Flex Space with Photo
1142 Old Okeechobee Road 10 12-13, West Palm Beach, FL 33401
For Sale
New
Contact for pricing
Two suite configurations offer open work areas, private restrooms and garage-door access.
Property Size2,500 SF
Price / SF$2.55
Days on Market6
Property Features for 1142 Old Okeechobee Road 10 12-13
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Listing Agency:
Touchstone-Webb Realty Co.
(561) 659-5554
Listed By:
Chloe Bailey · License FL #3482050
(561) 801-0229
Source:
Lehmannflorida
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Touchstone-Webb Realty Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Flex space is offered in two configurations. Unit 10 provides 900 square feet of open floor area, a private restroom, mini-split AC, plumbing for sinks and a 10-by-12-foot garage door. Unit 12-13 contains 1,700 square feet, mostly open, with an ADA private restroom, kitchenette, storage loft and photo studio with a cyc wall. It also has two 10-by-12-foot garage doors and 100% HVAC. Unit 10 is available now; Unit 12-13 is scheduled to become available in January 2027.
The property is in the Warehouse District, with access to Palm Beach, Downtown West Palm, I-95 and the airport. Caroline Station, with dining, shopping and entertainment, is also cited nearby.
The property is in the Warehouse District, with access to Palm Beach, Downtown West Palm, I-95 and the airport. Caroline Station, with dining, shopping and entertainment, is also cited nearby.
Key Highlights
- Unit 10: 900 square feet with a private restroom, mini‑split AC and 10‑by‑12‑foot garage door
- Unit 12‑13: 1,700 square feet with ADA restroom, kitchenette and storage loft
- Photo studio in Unit 12‑13 includes a cyc wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,932
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,640
$458.6K
Cap Rate 7%
$327,600
$327.6K
Cap Rate 9%
$254,800
$254.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$36.0K $14.40/SF
− Vacancy
−$3.2K −$1.30/SF
EGI
$32.8K $13.10/SF
− OpEx
−$9.8K −$3.93/SF
NOI
$22.9K $9.17/SF
Area
West Palm Beach, FL
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,640
Cap Rate 7%
$327,600
Cap Rate 9%
$254,800
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,147 @ 7.0% cap
Second Best
Flex RnD
$351.0K
$307.1K – $409.5K
NOI $24,570 @ 7.0% cap
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,245 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in West Palm Beach, FL
Properties on Market for Flex space in West Palm Beach
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two suite configurations offer open work areas, private restrooms and garage-door access.
Where is this flex space located?
The property is located at 1142 Old Okeechobee Road 10 12-13 West Palm Beach, FL.
What are key features of this property?
This property features: Unit 10: 900 square feet with a private restroom, mini‑split AC and 10‑by‑12‑foot garage door; Unit 12‑13: 1,700 square feet with ADA restroom, kitchenette and storage loft; Photo studio in Unit 12‑13 includes a cyc wall
