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    1501 Belvedere Rd West Palm Beach, FL 33406

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    For Lease
    Contact for pricing

    West Palm Beach Office Building, Flexible Suites

    Lot size:
    76,230 SF

    Property Features for 1501 Belvedere Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,230 SF
    Class
    B
    Total Rate
    174693.75

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    5

    Spaces For Lease

    at 1501 Belvedere Rd, West Palm Beach, FL 33406 Contact us
    Unit Suite 100

    $27 /Mo

    Size
    2,720 SF
    Contact us
    Unit Suite 101

    $27 /Mo

    Size
    1,902 SF
    Contact us
    Unit Suite 102

    $27 /Mo

    Size
    5,314 SF
    Contact us
    Unit 1st Floor

    $27 /Mo

    Size
    9,936 SF
    Contact us
    Unit 3rd Floor

    $27 /Mo

    Size
    12,153 SF
    Contact us
    Unit 4th Floor

    $27 /Mo

    Size
    12,147 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Michael Falk
    Michael Falk

    Listing Agent: Michael Falk

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

    Learn more

    Property Insight Report

    Overview

    District Pointe, located at 1501 Belvedere Rd, West Palm Beach, FL 33406, offers 76,230 square feet of Class B office space in a single, five-story building. Built in 1983, this property boasts a prominent location at the intersection of Belvedere Road and Mercer Avenue, providing excellent visibility and accessibility. Currently, 35,717 square feet of space is available for lease, with flexible options including full-floor opportunities ranging from approximately 11,417 to 12,153 square feet. The building features a 51-foot ceiling height, 299 parking spaces, and elevators. Situated on a 4.85-acre lot, District Pointe benefits from its proximity to downtown West Palm Beach, Palm Beach International Airport, and I-95. The property is zoned GC and has a Palm Beach County APN of 74-43-43-29-00-000-5310. Annual property taxes are $3.20 per square foot. This South Florida location offers a compelling opportunity for businesses seeking flexible and well-situated office space. The building is categorized as both Traditional and Executive Office space, catering to a variety of tenant needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prime Headhunting & Recruiting, ... Employment Agency Office Evolution West ... Real Estate Agency Mobile Detailing with ... Car Wash Leading Pathways ABA ... Pediatrician Nextgen Rodent, Wildlife, ... Garden Center

    Suggested Use

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

    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
    -80.071032901423
    Latitude
    26.691241570439

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    FAQs

    What type of property is this?
    Office Property / Space - West Palm Beach Office Building, Flexible Suites
    Where is this office property / space located?
    The property is located at 1501 Belvedere Rd West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 11,417 - 12,153 SF of office space available for lease.; Renovated lobby.; Excellent location near downtown West Palm Beach, Palm Beach International Airport, and I-95.
    (561) 478-6400 Call to check price and availability
    Request Owner's contact information
    1501 Belvedere Rd West Palm Beach, FL 33406
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    West Palm Beach, FL 33406
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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
    1501 Belvedere Rd West Palm Beach, FL 33406
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Falk
    Michael Falk
    Real Estate License ID: 3007359
    (561) 478-6400 (561) 662-2624
    Learn more
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