120 S Olive Avenue, West Palm Beach, FL 33401
SINGLE_FAMILY - West Palm Beach, FL
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 120 S Olive Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- CWD-CD (city)
- Standard status
- Active
- APN
- 74434322400007030
- Size
- 1,015 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GUARANTY BUILDING CONDOMINIUM UNIT 703 IN OR28162P1020
- Tax Annual Amount
- 6612
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 1
- Flooring type
- Vinyl, Laminate
- Building materials
- CBS
- Roof type
- Built-Up
Listing agent Christine Velez License #674035 (561) 310-3048
Listing office Higher Standards Real Estate 1018 N B Street, Boynton Beach, FL (561) 855-8449
Listing date Jun 19, 2026
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Unique commercial office condo in the historic Guaranty Building in downtown West Palm Beach
- More than 1,000 SF office space with vinyl and laminate flooring
- Renovations completed within the past five years, including installation of a new HVAC system
- Central air conditioning; CBS construction materials; built‑up roof
- Served by public water and public sewer
- Close to Brightline, Tri‑Rail, and I‑95; Palm Beach International Airport about a 10‑minute drive
Overview
Situated in the heart of downtown West Palm Beach at 120 S Olive Avenue, the property offers walkable access to the waterfront and a range of dining, shopping, entertainment, and cultural options. Commuters benefit from proximity to Brightline, Tri-Rail, and I-95. Palm Beach International Airport is described as about a 10-minute drive.
The suite can work well for professional offices looking for a distinctive setting for clients and teams, particularly for users who value a renovated interior while maintaining the historic building experience. As an owned office condo, it also provides an ownership structure for those evaluating a downtown office asset in the Guaranty Building.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $55.20 |
| − Vacancy | −$8.9k | −$8.72 |
| EGI | $47.2k | $46.48 |
| − OpEx | −$11.8k | −$11.62 |
| NOI | $35.4k | $34.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.051694
- Latitude
- 26.712517
