Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Palm Beach Office Space Title is generated by Realmo AI

    400 Executive Center Drive 209, West Palm Beach, FL 33401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space with shared amenities in West Palm Beach.

    Type:Office, Land
    Property size:
    2,768 SF
    Price / SF:
    $2/SF
    Added:
    Feb 20, 2025
    Days on Market:
    448
    Last Refresh:
    Mar 19 at 11:36 pm

    Property Features for 400 Executive Center Drive 209

    General Information

    Standard status
    Active
    Size
    2,768 SF
    Property subtype
    Office, Land

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Blake Rayner
    Blake Rayner

    Listing agent Blake Rayner License #3438544

    Listing office Compass Florida LLC

    Listing date Feb 20, 2025

    Source Crexi

    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 Compass Florida LLC

    HighLights

    • Central West Palm Beach location
    • Private entrance on the second floor
    • Use of receptionist included in base rent
    • Shared conference room access on the first floor
    • One covered parking space included
    • Kitchen/breakroom (convertible to office space)

    Overview

    Located in Central West Palm Beach, this property offers office space on the second floor with a private entrance at the rear of the building. The tenant has access to the main entrance and receptionist on the first floor. The 2768 square foot space includes two private offices, a kitchen/breakroom equipped with cabinets and a refrigerator that can be used as a third office or small conference room, and a bathroom with a shower. An IT closet and conference room are located on the first floor and are shared with the property owner. Use of the receptionist and conference room are included in the base rent. One covered parking space is available for the second-floor tenant. All CAM charges are shared with the new tenant.
    Location Intelligence

    Current Use by Public Records

    Palm Beach Orthodontics, ... Dental Office Massey Clark Fischer ... Insurance Agency Fishcer Eric J Insurance Agency Thomas C Mangum Insurance Agency MindHealing Institute Life Coach

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    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
    -80.0782742
    Latitude
    26.7136417

    Nearby Similar for Sale

    • $399,900
      1,156 SF

      West Palm Beach Medical/Commercial Space

      Versatile medical/commercial space near amenities and transportation.
      1501 Presidential Way, West Palm Beach, FL
      View Details
    • $5,900,000
      25,646 SF

      Premier Office Building For Sale

      Prime office building in the heart of Palm Beach County.
      2240 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
      View Details
    • $800,000
      3,168 SF

      Income-Producing Multifamily Property

      Multifamily property with strong rental history in West Palm Beach.
      1675 E Breezy Lane, West Palm Beach, FL 33417
      View Details
    • $550,000
      1,710 SF

      Income-Producing Duplex in West Palm

      Duplex with tenant-occupied unit, updated kitchens, and large backyard.
      4727 Myrtle Lane, West Palm Beach, FL 33417
      View Details
    • $20,000,000
      5,452 SF

      Downtown West Palm Beach Redevelopment

      Prime redevelopment portfolio in Downtown West Palm Beach, Florida.
      401 N Rosemary Avenue, West Palm Beach, FL 33401
      View Details
    • $3,450,000
      4,418 SF

      West Palm Beach Retail Assemblage

      1.14-acre retail development site with income and utilities.
      1370 S Military Trail, West Palm Beach, FL 33415
      View Details
    • $2,300,000
      2,080 SF

      West Palm Beach Commercial Property

      Two-building commercial property in West Palm Beach's Warehouse District.
      1200 Clare Avenue, West Palm Beach, FL 33401
      View Details
    • $949,900
      3,069 SF

      West Palm Beach Multifamily Opportunity

      Multifamily property in a growing area, close to amenities.
      3621 Morton Avenue, West Palm Beach, FL 33405
      View Details
    • $250,000
      649 SF

      Downtown West Palm Beach Office

      Office suite in a central, high-visibility West Palm Beach location.
      120 S Olive Avenue, West Palm Beach, FL 33401
      View Details
    • $995,000
      2,603 SF

      West Palm Beach Duplex

      Duplex with income potential in West Palm Beach, Florida.
      4391 Potomac Avenue, West Palm Beach, FL 33406
      View Details
    • $2,999,000
      5,245 SF

      Freestanding Office Building For Sale

      Two-story office building with high visibility and convenient access.
      1300 Old Congress Avenue, West Palm Beach, FL
      View Details
    • $325,000

      Vacant Land in West Palm

      Cleared land in the heart of West Palm Beach.
      614 5th Street, West Palm Beach, FL 33401
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with shared amenities in West Palm Beach.
    Where is this office units located?
    The property is located at 400 Executive Center Drive 209 West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Central West Palm Beach location; Private entrance on the second floor; Use of receptionist included in base rent
    (561) 252-2208 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Blake Rayner
    Blake Rayner
    Real Estate License ID: 3438544
    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

    Thank You for Inquiry
    400 Executive Center Drive 209, West Palm Beach, FL 33401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!