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First-Floor Office Unit
New
For Lease
$20 SF/Yr CAM $9.46 /USD/SF/YR

5114 OKEECHOBEE Boulevard #112, West Palm Beach, FL 33417

A central corridor connects six enclosed rooms, with windowed offices and a dedicated utility closet.

Space Size1,229 SF
Days on Market3

Property Features for 5114 OKEECHOBEE Boulevard #112

General Information

Standard status Active
Size 1,229 SF
Net Rentable 1,229 SF
Total Parking Spaces 84
Property subtype Commercial
Lease Type NNN

Space & Availability

Available Space 1,229 SF
Contiguous Space 1,229 SF
Floor 1
Space Use Office
Condition Move-in Ready
Sublease No
Available From Immediate

Lease Terms

Lease Rate $20 /USD/SF/YR
Total Rate $3,017
Monthly Rent $2,048
Rent per SF/Year $20
CAM $9.46 /USD/SF/YR
Lease Term 120 months
Flexible Term Yes

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $95,523

Amenities

Central air
Central Air Cooling
Central Heating
Common
Electric Heating
Flat Roof
Free Parking
Vinyl Flooring

Building Details

Year Built 1982
Listing Agency: COMPASS FLORIDA LLC
Listed By: BRAD KUSKIN · License #B26088404
Source: Corcoran
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:16PM

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 COMPASS FLORIDA LLC

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Investment Insights

Based on property information with market context.

This 1,229 SF office unit occupies the first floor of a building constructed in 1982. Its plan includes six enclosed rooms set off a central hall, among them a front office with a window and a corner office with windows on two walls. A utility closet provides additional support space. The unit is vacant and can be shown easily.

The property fronts Okeechobee Blvd, where traffic is approximately 68,500 vehicles per day. Florida’s Turnpike is about 2 minutes away, and I-95 is about 6 minutes away. Surface parking includes 84 spaces.

Lease terms of 3 to 10 years are preferred, with flexibility on guarantee structure. Surgical and full medical uses are not permitted.

Key Highlights

  • 1,229 SF first‑floor office unit
  • Six enclosed rooms arranged along a central hall
  • Front office has a window; corner office has windows on two walls

Property Analytics

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Current Use

Primerica Insurance Agency DLJ Clinical Services, ... Psychotherapist Pinnacle Family Services Foster Care Service Moses Johnson Dental Office Danyell Johnson Foster Care Service

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Florist Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,040
Businesses Nearby

Demographics for 33417, FL

34,153
Population
20,450
Households
1.7
Avg Household Size
48
Median Age
26%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
5,175
Density / Sq Mi
$50,077
Median Household Income
$35,036
Median Earnings
$1,533
Median Rent
$159,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for West Palm Beach, FL

$34.36 /SF/Yr
Avg Asking Price
$5.44–$77 /SF/Yr
Price Range
5,540 SF
Avg Space Size

This space is priced 42% below the average of $34.36 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office units - A central corridor connects six enclosed rooms, with windowed offices and a dedicated utility closet.
Where is this office units located?
The property is located at 5114 OKEECHOBEE Boulevard #112 West Palm Beach, FL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,229 SF first‑floor office unit; Six enclosed rooms arranged along a central hall; Front office has a window; corner office has windows on two walls
More about this property
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