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    321 L A Kirksey St West Palm Beach, FL 33401

    Sponsored
    For Sale
    $13,500,000

    Prime Office Space, 13,488 SF, 3 Units

    Property size:
    13,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,488-square-foot office building in West Palm Beach, Florida, presents a compelling investment opportunity. Located at 321 L A Kirksey Street, zip code 33401, this three-unit property sits on a 25,495-square-foot lot and boasts a prime location just off Flagler Drive. The building, constructed in 1983 and completely renovated in 2019, is ideally situated amidst significant waterfront development projects, including the Ritz Carlton, O Lara, and Nora. Currently, approximately 5,000 square feet is configured as adaptable, fully built-out medical office space, offering flexibility for a variety of uses due to its zoning. The remaining space allows for customization to suit an owner-user's specific needs. This property offers significant potential as a prime development site or as an income-producing asset, making it an attractive option for investors seeking a high-value property in a rapidly developing area of West Palm Beach. The asking price for this exceptional property is $13,500,000. The property's convenient location and recent renovation make it a truly unique opportunity in the heart of West Palm Beach's thriving commercial market.

    Property Features for 321 L A Kirksey St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,488 SF

    Building Details

    Year Built
    1983
    Units
    3

    HighLights

    • $13,500,000 Asking Price
    • 13,488 SF Office Building
    • Three Units
    • 1983 Year Built
    • West Palm Beach, FL Location
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0522261
    Latitude
    26.7271194

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 13,488 SF, 3 Units
    Where is this office property / space located?
    The property is located at 321 L A Kirksey St West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $13,500,000.
    What are key features of this property?
    This property features: $13,500,000 Asking Price; 13,488 SF Office Building; Three Units
    Request Owner's contact information
    321 L A Kirksey St West Palm Beach, FL 33401
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    Realmo Value Estimation

    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.

    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.

    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
    321 L A Kirksey St West Palm Beach, FL 33401
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