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    Premier Office Space Near Downtown Title is generated by Realmo AI

    1818 S Australian Ave, West Palm Beach, FL 33409

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    Move-in ready office suites with lake views, convenient location.

    Type:Office
    Lot size:
    1.30 Acres
    Added:
    Feb 13, 2024
    Days on Market:
    843
    Last Refresh:
    May 12 at 11:20 pm

    Property Features for 1818 S Australian Ave

    General Information

    Standard status
    Active
    Lot size
    1.30 Acres
    Property subtype
    Office

    Spaces For Lease

    at 1818 S Australian Ave Contact us

    450 $22/Mo

    Size
    3,462 SF
    Type
    Office
    Thoughtful layout featuring private offices, an open work area, conference room,...
    show more
    Contact us

    209 $22/Mo

    Size
    2,199 SF
    Type
    Office
    Spacious suite with a great mix of private offices and open work area. Carpeted open...
    show more
    Contact us

    303 $22/Mo

    Size
    1,637 SF
    Type
    Office
    Efficient layout comprised of glass-windowed offices, kitchen/breakroom, and open...
    show more
    Contact us

    420 $22/Mo

    Size
    2,756 SF
    Type
    Office
    Efficient layout with multiple offices, open workspace, and kitchen area. Beautiful...
    show more
    Contact us

    410 $22/Mo

    Size
    1,858 SF
    Type
    Office
    Functional layout featuring private offices and a break area.
    Contact us
    Show more

    We can help!

    Listing Contact
    Jason Sundook
    Jason Sundook

    Listing agent Jason Sundook License #FL 602243

    Listing office NAI Merin Hunter Codman, Inc. West Palm Beach

    Listing date Feb 13, 2024

    Source Crexi

    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 NAI Merin Hunter Codman, Inc. West Palm Beach

    HighLights

    • Move‑in ready office suites near Downtown West Palm Beach.
    • Excellent location with easy access to I‑95, Okeechobee Blvd, and public transportation.
    • Beautiful views of Clear Lake and distant views of Palm Beach.
    • Proximity to popular amenities like CityPlace and the Warehouse District.
    • Well‑maintained property with modern amenities including an atrium, pond, and on‑site property management.
    • CAM includes electricity.

    Overview

    Discover move-in ready suites at Commerce Pointe Silver, a premier four-story office building centrally located off South Australian Avenue. Situated on a manicured 1.3-acre lot with stunning Clear Lake views, this meticulously maintained property boasts modern amenities including an atrium, pond, and on-site property management. With easy access to I-95, Okeechobee Blvd, and public transportation, this location offers convenience for commuters. Enjoy proximity to popular destinations like CityPlace, the Warehouse District, and more, providing quick access to dining, banking, fitness, and accommodations. The property is located near Downtown West Palm Beach and features significantly upkept common areas and offices with beautiful views of Clear Lake, and distant views of Palm Beach. It is near popular amenities like CityPlace, the Warehouse District, Town of Palm Beach, the Governmental Center, and more. Located on a major North/South arterial, Commerce Pointe Silver is less than a mile to I-95 and Okeechobee Blvd. It is less than a 10-minute drive to Palm Beach International Airport and less than a 7-minute drive to Downtown West Palm Beach. The 2026 CAM is $ 14.74, and electricity is included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bobby Hurley Mortgage ... Loan Service US Drug Enforcement ... Government Office Dillon A Steinman, LMHC Counselor Roush Spine Medical Clinic Positive Behavior Supports ... Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness 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
    -80.0717475
    Latitude
    26.6967953

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suites with lake views, convenient location.
    Where is this office units located?
    The property is located at 1818 S Australian Ave West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Move‑in ready office suites near Downtown West Palm Beach.; Excellent location with easy access to I‑95, Okeechobee Blvd, and public transportation.; Beautiful views of Clear Lake and distant views of Palm Beach.
    (561) 471-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Sundook
    Jason Sundook
    Real Estate License ID: FL 602243
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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.

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