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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1209 Olive Ave West Palm Beach, FL 33401-3515

    • Commercial real estate
    • 3,592 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2761969
    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

    • Pike & Lustig, LLP / Law Firm
    • Jason L. Scarberry, Esq / Law Firm / Insurance Agency
    • Breton Lynch Eubanks Surarez / Law Firm

    Property Details for 1209 Olive Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    3,592 SF
    Zone code
    PPD-PO
    Property type
    Commercial real estate
    APN
    74-43-43-15-19-002-0140
    APU
    74434315190020140

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $910,000
      6.5%
      $840,000
      7%
      $780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $726,000
      Market price range: $297k - $1.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0519
    Latitude
    26.7238
    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
    $14,982
    $378,000
    $340,715
    $718,715
    -
    $378,000
    $340,715
    $718,715

    Comparable in this City

    • Value Estimation
      $2,305,000
      14,246 SF

      1608 Dixie Hwy

      COMMERCIAL (GENERAL) • 14,246 SF
      1608 Dixie Hwy, West Palm Beach, FL 33401-7336
      View Details
    • Value Estimation
      $900,000
      4,452 SF

      1905 Dixie Hwy

      COMMERCIAL (GENERAL) • 4,452 SF
      1905 Dixie Hwy, West Palm Beach, FL 33401-7701
      View Details
    • Value Estimation
      $2,935,000
      12,951 SF

      501 Ardmore Rd

      SHOW ROOM, WAREHOUSE • 12,951 SF
      501 Ardmore Rd, West Palm Beach, FL 33401-7625
      View Details
    • Value Estimation by Request
      336 SF

      501 Datura St

      SHOW ROOM, WAREHOUSE • 336 SF
      501 Datura St, West Palm Beach, FL 33401
      View Details
    • Value Estimation
      $585,000
      1,299 SF

      1301 Flagler Dr

      COMMERCIAL (GENERAL) • 1,299 SF
      1301 Flagler Dr, West Palm Beach, FL 33401-6719
      View Details
    • Value Estimation
      $1,475,000
      3,600 SF

      1425 Wilkins Ave

      SHOW ROOM, WAREHOUSE • 3,600 SF
      1425 Wilkins Ave, West Palm Beach, FL 33401-6843
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,790 SF

      West Palm Beach Retail Duo

      Historic District, Two Buildings, High Potential
      1029 Tamarind Ave, West Palm Beach, FL 33401
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      West Palm Beach Duplex Investment

      Renovated Duplex, 4/4 Units, High ROI
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    • $250,000
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      West Palm Beach Commercial Condo

      Office suite in downtown West Palm Beach with high visibility.
      120 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Development Site in Centrepark

      2.2-acre development site approved for multifamily housing.
      1415 Centrepark Blvd, West Palm Beach, FL 33401
      View Details
    • $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
    • $136,000

      Investment Property Ready For Development

      Land ripe for assemblage near The Grand and Soleste Palm.
      627 3Rd St, West Palm Beach, FL 33401
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    Similar Nearby for Lease

    • $27 SF/Yr
      646 SF

      Downtown WPB Commercial Lot

      Prime C1 zoned lot, lease only.
      510 Sapodilla Ave, West Palm Beach, FL 33401
      View Details
    • $75 SF/Yr
      13,644 SF

      West Palm Beach Office Space

      Office space available for lease in West Palm Beach.
      111 N Olive Ave, West Palm Beach, FL 33401
      View Details
    • $45 SF/Yr
      2,426 SF

      West Palm Beach Retail Space

      Retail space with mezzanine in West Palm Beach, Florida.
      208 S Olive Ave, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      2,442 SF

      Prime Retail Space Available

      High-visibility retail space with strong tenant mix and foot traffic.
      1821 Palm Beach Lakes Blvd, 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
    • $50 SF/Yr
      815 SF

      Retail Space in West Palm

      Retail space available for lease in West Palm Beach.
      424 Park Pl, West Palm Beach, FL 33401
      View Details
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    1209 Olive Ave
    West Palm Beach, FL 33401-3515
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    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
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