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Office Suite with Private Offices
New
For Lease
$20 SF/Yr CAM $9.46 /USD/SF/YR

5114 OKEECHOBEE #102, West Palm Beach, FL 33417

First-floor workspace pairs an open work area with enclosed offices and direct access beside the lobby.

Space Size1,384 SF
Days on Market3

Property Features for 5114 OKEECHOBEE #102

General Information

Standard status Active
Size 1,384 SF
Net Rentable 1,384 SF
Total Parking Spaces 84
Property subtype Commercial
Lease Type NNN

Space & Availability

Available Space 1,384 SF
Contiguous Space 1,384 SF
Floor First Floor
Space Use Office
Condition Move-in Ready
Private Offices 3

Lease Terms

Lease Rate $20 /USD/SF/YR
Total Rate $3,398
Monthly Rent $2,306
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 #B26088407
Source: Corcoran
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:04PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The 1,384-square-foot first-floor office suite includes an open work area of approximately 34' x 21' and three private offices. One office has windows on two sides. The suite is vacant, with entry immediately beside the lobby. Surgical and full medical uses are not permitted.

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. On-site surface parking totals 84 spaces.

Key Highlights

  • 1,384 SF first‑floor office suite
  • Open work area measuring approximately 34' x 21'
  • Three private offices, including a corner office with windows on two sides

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Parking Lot & Garage Veterinary Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pharmacy

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

1,462
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

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 - First-floor workspace pairs an open work area with enclosed offices and direct access beside the lobby.
Where is this office units located?
The property is located at 5114 OKEECHOBEE #102 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: 1,384 SF first‑floor office suite; Open work area measuring approximately 34' x 21'; Three private offices, including a corner office with windows on two sides
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