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    4050 Westgate Ave 106 West Palm Beach, FL 33409

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    For Lease
    $15,000 /Mo

    Versatile commercial space near airport and downtown West Palm Beach.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:40 pm

    Property Features for 4050 Westgate Ave 106

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Jeffrey L Tricoli PA

    Listing agent Jeffrey L Tricoli PA License #3082942

    Listing office Keller Williams Preferred Partners

    Listing date Apr 24, 2026

    Source Elliman

    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 Keller Williams Preferred Partners

    Overview

    West Palm Beach Flex Headquarters

    Located at 4050 Westgate Ave, Units 106-108 in West Palm Beach, this multi-unit suite offers a flexible headquarters solution. The property features a prominent monument sign and a modern facade, leading into a dual-entry professional environment. The ground floor includes an open-concept showroom or collaborative area with polished tile flooring and exposed black ceilings. This level also integrates private, sunlit offices and a warehouse component with high ceilings, heavy-duty industrial racking, and a large roll-up bay door. A professional staircase provides access to a second story, which includes an administrative wing with carpeting and private executive offices. Additional flexible workspaces feature modern wood-look flooring. The suite is equipped with a professional kitchenette featuring grey cabinetry, a chevron-patterned backsplash, and a built-in microwave, as well as ADA-compliant restroom facilities. This space is located minutes from the airport and downtown. The bike score is 57, making it bikeable. The walk score is 67, indicating it is somewhat walkable. The transit score is 36, suggesting some transit options are available.
    Location Intelligence

    Current Use by Public Records

    DEG Univers Multi-Services ... Business To Business Service New Zion - The New ... Church D&T Brothers Woodworker Cabrera Garage Door ... Building Supply Unique Med Healthcare ... Home Health Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Personal Chef Zsolt LLC — 505 Spencer Dr, West Palm Beach, FL 33409
    • Firehouse Subs West Palm Beach — 4047 Okeechobee Blvd # 101, West Palm Beach, FL 33409
    • Air Culinaire Worldwide - Inflight Catering West Palm Beach — 1399 N Military Trl, West Palm Beach, FL 33409
    • Okeechobee Prime Barbecue, Inc. — 1959 Wabasso Dr, West Palm Beach, FL 33409
    • Boozie Bears — 4950 haverhill commons cir, west palm beach, fl 33417

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1040745
    Latitude
    26.7027434

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    FAQs

    What type of property is this?
    Flex space - Versatile commercial space near airport and downtown West Palm Beach.
    Where is this flex space located?
    The property is located at 4050 Westgate Ave 106 West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $15,000 /Mo.
    What are key features of this property?
    This property features: Expansive multi‑unit suite with versatile design, suitable for showroom, collaborative workspace, or traditional office setup.; Integrated warehouse component with soaring ceilings, heavy‑duty industrial racking, and large roll‑up bay door for seamless logistics.; Fully realized second story with private executive offices and flexible workspaces.
    (561) 220-6006
    We can help!
    Listing Contact
    Jeffrey L Tricoli PA
    Real Estate License ID: 3082942
    Learn More
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    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
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