Commercial Office
For Sale
$9,000,000
2701 OKEECHOBEE Boulevard, West Palm Beach, FL
Commercial Sale, West Palm Beach, FL
Property Size9,503 SF
Lot Size1.27 Acres
Price / SF$947.07
Days on Market57
Property Features for 2701 OKEECHOBEE Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
GC (city)
Parking
30
Security features
Security
Subdivision
5410
Standard status
Active
APN
74434319010000022
Size
9,503 SF
Lot size
1.27 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
PERINI-WESTWARD COMMERCIAL AREA S 300 FT OF E 185 FT OF TRACT B
Tax Annual Amount
53451
Legal Description
PERINI-WESTWARD COMMERCIAL AREA S 300 FT OF E 185 FT OF TRACT B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
4
Flooring type
Concrete, Tile, Wood
Building materials
Concrete, Stucco
Roof type
Flat
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Scott A. Huston · License #3246465
(954) 804-8346
Added: Aug 31
Changed: Oct 24
Last Checked: Oct 26 at 6:06AM
MLS# B26070342
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.
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Investment Insights
Based on property information with market context.
This commercial office property at 2701 Okeechobee Boulevard includes approximately 9,503 square feet of property improvements on 1.27 acres. Built in 1963, the building features concrete and stucco construction, a flat roof, and concrete, tile, and wood flooring. Central heating and central air conditioning serve the improvements.
The property is positioned along Okeechobee Boulevard in West Palm Beach, with public water and public sewer service. Its GC (city) zoning designation supports its commercial classification. The existing building configuration and established utility connections provide a basis for continued office use, subject to applicable approvals and requirements.
The property is positioned along Okeechobee Boulevard in West Palm Beach, with public water and public sewer service. Its GC (city) zoning designation supports its commercial classification. The existing building configuration and established utility connections provide a basis for continued office use, subject to applicable approvals and requirements.
Key Highlights
- 1.27‑acre commercial office property
- Approximately 9,503 square feet of property improvements
- GC (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,263
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,625,260
$6.6M
Cap Rate 7%
$4,732,329
$4.7M
Cap Rate 9%
$3,680,700
$3.7M
Market Conditions
NOI Build-Up for 9,503 SF
Gross rent
$524.6K $55.20/SF
− Vacancy
−$82.9K −$8.72/SF
EGI
$441.7K $46.48/SF
− OpEx
−$110.4K −$11.62/SF
NOI
$331.3K $34.86/SF
Area
West Palm Beach, FL
Vacancy
15.80%
Lease Rate
$55.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,625,260
Cap Rate 7%
$4,732,329
Cap Rate 9%
$3,680,700
Alternative Uses
Best Use
Office B
$4.73M
$4.14M – $5.52M
NOI $331,263 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.69M
$5.86M – $7.81M
NOI $468,478 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office improvements occupy a commercial parcel with GC (city) zoning.
Where is this office building located?
The property is located at 2701 OKEECHOBEE Boulevard West Palm Beach, FL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 1.27‑acre commercial office property; Approximately 9,503 square feet of property improvements; GC (city) zoning
