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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

201 Narcissus Ave West Palm Beach, FL 33401

2,500 SF Built 2004
Property ID
Property summary
AI-generated overview

This exceptional 2,540 square foot ground floor commercial unit, located in the prestigious Esplanade Grande in downtown West Palm Beach, Florida, presents a rare investment opportunity. Boasting a prime waterfront location overlooking Historic Palm Beach Island, this property offers stunning views and unparalleled access. The unit features 13-foot ceilings, impact glass, and includes six private underground parking spaces. Building amenities include 24-hour access to the main lobby, restrooms, concierge, and valet parking. Owners also enjoy access to a fourth-floor gym and wellness center, hot tub, showers, a 360-degree rooftop garden with outdoor gathering areas, a pool, and an air-conditioned event lounge. The property is currently 100% occupied under an Absolute NNN lease with one year remaining. Built in 2004, this single-tenant retail space is listed at $2,750,000 with a 7.00% cap rate. The address is 201 S Narcissus Ave, West Palm Beach, FL 33401. This is a unique opportunity to acquire a high-quality commercial property in a highly desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 2,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sceneworks Studios Recording Studio
  • Hayes Legal Nursing Consultants & Associates Employment Agency
  • PB Princesses By The Sea Hotel & Motel Resort
  • Esplanade Grande Condo Condominium Complex
  • Gracie Street Interior Design, Inc. Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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