Live-Work
For Sale
$725,000
Pending
410 EVERNIA Street 117, West Palm Beach, FL 33401
Condominium unit configured for combined residential and professional use in downtown West Palm Beach.
Property Size1,211 SF
Days on Market51
Property Features for 410 EVERNIA Street 117
General Information
Standard status
Pending
Size
1,211 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$9,068
Building Details
Building Size
1,211 SF
Year Built
2007
Listing Agency:
Mantovani Land & Commercial
Listed By:
Silvana DeCastro · License #0681440
(561) 701-4226
Source:
Meyerlucas
Added: Aug 30
Changed: Oct 6
Last Checked: Oct 16 at 2:31PM
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 unit combines residential and professional functionality within a 1,211-square-foot layout. The property is identified as Unit 117 and was built in 2007, providing a defined setting for occupants seeking to integrate living and workspace in one property.
Located in downtown West Palm Beach, the unit is situated at 410 Evernia Street. Its live-work classification and condominium format distinguish it from conventional office-only or residential-only space.
Located in downtown West Palm Beach, the unit is situated at 410 Evernia Street. Its live-work classification and condominium format distinguish it from conventional office-only or residential-only space.
Key Highlights
- Live‑work condominium unit with combined residential and professional use
- 1,211 square feet of property space
- Built in 2007
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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Cap Rate, Value Estimation, Potential NOI and more
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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 configured for 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: Live‑work condominium unit with combined residential and professional use; 1,211 square feet of property space; Built in 2007
