style office spaces, complete with original hardwood flooring and a variety of layouts to accommodate both single-tenant and multi-tenant configurations. Two of the office floors span the entire footprint of the building, while the penthouse floor occupies approximately 40% of the footprint on the south end and includes a spacious rooftop patio, accented by three sets of French doors. The Anthony Building offers flexible leasing options and tenants will enjoy being part of a high-energy, walkable district surrounded by dining, entertainment, and lifestyle amenities, as well as benefiting from the thriving "Wall Street South" migration trends that are fueling new development and growth in the area. The building’s historic façade, with its three-story decorative columns, carved concrete architectural details, and gold-leafed lettering, provides an unmatched street presence in this sought-after location. The building is located in the thriving West Palm Beach CBD, just one block from US-1 and 1.5 miles from I-95, offering close proximity to key landmarks such as the Palm Beach County Courthouse, Cityplace, and The Waterfront. With a Walk Score of 98 and convenient access to public transportation, including the Brightline High-Speed Rail station.

    We can help!

    Listing Contact
    C. Todd Everett

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential offices

    Map

    City
    West Palm Beach
    State
    Florida

    FAQs

    What type of property is this?
    Residential office - 23,078 rentable square feet of retail and office space
    Where is this residential office located?
    The property is located at 312 Clematis St | West Palm Beach, FL 33401 West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features:
    (561) 414-8567
    Request Owner's contact information
    312 Clematis St | West Palm Beach, FL 33401 West Palm Beach, FL 33401
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    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
    312 Clematis St | West Palm Beach, FL 33401 West Palm Beach, FL 33401
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    We can help!
    Listing Contact
    C. Todd Everett
    (561) 414-8567
    Learn more
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