Add Listing
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

    1369 Okeechobee Rd West Palm Beach, FL 33401-6823

    • Specialty properties
    • 8,377 SF
    • 3.45 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2021
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4676067
    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

    • Specialty properties

    Property Details for 1369 Okeechobee Rd

    Year built
    1952
    Construction
    STEEL FRAME
    Lot size
    3.45 lot acres
    Property size
    8,377 SF
    Zone code
    OC
    Property type
    Specialty properties
    APN
    74-43-43-28-14-000-0222
    APU
    74434328140000222

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $885,000
      Current use
      RETAIL STORES
      $1,520,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $1,500,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,290,000
      Change: +46% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.07
    Latitude
    26.6996
    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
    $4,050
    $1,840,872
    $754,508
    $2,595,380
    -
    $1,840,872
    $754,508
    $2,595,380

    Comparable in this City

    • Value Estimation by Request
      0.55 Acres

      650 Rosemary Ave

      SHOPPING CENTER COMMON AREA • 0.55 Acres
      650 Rosemary Ave, West Palm Beach, FL 33401-6004
      View Details
    • Value Estimation by Request
      2,646 SF

      1130 Clare Ave

      CHARITABLE ORGANIZATION • 2,646 SF
      1130 Clare Ave, West Palm Beach, FL 33401-6904
      View Details
    • Value Estimation by Request
      4,860 SF

      1126 Clare Ave

      CHARITABLE ORGANIZATION • 4,860 SF
      1126 Clare Ave, West Palm Beach, FL 33401-6904
      View Details
    • Value Estimation by Request
      4,613 SF

      1009 Sapodilla Ave

      CHARITABLE ORGANIZATION • 4,613 SF
      1009 Sapodilla Ave, West Palm Beach, FL 33401-3238
      View Details
    • Value Estimation by Request
      0.42 Acres

      620 Rosemary Ave

      SHOPPING CENTER COMMON AREA • 0.42 Acres
      620 Rosemary Ave, West Palm Beach, FL 33401
      View Details
    • Value Estimation by Request
      0.36 Acres

      651 Hibiscus St

      SHOPPING CENTER COMMON AREA • 0.36 Acres
      651 Hibiscus St, West Palm Beach, FL 33401
      View Details

    Similar Nearby for Sale

    • $380,000

      West Palm Beach Office Space

      Prime Location, 1500-3000 sq ft
      400 Executive Center Dr, West Palm Beach, FL 33401
      View Details
    • $750,000

      West Palm Beach Office Complex

      Prime Office Space, Two Units Available
      400 Executive Center 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
    • $4,500,000

      West Palm Beach Multifamily Portfolio

      22 units in downtown West Palm Beach. Great investment opportunity.
      700 N Tamarind Ave, West Palm Beach, FL 33401
      View Details
    • 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
      View Details
    • $799,000

      Renovated Duplex Near Downtown

      Renovated duplex near downtown West Palm Beach with modern amenities.
      629 9Th St, West Palm Beach, FL 33401
      View Details

    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
    • $49 SF/Yr
      1,821 SF

      Downtown West Palm Beach Retail Space

      Prime 1821 sq ft Retail Condo
      277 Evernia St, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      12,342 SF

      Class A Office Space

      Class A office space for rent in West Palm Beach.
      525 Okeechobee Blvd, West Palm Beach, FL 33401
      View Details
    • Contact for pricing
      250,000 SF

      Mixed-Use Development in Royal Palm

      25-acre mixed-use development with 250,000 SF retail space.
      Okeechobee Blvd, Royal Palm Beach, FL 33401
      View Details
    • Contact for pricing

      Retail Space in Palm Beach

      Prime retail space with high visibility and foot traffic.
      West Palm Beach, FL 33401
      View Details
    • $70 SF/Yr

      West Palm Beach Office Suites

      Office suites for lease with panoramic intracoastal views.
      625 N Flagler Dr, 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.
    1369 Okeechobee Rd
    West Palm Beach, FL 33401-6823
    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!