Downtown Live-Work
For Sale
$725,000
Pending
410 EVERNIA Street #117, West Palm Beach, FL 33401
Condominium unit supports combined residential and professional use in downtown West Palm Beach.
Property Size1,211 SF
Days on Market66
Property Features for 410 EVERNIA Street #117
General Information
Standard status
Pending
Size
1,211 SF
Property subtype
Office
Site & Location
Neighborhood
West Palm Beach Downtown Neighborhood Association
Building Details
Year Built
2007
Listing Agency:
Mantovani Land & Commercial
(561) 840-6789
Listed By:
Silvana DeCastro · License #0681440
(561) 701-4226
Source:
Lehmannflorida
Added: Aug 30
Changed: Nov 1
Last Checked: Nov 1 at 5:07AM
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 Mantovani Land & Commercial
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Investment Insights
Based on property information with market context.
This live-work condominium offers 1,211 square feet within a 2007-built property. The configuration is designed for both residential living and workspace, providing a combined-use setting in a single unit.
Located at 410 Evernia Street, Unit 117, the property is in downtown West Palm Beach, Florida. Owner financing is available, providing an additional purchase structure for qualified buyers.
Located at 410 Evernia Street, Unit 117, the property is in downtown West Palm Beach, Florida. Owner financing is available, providing an additional purchase structure for qualified buyers.
Key Highlights
- 1,211‑square‑foot live‑work condominium unit
- Built in 2007
- Located at 410 Evernia Street, Unit 117
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,214
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,280
$844.3K
Cap Rate 7%
$603,057
$603.1K
Cap Rate 9%
$469,044
$469.0K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$66.8K $55.20/SF
− Vacancy
−$10.6K −$8.72/SF
EGI
$56.3K $46.48/SF
− OpEx
−$14.1K −$11.62/SF
NOI
$42.2K $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%
$844,280
Cap Rate 7%
$603,057
Cap Rate 9%
$469,044
Alternative Uses
Best Use
Office B
$603.1K
$527.7K – $703.6K
NOI $42,214 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$262.6K
$229.8K – $306.4K
NOI $18,383 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$852.9K
$746.3K – $995.0K
NOI $59,700 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,473
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Condominium unit supports combined residential and professional use in downtown West Palm Beach.
Where is this live-work space located?
The property is located at 410 EVERNIA Street #117 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,211‑square‑foot live‑work condominium unit; Built in 2007; Located at 410 Evernia Street, Unit 117
