Single-Story Office
For Sale
$3,000,000
801 SPENCER Drive, West Palm Beach, FL 33409
Commercial Sale, West Palm Beach, FL
Property Size3,665 SF
Lot Size0.30 Acres
Price / SF$818.55
Days on Market57
Property Features for 801 SPENCER Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
GC (city)
Parking
12
Security features
Security System
Subdivision
5410
Standard status
Active
APN
74434319010000025
Size
3,665 SF
Lot size
0.30 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
PERINI-WESTWARD COMMERCIAL AREA N 70 FT OF S 370 FT OF E 185 FT OF TR B
Tax Annual Amount
17912
Legal Description
PERINI-WESTWARD COMMERCIAL AREA N 70 FT OF S 370 FT OF E 185 FT OF TR B
Utilities
Sewer type
Public Sewer
Heating system
Central, Zoned, Electric (Heating)
Cooling system
Central Air, Zoned, Electric
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
1
Flooring type
Carpet, Wood, Tile - Ceramic
Building materials
CBS, Stucco
Roof type
Flat
Buildings
1
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Scott A. Huston · License #3246465
(954) 804-8346
Added: Aug 31
Changed: Oct 24
Last Checked: Oct 26 at 6:06AM
MLS# B26070387
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.
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Investment Insights
Based on property information with market context.
This single-story office building contains 3,665 square feet on approximately 0.3 acres. Built in 1964, the property features CBS and stucco construction, a flat roof, and a mix of carpet, wood, and ceramic tile flooring. Zoned GC by the city, it is configured as an established commercial office improvement suitable for continued office use.
The property is served by public water and public sewer. Building systems include central, zoned electric heating and central, zoned electric air conditioning, providing separately controlled climate areas within the structure.
The property is served by public water and public sewer. Building systems include central, zoned electric heating and central, zoned electric air conditioning, providing separately controlled climate areas within the structure.
Key Highlights
- 3,665 SF single‑story commercial office building
- Approximately 0.3 acres
- GC zoning designated by the city
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,758
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,555,160
$2.6M
Cap Rate 7%
$1,825,114
$1.8M
Cap Rate 9%
$1,419,533
$1.4M
Market Conditions
NOI Build-Up for 3,665 SF
Gross rent
$202.3K $55.20/SF
− Vacancy
−$32.0K −$8.72/SF
EGI
$170.3K $46.48/SF
− OpEx
−$42.6K −$11.62/SF
NOI
$127.8K $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%
$2,555,160
Cap Rate 7%
$1,825,114
Cap Rate 9%
$1,419,533
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,758 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,677 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
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Business Placement
Demographics for 33409, FL
33,061
Population
13,715
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
80%
High-School Grad
6.3 sq mi
ZIP Area
5,248
Density / Sq Mi
$65,206
Median Household Income
$34,994
Median Earnings
$1,633
Median Rent
$282,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - GC-zoned commercial office property with established improvements for owner-user or professional office use.
Where is this office building located?
The property is located at 801 SPENCER Drive West Palm Beach, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 3,665 SF single‑story commercial office building; Approximately 0.3 acres; GC zoning designated by the city
