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    Office/Warehouse Flex Space Available Title is generated by Realmo AI

    1520 Latham Rd 2, West Palm Beach, FL 33409

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    For Lease
    $2,500/Mo $31 SF/Yr (calc)

    960 SF flex space with office and warehouse areas.

    Type:Commercial
    Property size:
    960 SF
    Added:
    Apr 23, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 23 at 4:00 am

    Property Features for 1520 Latham Rd 2

    General Information

    Standard status
    Active
    Size
    960 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Hannah Cain

    Listing agent Hannah Cain License #3643806

    Listing office Florida Capital Realty

    Listing date Apr 23, 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 Florida Capital Realty

    HighLights

    • Versatile 960 sq ft flex space suitable for office, warehouse, or various business types.
    • Includes air‑conditioned office space, private bathroom, and rear warehouse area.
    • Warehouse features 12‑foot ceilings and concrete flooring.
    • Convenient 24‑hour access and on‑site management.
    • Warehouse bay doors measuring 9' (W) x 10' (H).
    • Gross Lease, 12‑month preferred.

    Overview

    This 960 square foot flex space features an air-conditioned office, a private bathroom, and a rear warehouse area. The office space includes drop ceilings and tile floors. The warehouse has 12-foot ceilings and concrete flooring. The warehouse bay doors measure 9 feet in width and 10 feet in height. The property is suitable for various uses, including office space, contractors, e-commerce businesses, fitness centers, wellness centers, and photography and video production studios. The lease is a gross lease, with a 12-month term preferred. On-site management is available, and the property offers 24-hour access. Tenants are responsible for utilities. The location has a bike score of 57, indicating it is bikeable, a walk score of 67, indicating it is somewhat walkable, and a transit score of 36, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Blue Mahoe Organics (Bike/Boat/Book/etc) Store Love Electrical Solutions, ... Electrical Service Norris Towing Auto Repair Shop OUTFRONT Media Media Distribution Everything Vending Big Box & Wholesale Store

    Suggested Use

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

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

    Similar Places Nearby

    • Gourmet Galaxy — 1705 Donna Rd #5, West Palm Beach, FL 33409
    • La Bayamesa - Food Truck — 1541 Belvedere Rd, West Palm Beach, FL 33401

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0823954
    Latitude
    26.6990086

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    FAQs

    What type of property is this?
    Flex space - 960 SF flex space with office and warehouse areas.
    Where is this flex space located?
    The property is located at 1520 Latham Rd 2 West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Versatile 960 sq ft flex space suitable for office, warehouse, or various business types.; Includes air‑conditioned office space, private bathroom, and rear warehouse area.; Warehouse features 12‑foot ceilings and concrete flooring.
    (561) 679-5115
    We can help!
    Listing Contact
    Hannah Cain
    Real Estate License ID: 3643806
    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.

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