Elevator-Served Office
New
For Sale
Contact for pricing
5114 OKEECHOBEE Boulevard Unit 207, West Palm Beach, FL 33417
A vacant, second-floor suite offers elevator access and shared surface parking for office use.
Property Size1,025 SF
Price / SF$0.02
Days on Market4
Property Features for 5114 OKEECHOBEE Boulevard Unit 207
General Information
Standard status
Active
Size
1,025 SF
Total Parking Spaces
84
Elevators
Yes
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
Acres: 3.27, Features: County Location, Near Airport, 3 To Less Than 4 Acre Lot, West Of US 1
Roof: Flat Tile, Flat Roof With Facade Front
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 00424326000001310, Tax Annual Amount: $95,523, Tax Legal Description: 26-43-42~ N 33O FT OF W 515 FTOF E 865 FT OF NE 1/4 (LESS NLY 62 FT OKEECHOBEE RD R/W), Tax Year: 2025
Flooring: Vinyl
Cooling: Central Air
Heating: Central, Electric
Business Type: Office/Warehouse Combination, Office Space, Number Of Units Total: 1, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 84, Features: Common, Free Parking
Construction Materials: Concrete Block Construction, Levels: 1, Stories: 2, Year Built: 1982, Building Area Total: 19525, Building Features: Airport Access, Landscaped, Heavy Traffic, Structure Type: Office/Retail, Office, Professional
County Or Parish: Palm Beach County, Unit Number: 207
Leasable Area Units: Square Feet, Leasable Area: 1025
Features: Lawn/Pool Maintenance, Units In Community: 1
Electric On Property YN: t, Electric: Separate Meters, Utilities: Cable Connected, Cable Available, Electricity Available, Sewer Available, Water Available
Possession: Funding, Long Closing Preferred, Negotiable
Tenant Pays: Grounds Care, Outside Insurance, Lawn Care, Exterior Maintenance, Real Estate Tax
Water Source: Public
Road Frontage Type: State Road, City/County Maintained, State, U.S. Hwy, Road Responsibility: Public Maintained Road
Features: West Of Us1
Features: Smoke Alarm, Fire Alarm
Building Details
Year Built
1982
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Riserealty
Added: Oct 14
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.
The 1,025-square-foot office suite is on the second floor of a building constructed in 1982. Elevator service provides access to the suite, which is vacant and available for showing. Surgical and full medical uses are not permitted.
The property fronts Okeechobee Boulevard, with approximately 68,500 vehicles per day. Florida’s Turnpike is about 2 minutes away, and I-95 is approximately 6 minutes away. The site has 84 free surface parking spaces.
The property fronts Okeechobee Boulevard, with approximately 68,500 vehicles per day. Florida’s Turnpike is about 2 minutes away, and I-95 is approximately 6 minutes away. The site has 84 free surface parking spaces.
Key Highlights
- 1,025‑square‑foot second‑floor office suite
- Elevator‑served building constructed in 1982
- 84 free surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,730
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,600
$714.6K
Cap Rate 7%
$510,429
$510.4K
Cap Rate 9%
$397,000
$397.0K
Market Conditions
NOI Build-Up for 1,025 SF
Gross rent
$56.6K $55.20/SF
− Vacancy
−$8.9K −$8.72/SF
EGI
$47.6K $46.48/SF
− OpEx
−$11.9K −$11.62/SF
NOI
$35.7K $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%
$714,600
Cap Rate 7%
$510,429
Cap Rate 9%
$397,000
Alternative Uses
Best Use
Office B
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 178,650.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.9K
$631.6K – $842.2K
NOI $50,530 @ 7.0% cap · market cap 252,650.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
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
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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?
Office units - A vacant, second-floor suite offers elevator access and shared surface parking for office use.
Where is this office units located?
The property is located at 5114 OKEECHOBEE Boulevard Unit 207 West Palm Beach, FL.
What are key features of this property?
This property features: 1,025‑square‑foot second‑floor office suite; Elevator‑served building constructed in 1982; 84 free surface parking spaces
