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    5849 Okeechobee Blvd West Palm Beach, FL 33417

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Office/Retail, High Visibility

    Lot size:
    20,336 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,336 square foot, three-story office building, constructed in 1986, is situated on Okeechobee Boulevard in West Palm Beach, Florida, offering unparalleled visibility and accessibility. The property boasts a prominent ground floor space, formerly occupied by a Wells Fargo branch, complete with a drive-thru and ATM. This versatile space is ideal for a variety of uses and is ready for immediate customization. The building features 110 parking spaces and benefits from multiple pylon signage opportunities, ensuring maximum brand exposure. Its strategic location provides direct access to the Florida Turnpike and is conveniently close to I-95, Palm Beach International Airport, and major medical and business centers. The surrounding area offers a wealth of amenities, including hotels, restaurants (such as Chick-fil-A, Duffy's, and LongHorn Steakhouse), and retailers (including Publix, Walmart Neighborhood Market, and SuperTarget). With a daytime population exceeding 258,000 within a five-mile radius and over 168,800 vehicles passing daily, this property presents a unique opportunity to establish a thriving business in a high-traffic, high-visibility location. The estimated 2024 operating expenses are $15.50 per square foot, inclusive of electricity. This property is located in Palm Beach County, Florida, with a zip code of 33417.

    Property Features for 5849 Okeechobee Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,336 SF
    Total Rate
    40672

    Building Details

    Year Built
    1986
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,731 SF
    Rate per SF
    $24

    HighLights

    • High‑visibility location on Okeechobee Blvd with direct Florida Turnpike access.
    • Ground floor features a former bank branch with drive‑thru and ATM, ready for tenant improvements.
    • Building offers multiple pylon signage opportunities for maximum brand exposure.
    • Excellent proximity to hotels, restaurants, and major retailers including Publix and Walmart.
    • Strong daytime population of over 258,000 within a 5‑mile radius.
    • Convenient access to I‑95, Florida Turnpike, Palm Beach International Airport, and major business centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo ATM Atm Primary Care Associates-N ... Doctor MCCI Medical 3d ... Doctor Humana Insurance Agency Sadia Altidore Nurse Practitioner

    Suggested Use

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

    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
    -80.132703957914
    Latitude
    26.708190019396

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office/Retail, High Visibility
    Where is this office property / space located?
    The property is located at 5849 Okeechobee Blvd West Palm Beach, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Okeechobee Blvd with direct Florida Turnpike access.; Ground floor features a former bank branch with drive-thru and ATM, ready for tenant improvements.; Building offers multiple pylon signage opportunities for maximum brand exposure.
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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
    5849 Okeechobee Blvd West Palm Beach, FL 33417
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