Office Unit for
For Sale
Contact for pricing
811 N Olive Avenue #2b, West Palm Beach, FL 33401
For-sale office unit in West Palm Beach, suitable for professional users needing dedicated interior space.
Property Size6,170 SF
Price / SF$0.22
Days on Market137
Property Features for 811 N Olive Avenue #2b
General Information
Standard status
Active
Size
6,170 SF
Property subtype
Office
Site & Location
Neighborhood
Providencia Park Neighborhood Association
Building Details
Year Built
1976
Listing Agency:
Randy B Realty LLC
(732) 996-9391
Listed By:
Joshua Michael Rosenblatt · License #3617197
(561) 895-0036
Source:
Lehmannflorida
Added: Jun 16
Changed: Oct 29
Last Checked: Oct 28 at 7:56AM
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 Randy B Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering presents an office unit available for sale, identified as Unit 2B at 811 N Olive Avenue. The property is sized at 6,170 square feet and is presented as a defined office space within a commercial setting, providing a dedicated layout for professional and administrative uses.
The address is located in West Palm Beach, Florida, and the suite designation suggests an internal, tenant-specific space rather than an open, multi-tenant common area. Prospective buyers should review the unit configuration and access details during due diligence to confirm how the space fits their operational needs.
This space is a workable fit for businesses seeking a dedicated office environment, including teams that require private work areas and ongoing day-to-day access for staff and clients. Because the listing data focuses on the office unit and suite identification, buyers should verify key considerations such as entry location, interior buildout, and any building-level services that may impact use. Schedule a showing or request additional information to evaluate the unit’s readiness for your intended use.
The address is located in West Palm Beach, Florida, and the suite designation suggests an internal, tenant-specific space rather than an open, multi-tenant common area. Prospective buyers should review the unit configuration and access details during due diligence to confirm how the space fits their operational needs.
This space is a workable fit for businesses seeking a dedicated office environment, including teams that require private work areas and ongoing day-to-day access for staff and clients. Because the listing data focuses on the office unit and suite identification, buyers should verify key considerations such as entry location, interior buildout, and any building-level services that may impact use. Schedule a showing or request additional information to evaluate the unit’s readiness for your intended use.
Key Highlights
- Office unit available in West Palm Beach
- Year built: 1976
- Suitable for professional users needing dedicated interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,301,580
$4.3M
Cap Rate 7%
$3,072,557
$3.1M
Cap Rate 9%
$2,389,767
$2.4M
Market Conditions
NOI Build-Up for 6,170 SF
Gross rent
$340.6K $55.20/SF
− Vacancy
−$53.8K −$8.72/SF
EGI
$286.8K $46.48/SF
− OpEx
−$71.7K −$11.62/SF
NOI
$215.1K $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%
$4,301,580
Cap Rate 7%
$3,072,557
Cap Rate 9%
$2,389,767
Alternative Uses
Best Use
Office B
$3.07M
$2.69M – $3.58M
NOI $215,079 @ 7.0% cap · market cap 15,931.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,168 @ 7.0% cap · market cap 22,530.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - For-sale office unit in West Palm Beach, suitable for professional users needing dedicated interior space.
Where is this office unit located?
The property is located at 811 N Olive Avenue #2b West Palm Beach, FL.
What are key features of this property?
This property features: Office unit available in West Palm Beach; Year built: 1976; Suitable for professional users needing dedicated interior space
