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Property profile

515 N Flagler Dr West Palm Beach, FL 33401

FOR LEASE
Office buildings
Property ID
US18-5024383
47,041 SF 1.15 ac lot Built 1985
Last sale Jul 2019 · $98,000,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial office building containing approximately 3,167 square feet located at 515 N Flagler Dr in West Palm Beach, Florida (33401). It is situated across the street from the Palm Beach Yacht Club, with Clematis Street within about a 5-minute walk, providing proximity to nearby retail and dining. The building is configured as an office space intended for day-to-day workplace use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1.79M
Tax billed · 2023
Assessed value$78.82M
Assessed land$5.00M
Assessed improvement$73.82M
Effective rate2.28%

Value estimate

· Nov 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$420/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$228 – $661

Cap rate analysis

How does the asset earn?
59,893.51%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
FWD-5
The Flagler waterfront district is located along Flagler Drive, the city scenic intracoastal waterfront roadway, the neighborhood is char...
General categoryOPEN_SPACE
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.6
Watch Repair Shop7.8
Butcher7.4

Location

515 N Flagler Dr West Palm Beach, FL 33401
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 Australian, West Palm Beach, FL 33401-5018 $45,000,000 May 2025 235,340 SF
205 Datura, West Palm Beach, FL 33401-5657 $45,675,500 May 2025 59,644 SF
400 Hibiscus, West Palm Beach, FL 33401-5822 $5,200,000 Apr 2025 11,934 SF
1615 Clare, West Palm Beach, FL 33401-6913 $19,500,000 Jul 2024 9,901 SF
324 Datura, West Palm Beach, FL 33401-5414 $33,000,000 Jan 2024 68,811 SF
314 10th, West Palm Beach, FL 33401-3318 $2,587,000 Aug 2023 8,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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