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

5114 OKEECHOBEE, West Palm Beach, FL 33417

Commercial Lease, West Palm Beach, FL

Space Size1,384 SF
Lot Size3.27 Acres
Days on Market2
Rey
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Property Features for 5114 OKEECHOBEE

General Information

Property type Commercial Lease
Property subtype Office
Zoning CG
Parking 84
Lot features Landscaped
Directions From Florida's Turnpike, exit at Okeechobee Blvd and head east. Property is on the south side of Okeechobee Blvd just west of N Haverhill Rd. Use the single campus entrance; 5114 is the eastern building.
Subdivision 5500
Standard status Active
APN 00424326000001310
Size 19,525 SF
Lot size 3.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax 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 Annual Amount 95523
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)

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1982
Floors in Building 2
Number of units 1
Flooring type Vinyl
Building materials Block, Concrete
Roof type Flat
Listing Agency: Compass Florida LLC
Listed By: Brad Kuskin · License #3333122
Added: Oct 14 Last Checked: Oct 15 at 2:06PM
MLS# B26088407

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The first-floor office suite contains 1,384 SF, with a large open work area measuring approximately 34' x 21' and three private offices. One office is positioned at a corner and has windows on two sides. Entry is located off the lobby. The suite is vacant, and the building offers 84 free surface parking spaces.

The property fronts Okeechobee Blvd, with approximately 68,500 vehicles per day. Florida's Turnpike is about 2 minutes away, and I-95 is approximately 6 minutes away. Zoning is CG. Surgical and full medical uses are not permitted. Lease terms of 3 to 10 years are preferred, with flexible guarantee structures.

Key Highlights

  • 1,384 SF first‑floor office suite
  • Open work area of approximately 34' x 21' plus three private offices
  • Corner office has windows on two sides

Property Analytics

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Current Use

Office Units

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
View Realmo Analytics

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 - An open work area and three private offices provide a flexible layout for office use.
Where is this office units located?
The property is located at 5114 OKEECHOBEE 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 of approximately 34' x 21' plus three private offices; Corner office has windows on two sides
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