Two-Building Flex Industrial
1200 Clare Avenue West Palm Beach, FL 33401
For Sale
Contact for pricing
Freestanding two-building property with office space, loading area, and storage, totaling approximately 4,040 SF.
Property Size2,080 SF
Price / SF$1,153
Days on Market135
Property Features for 1200 Clare Avenue
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1987
Listing Agency:
Douglas Elliman (Palm Beach)
(646) 262-3758
Listed By:
Gloria Giudici · License #3372813
Source:
Crexi
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 12:19PM
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 Douglas Elliman (Palm Beach)
Investment Insights
Based on property information with market context.
This freestanding two-building commercial property is designed for flexible industrial and office use. The front building includes a large first-floor front office with a half bath and a spacious second-floor office with a full bath. Its rear portion has a loading area, full bathroom, storage, and utility space, along with additional second-floor storage.
The back building provides office space, open work areas, storage, and a full bath on the first floor, with a larger second-floor storage or work area above. Together, the two buildings offer approximately 4,040 SF of combined space.
The property is located in West Palm Beach’s Warehouse District, just steps from Grandview Market, with quick access to Downtown West Palm Beach, Palm Beach Island, and I-95.
The back building provides office space, open work areas, storage, and a full bath on the first floor, with a larger second-floor storage or work area above. Together, the two buildings offer approximately 4,040 SF of combined space.
The property is located in West Palm Beach’s Warehouse District, just steps from Grandview Market, with quick access to Downtown West Palm Beach, Palm Beach Island, and I-95.
Key Highlights
- Freestanding two‑building commercial property in West Palm Beach’s Warehouse District
- Total approx. 4,040 SF (front approx. 2,080 SF; back approx. 1,960 SF)
- Front building includes large front office with 1st‑floor half bath and a 2nd‑floor office with full bath
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 | $114.8k | $55.20 |
| − Vacancy | −$18.1k | −$8.72 |
| EGI | $96.7k | $46.48 |
| − OpEx | −$24.2k | −$11.62 |
| NOI | $72.5k | $34.86 |
2,080 SF · lease $55.20/SF/yr · vacancy 15.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$906.3K – $1.21M
NOI $72,506 @ 7.0% cap · market cap 3.02%
Second Best
Warehouse
$331.0K
$289.6K – $386.1K
NOI $23,168 @ 7.0% cap · market cap 0.97%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,540 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Christafaro's
Take-out & Catering
Similar Off Market Nearby
- La Bayamesa - Food Truck — 1541 Belvedere Rd, West Palm Beach, FL 33401
- Christafaro's — 1200 Clare Ave, West Palm Beach, FL 33401
- Orqa Health — 1211 Old Okeechobee Rd, West Palm Beach, FL 33401
- CHEF CESART LLC — 700 S Rosemary Ave Suite 204-188, West Palm Beach, FL 33401
- Simply Foods — 1253 Old Okeechobee Rd B9, West Palm Beach, FL 33401
FAQs
What type of property is this?
Flex space - Freestanding two-building property with office space, loading area, and storage, totaling approximately 4,040 SF.
Where is this flex space located?
The property is located at 1200 Clare Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding two‑building commercial property in West Palm Beach’s Warehouse District; Total approx. 4,040 SF (front approx. 2,080 SF; back approx. 1,960 SF); Front building includes large front office with 1st‑floor half bath and a 2nd‑floor office with full bath
