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

    313 Datura St W Palm Beach, FL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $37 SF/Yr ($15,015 /Mo)

    Office space available for rent in West Palm Beach.

    Property size:
    4,870 SF
    Lot size:
    0.24 Acres

    Property Features for 313 Datura St W

    General Information

    Size
    4,870 SF
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    David W. Knott
    Source: Moodyscre

    Listing Agent: David W. Knott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space in West Palm

    This office space, located in West Palm Beach, Florida, offers a functional layout suitable for various business needs. The 4,870 square-foot space features nine perimeter offices, a conference room, and a large open area. It also includes a kitchenette and two restrooms. The intended use of this property is for office space.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0364297
    Latitude
    26.7056206

    Nearby Similar for Lease

    • $5,750,000
      3,680 SF

      Renovated Multifamily Building Near Ocean

      Fully renovated, 8-unit multifamily building one block from the Ocean.
      212 Oleander Ave, Palm Beach, FL 33480
      View Details
    • $11,800,000
      4,213 SF

      Mixed-Use Property in Palm Beach

      Commercial and residential property in a prime Palm Beach location.
      255 Royal Poinciana Way, Palm Beach, FL 33480
      View Details
    • $8,500 /Mo
      7,405 SF

      Palm Beach Retail Space Available

      In-town commercial building with ground floor retail space.
      361 S County Rd, Palm Beach, FL 33480
      View Details
    • Contact for pricing

      Palm Beach Class A Office

      Ideally located office space with destination restaurant and covered parking.
      223 Sunset Ave, Palm Beach, FL 33480
      View Details
    • $32 SF/Yr
      290 SF

      Iconic Clematis Street Office Space

      Renovated office space in vibrant downtown West Palm Beach.
      312-330 Clematis St W, Palm Beach, FL
      View Details
    • $27 SF/Yr
      4,280 SF

      Furnished Office Sublease Opportunity

      Fully furnished office sublease with multiple private offices and workstations.
      11811 Us 1 N, Palm Beach, FL
      View Details
    • $45 SF/Yr
      8,962 SF

      West Palm Beach Office Space

      Office space in the heart of West Palm Beach.
      218 Datura St W, Palm Beach, FL
      View Details
    • Contact for pricing
      2,704 SF

      Retail Space in New Development

      New retail development serving a growing residential area.
      12750 Northlake Blvd, Palm Beach, FL
      View Details
    • $115 SF/Yr

      Prime Palm Beach Mixed-Use Property

      Rare opportunity with commercial and residential spaces in Palm Beach.
      255 Royal Poinciana Way, Palm Beach, FL 33480
      View Details
    • $7 SF/Yr
      19,500 SF

      Royal Palm Way Office Suite

      Prime Office Space - Available Now
      180 Royal Palm Way, Palm Beach, FL 33480
      View Details
    • $40 SF/Yr
      4,313 SF

      Furnished Office Space with Views

      Furnished office space with ocean and Intracoastal Waterway views.
      1515 N Flagler Dr W, Palm Beach, FL 33480
      View Details
    • $3,000 /Mo

      Furnished Penthouse in 55+ Community

      Fully furnished penthouse available off-season in a 55+ community.
      3030 S Ocean Blvd S 652, Palm Beach, FL 33480
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for rent in West Palm Beach.
    Where is this office space located?
    The property is located at 313 Datura St W Palm Beach, FL.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - 9 perimeter offices; - Conference room for meetings; - Large open area
    (561) 662-5758
    Request Owner's contact information
    313 Datura St W Palm Beach, FL
    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.
    313 Datura St W
    Palm Beach, FL
    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
    313 Datura St W Palm Beach, FL
    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
    David W. Knott
    (561) 662-5758
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.