Add Listing
    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

    525 Okeechobee Blvd West Palm Beach, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office space for rent in West Palm Beach.

    Type:OFFICE
    Property size:
    12,342 SF
    Lot size:
    1.25 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    226
    Last Refresh:
    Apr 1 at 11:55 pm

    Property Features for 525 Okeechobee Blvd

    General Information

    Standard status
    Active
    Size
    12,342 SF
    Lot size
    1.25 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 525 Okeechobee Blvd Contact us

    We can help!

    Listing Contact
    Kevin Landers
    Kevin Landers

    Listing agent Kevin Landers

    Listing office Cushman & Wakefield | West Palm Beach

    Listing date Aug 21, 2025

    Source Moodyscre

    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 Cushman & Wakefield | West Palm Beach

    Overview

    Class A Office Space

    This Class A office building is situated in the heart of the West Palm Beach CBD, within the 72-acre City Place Mixed-Use project. Office spaces are available on floors 7 through 17. The property offers 12,342 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WPB90, INC Loan Service Wulf Henry S Law Firm Berman Earl J ... Physician Dr. Evan Peck, ... Physician Lauren Levanduski, FNP Physician

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center Kitchen & Bath Showroom

    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
    -80.0565
    Latitude
    26.7065

    Nearby Similar for Lease

    • Contact for pricing

      Salon Chairs in Prime Location

      Salon chairs for lease in established West Palm Beach spa.
      120 S Dixie Hwy, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Versatile Commercial Space in Westgate

      Premier commercial destination with showroom, offices, and warehouse.
      4050 Westgate Avenue, West Palm Beach, FL 33409
      View Details
    • Contact for pricing

      Luxury Serviced Offices in Florida

      Class A office suites in Downtown West Palm Beach for rent.
      515 N Flagler Dr, West Palm Beach, FL 33401
      View Details
    • $45/mo

      West Palm Beach Flex Space

      Freestanding commercial building in a rapidly growing corridor.
      2300 N Dixie Highway, West Palm Beach, FL 33407
      View Details
    • $26/mo

      West Palm Beach Retail Spaces

      Retail spaces available for lease in West Palm Beach, FL.
      3111 45th Street, West Palm Beach, FL 33407
      View Details
    • Contact for pricing

      West Palm Beach Commercial Condo

      2200 sq ft office and warehouse space for rent.
      4401 Annette Street, West Palm Beach, FL 33409
      View Details
    • $2,400,000/mo

      West Palm Beach Retail Center

      Retail strip center with frontage on Dixie Highway.
      3412 S Dixie Highway, West Palm Beach, FL 33405
      View Details
    • Contact for pricing

      West Palm Beach Warehouse Condo

      Versatile warehouse with office, elevator access, and car wash.
      2755 Vista Parkway, West Palm Beach, FL 33411
      View Details
    • Contact for pricing

      Versatile Flex Space with Mezzanine

      1300 SF flex space in light industrial park.
      1000 Stinson Way, West Palm Beach, FL 33411
      View Details
    • $1,200,000/mo

      West Palm Beach Multifamily Investment

      Well-maintained 5-unit multifamily property in a desirable West Palm Beach location.
      1913 Division Avenue, West Palm Beach, FL 33407
      View Details
    • Contact for pricing

      Palm Beach Gardens Flexible Workspace

      Professional coworking and office solutions in Palm Beach Gardens.
      2000 Pga Boulevard, Palm Beach Gardens, FL 33408
      View Details
    • $2,299,000/mo

      West Palm Beach Retail Plaza

      Commercial retail plaza in West Palm Beach, Florida.
      1225 N Military Trail, West Palm Beach, FL 33409
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space for rent in West Palm Beach.
    Where is this office building located?
    The property is located at 525 Okeechobee Blvd West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $85 SF/Yr.
    What are key features of this property?
    This property features: Class A office building.; Located in the heart of the West Palm Beach CBD.; Within the 72‑acre City Place Mixed‑Use project.
    (561) 227-2020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Landers
    Kevin Landers
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!