Freestanding Office
312-330 Clematis St W, Palm Beach, FL 33401
For Sale
Contact for pricing
Original hardwood flooring, exposed beams, and an open-air rooftop terrace provide distinctive interior and outdoor features.
Property Size23,078 SF
Price / SF$647.80
Days on Market25
Property Features for 312-330 Clematis St W
General Information
Standard status
Size
Net Rentable
Property subtype
Property Condition
Severity
Evidence
Site & Location
Road Access
Public Transit
Additional Details
Property Use
Amenities
penthouse open-air terrace
Building Details
Year Built
Year Renovated
Buildings
Building Size
Listing Agency:
Lee & Associates | Broward/Palm Beach
(954) 399-6299
Listed By:
C. Todd Everett, SIOR · License #SL3265231
(561) 414-8567
Source:
Moodyscre
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 3:43PM
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 Lee & Associates | Broward/Palm Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 23,078 rentable square feet. Constructed in 1925 and renovated in 1998, the building retains hardwood flooring and exposed beams, alongside high ceilings and decorative crown and accent moldings. An open-air terrace occupies the penthouse level.
The property is at 312-330 Clematis St in downtown West Palm Beach. The Brightline station is within walking distance, with service connecting West Palm Beach to Fort Lauderdale, Miami, and Orlando. The surrounding area also includes Class A multifamily and condominium buildings, as well as The Ben, an Autograph Collection hotel.
The property is at 312-330 Clematis St in downtown West Palm Beach. The Brightline station is within walking distance, with service connecting West Palm Beach to Fort Lauderdale, Miami, and Orlando. The surrounding area also includes Class A multifamily and condominium buildings, as well as The Ben, an Autograph Collection hotel.
Key Highlights
- 23,078 rentable square feet in a freestanding office building
- Originally built in 1925; renovated in 1998
- Penthouse‑level open‑air terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$611,682
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,233,640
$12.2M
Cap Rate 7%
$8,738,314
$8.7M
Cap Rate 9%
$6,796,467
$6.8M
Market Conditions
NOI Build-Up for 23,078 SF
Gross rent
$1.05M $45.60/SF
− Vacancy
−$236.8K −$10.26/SF
EGI
$815.6K $35.34/SF
− OpEx
−$203.9K −$8.84/SF
NOI
$611.7K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,233,640
Cap Rate 7%
$8,738,314
Cap Rate 9%
$6,796,467
Alternative Uses
Best Use
Office B
$8.74M
$7.65M – $10.19M
NOI $611,682 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.25M
$14.22M – $18.96M
NOI $1,137,697 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
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
$430,900
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Palm Beach County, FL
Properties on Market for Office buildings in Palm Beach County
Vacancy Rate% for Office in Palm Beach, FL
Frequently Asked Questions
What type of property is this?
Office building - Original hardwood flooring, exposed beams, and an open-air rooftop terrace provide distinctive interior and outdoor features.
Where is this office building located?
The property is located at 312-330 Clematis St W Palm Beach, FL.
What is the asking price?
The asking price for this property is $14,950,000.
What are key features of this property?
This property features: 23,078 rentable square feet in a freestanding office building; Originally built in 1925; renovated in 1998; Penthouse‑level open‑air terrace
