Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1037 Okeechobee Rd West Palm Beach, FL 33401-6225

    • Retail space
    • 2,500 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    8.4%
    Retail space
    Location Intelligence
    Property ID
    US18-0255221
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1037 Okeechobee Rd

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    2,500 SF
    Zone code
    I
    Property type
    Retail space
    APN
    74-43-43-28-09-003-0180
    APU
    74434328090030180

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $536,000
      Market price range: $203k - $768k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0635
    Latitude
    26.7022
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,402
    $227,169
    $476,291
    $703,460
    -
    $227,169
    $476,291
    $703,460

    Comparable in this City

    • Value Estimation
      $755,000
      4,257 SF

      430 Clematis St

      RETAIL STORES (PERSONAL SERVICES) • 4,257 SF
      430 Clematis St, West Palm Beach, FL 33401-5312
      View Details
    • Value Estimation
      $660,000
      7,500 SF

      518 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      518 Dixie Hwy, West Palm Beach, FL 33401-5848
      View Details
    • Value Estimation
      $640,000
      5,537 SF

      112 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,537 SF
      112 Dixie Hwy, West Palm Beach, FL 33401-5320
      View Details
    • Value Estimation
      $660,000
      3,614 SF

      804 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,614 SF
      804 Dixie Hwy, West Palm Beach, FL 33401-5816
      View Details
    • Value Estimation
      $2,675,000
      14,729 SF

      1236 Palm Bch Lks Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,729 SF
      1236 Palm Bch Lks Blvd, West Palm Beach, FL 33401-2411
      View Details
    • Value Estimation
      $810,000
      4,005 SF

      215 Clematis St

      RETAIL STORES (PERSONAL SERVICES) • 4,005 SF
      215 Clematis St, West Palm Beach, FL 33401-5512
      View Details

    Similar Nearby for Sale

    • $2,990,000

      Prime Retail Space Near CityPlace

      3,377 SF retail space fully leased through 2028.
      211 S Narcissus Ave, West Palm Beach, FL 33401
      View Details
    • $75,000

      Established Salon Near Palm Beach Outlets

      Thriving salon with loyal clientele near Palm Beach Outlets.
      1657 Forum Pl, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,548 SF

      Retail Space in Historic District

      Two-building leasing opportunity in a historic West Palm Beach district.
      1029 N Tamarind Ave, West Palm Beach, FL 33401
      View Details
    • $2,480,000
      2,540 SF

      Retail Space in West Palm Beach

      Retail property for sale in West Palm Beach, Florida.
      201 S Narcissus Ave, West Palm Beach, FL 33401
      View Details
    • $20,000,000
      5,452 SF

      Downtown West Palm Beach Portfolio

      Prime commercial real estate portfolio in downtown West Palm Beach, Florida.
      401 N Rosemary Ave, West Palm Beach, FL 33401
      View Details
    • $2,750,000
      2,235 SF

      Prime Commercial Property Near NORA

      Commercial property near NORA District with high investment potential.
      711 N Rosemary Ave, West Palm Beach, FL 33401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Palm Beach

      Prime retail space with high visibility and foot traffic.
      West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      513 SF

      Retail Space in Downtown Location

      Three retail spaces available in downtown West Palm Beach.
      224 Datura St, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      3,391 SF

      Downtown West Palm Beach Retail Space

      Retail space in high-traffic downtown West Palm Beach location.
      115 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • $45 SF/Yr
      2,174 SF

      Retail/Office Space with Mezzanine

      Retail or office space with mezzanine in West Palm Beach.
      210 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,400 SF

      Prime Retail Space in West Palm

      Retail space in downtown West Palm Beach near City Place.
      300-320 S Dixie Hwy, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      1,064 SF

      Retail Space with High Visibility

      Retail space available in high-traffic West Palm Beach location.
      2822-2830 Okeechobee Blvd, West Palm Beach, FL 33401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1037 Okeechobee Rd
    West Palm Beach, FL 33401-6225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.