Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1152 Okeechobee Rd West Palm Beach, FL 33401-6943

    • Bars & Pubs
    • 4,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4594705
    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

    • Bars & Pubs

    Property Details for 1152 Okeechobee Rd

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    4,000 SF
    Zone code
    I
    Property type
    Bars & Pubs
    APN
    74-43-43-28-09-008-0110
    APU
    74434328090080110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0646
    Latitude
    26.6999
    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
    $15,132
    $233,402
    $315,041
    $548,443
    -
    $233,402
    $315,041
    $548,443

    Comparable in this City

    • Value Estimation
      $660,000
      11,815 SF

      225 Clematis St

      NIGHTCLUB (COCKTAIL LOUNGE) • 11,815 SF
      225 Clematis St, West Palm Beach, FL 33401-5564
      View Details
    • Value Estimation
      $1,010,000
      3,867 SF

      114 Narcissus Ave

      BAR, TAVERN • 3,867 SF
      114 Narcissus Ave, West Palm Beach, FL 33401-5503
      View Details
    • Value Estimation
      $3,575,000
      1,995 SF

      1311 Tamarind Ave

      BAR, TAVERN • 1,995 SF
      1311 Tamarind Ave, West Palm Beach, FL 33401-2817
      View Details
    • Value Estimation by Request
      454 SF

      600 15th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 454 SF
      600 15th St, West Palm Beach, FL 33401-2512
      View Details
    • Value Estimation
      $2,335,000
      738 SF

      1209 Dixie Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 738 SF
      1209 Dixie Hwy, West Palm Beach, FL 33401-2701
      View Details
    • Value Estimation
      $8,440,000
      2,176 SF

      1225 Palm Bch Lks Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,176 SF
      1225 Palm Bch Lks Blvd, West Palm Beach, FL 33401-2410
      View Details

    Similar Nearby for Sale

    • $12,900,000
      13,083 SF

      Historic Mixed-Use Building For Sale

      Historic mixed-use building in downtown West Palm Beach with liquor license.
      114 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • $14,950,000

      Iconic Clematis Street Mixed-Use Building

      Mixed-use building in Downtown West Palm Beach's thriving district.
      312 Clematis St, West Palm Beach, FL 33401
      View Details
    • $60,000

      West Palm Beach Development Opportunity

      Intracoastal view lot suitable for hotel, retail, residential development.
      215 5Th St, West Palm Beach, FL 33401
      View Details
    • $20,000,000
      5,452 SF

      West Palm Beach Redevelopment Portfolio

      Prime downtown West Palm Beach redevelopment opportunity with air rights.
      401 N Rosemary Ave, West Palm Beach, FL 33401
      View Details
    • $5,795,000

      Commercial Space in Downtown West

      Commercial space suitable for art gallery or car storage.
      433 Flamingo Dr, West Palm Beach, FL 33401
      View Details
    • $4,250,000

      Goodyear NNN Lease Investment Opportunity

      Corporate-backed NNN lease with investment-grade tenant in West Palm Beach.
      515 S Dixie Hwy, West Palm Beach, FL 33401
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      Pending

      Prime Clematis Street Retail Space

      1200 SF retail/office space in the heart of West Palm.
      428 Clematis St, West Palm Beach, FL 33401
      View Details
    • $45 SF/Yr
      21,500 SF

      Halsey Place: Creative Office Spaces

      West Palm Beach Creative Office, Restaurant Opportunity
      313 Datura St, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      5,981 SF

      Clematis Street Retail Opportunity

      Prime retail spaces available in the heart of Clematis District.
      221-225 Clematis St, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      16,296 SF

      Prestigious West Palm Beach Office

      Prime office and retail spaces with waterfront views and amenities.
      777 S Flagler Dr, West Palm Beach, FL 33401
      View Details
    • $5,000 /Mo
      Pending

      Prime Retail Space on Clematis

      1200 SF retail/restaurant space in West Palm Beach.
      428 Clematis St, West Palm Beach, FL 33401
      View Details
    • $42 SF/Yr
      1,170 SF

      Turn-Key Restaurant Space Available

      Ready-to-operate restaurant space in prime Palm Beach location.
      1540 Palm Beach Lakes 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.
    1152 Okeechobee Rd
    West Palm Beach, FL 33401-6943
    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.
    Sign Up Successful!
    You now have access to more from Realmo!