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    660 Us-1 North Palm Beach, FL 33408

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    For Lease
    Contact for pricing

    3-Story Office, 33,060 SF Available

    Lot size:
    33,060 SF

    Property Features for 660 Us-1

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,060 SF
    Class
    B
    Total Rate
    46835

    Building Details

    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 660 Us-1, North Palm Beach, FL 33408 Contact us
    Unit First Floor (Previous Bank)

    $17 /Mo

    Size
    6,041 SF
    Contact us
    Unit 2nd Floor

    $17 /Mo

    Size
    14,684 SF
    Contact us
    Unit Third Floor

    $17 /Mo

    Size
    12,335 SF
    Contact us

    We can help!

    Listing Contact
    Kris Hustad
    Kris Hustad

    Listing Agency: Touchstone Webb Realty Company Listing Agent: Kris Hustad

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional three-story office building, totaling 33,060 square feet, is ideally situated in North Palm Beach, Florida, at 660 US-1, on a 1.52-acre lot. The property offers multiple suites, with a minimum divisible space of 6,041 square feet and the entire building available for lease. Currently, the entire 33,060 square feet is vacant. The building features a Class B designation, boasting 110 parking spaces (a mix of surface, covered, and gated underground garage parking), two elevators, and an on-site backup generator. Second and third-floor units include outdoor terrace space. The building enjoys excellent visibility at the southeast corner of US Highway 1 and Lighthouse Drive, providing easy access to I-95 via nearby Northlake and PGA Boulevard. Nearby amenities include Lakeside Park, PGA Commons shopping center, restaurants, and hotels. The property is zoned C-MU (Commercial Mixed Use) and has a Palm Beach County APN of 68-43-42-09-01-072-0040. Annual property taxes are $2.36 per square foot. The building's expansive window line allows ample natural light. Suitable for various uses, including law firms, executive suites, professional offices, financial institutions, and more (subject to zoning approvals where applicable). This prime location and versatile space present a unique opportunity for businesses seeking a prominent presence in North Palm Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.057818364828
    Latitude
    26.817138507686

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    FAQs

    What type of property is this?
    Medical Office Space - 3-Story Office, 33,060 SF Available
    Where is this medical office space located?
    The property is located at 660 Us-1 North Palm Beach, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 33,060 SF Class B office building in North Palm Beach, FL, fully vacant and available for lease.; High-visibility corner location at US-1 and Lighthouse Drive, with easy I-95 access.; Building features include 110 parking spaces (surface, covered, and underground), two elevators, and a backup generator.
    (561) 659-5554 Call to check price and availability
    Request Owner's contact information
    660 Us-1 North Palm Beach, FL 33408
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    North Palm Beach, FL 33408
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    660 Us-1 North Palm Beach, FL 33408
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kris Hustad
    Kris Hustad
    Real Estate License ID: BK647703
    (561) 659-5554
    Learn more
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