Freestanding Two-Building Flex
For Sale
$2,300,000
1200 Clare Avenue, West Palm Beach, FL 33401
COMMERCIAL - West Palm Beach, FL
Property Size2,080 SF
Lot Size0.15 Acres
Price / SF$1,105
Days on Market147
Property Features for 1200 Clare Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I (city)
Parking
10
Subdivision
5430
Standard status
Active
APN
74434328090060300
Size
2,080 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SADLERS BONNYVIEW ADD LTS 30 & 31 LINCOLN
Tax Annual Amount
27617
Legal Description
SADLERS BONNYVIEW ADD LTS 30 & 31 LINCOLN
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Tile, Concrete
Building materials
Block, Concrete, Stucco
Listing Agency:
Douglas Elliman
(561) 655-8600
Listed By:
Gloria Giudici · License #3514951
(561) 801-1535
Added: Mar 11
Changed: Jul 31
Last Checked: Aug 3 at 11:06PM
MLS# B26001285
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.
Investment Insights
Based on property information with market context.
Freestanding two-building flex space in West Palm Beach’s Warehouse District with a mix of first-floor offices, open work areas, loading support, bathrooms, and storage. The front building is approximately 2,080 SF and includes a large front office with a half bath on the first floor, plus a spacious second-floor office with a full bath. The rear portion features a loading area, full bathroom, storage, utility space, and additional second-floor storage. The back building is approximately 1,960 SF with office space, open work areas, storage, and a full bath on the first floor, along with a large second-floor storage or work area above. Total space is approximately 4,040 SF.
Construction is block with concrete and stucco. Flooring includes tile and concrete, with heating provided by wall furnaces and central systems, and cooling via central air, window units, and wall/window units. Year built is 1987, with public water and public sewer, and cable available.
The property is zoned I (city) and offers convenient access to West Palm Beach destinations and I-95, and is described as located just steps from Grandview Market.
Construction is block with concrete and stucco. Flooring includes tile and concrete, with heating provided by wall furnaces and central systems, and cooling via central air, window units, and wall/window units. Year built is 1987, with public water and public sewer, and cable available.
The property is zoned I (city) and offers convenient access to West Palm Beach destinations and I-95, and is described as located just steps from Grandview Market.
Key Highlights
- 0.15‑acre lot zoned I (city)
- Front building approx. 2,080 SF with office and half bath
- Rear/front loading area plus full bathroom, storage, and second‑floor storage
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 3.15%
Second Best
Warehouse
$331.0K
$289.6K – $386.1K
NOI $23,168 @ 7.0% cap · market cap 1.01%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,540 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,790
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Zoned I (city), this freestanding two-building flex property includes office space, loading area, storage, and public utilities.
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 $2,300,000.
What are key features of this property?
This property features: 0.15‑acre lot zoned I (city); Front building approx. 2,080 SF with office and half bath; Rear/front loading area plus full bathroom, storage, and second‑floor storage
