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Property profile & analytics
FOR LEASE
Office buildings
1501 Belvedere Rd West Palm Beach, FL 33406
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2747561
For Lease
$25 SF/Yr
1501 Belvedere Rd, West Palm Beach, FL 33406
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Property summary
AI-generated overview
District Pointe, located at 1501 Belvedere Rd, West Palm Beach, FL 33406, offers 76,230 square feet of Class B office space in a single, five-story building. Built in 1983, this property boasts a prominent location at the intersection of Belvedere Road and Mercer Avenue, providing excellent visibility and accessibility. Currently, 35,717 square feet of space is available for lease, with flexible options including full-floor opportunities ranging from approximately 11,417 to 12,153 square feet. The building features a 51-foot ceiling height, 299 parking spaces, and elevators. Situated on a 4.85-acre lot, District Pointe benefits from its proximity to downtown West Palm Beach, Palm Beach International Airport, and I-95. The property is zoned GC and has a Palm Beach County APN of 74-43-43-29-00-000-5310. Annual property taxes are $3.20 per square foot. This South Florida location offers a compelling opportunity for businesses seeking flexible and well-situated office space. The building is categorized as both Traditional and Executive Office space, catering to a variety of tenant needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
STEEL FRAME
Total area
65,760 SF
Lot
4.85 ac (211,436 SF)
Zoning code
GC
APN
74-43-43-29-00-000-5310
UPID
US18-2747561
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Prime Headhunting & Recruiting, Inc. Employment Agency
-
Office Evolution West Palm Beach Real Estate Agency
-
Mobile Detailing with Lux Auto Club Car Wash
-
Leading Pathways ABA Therapy Pediatrician
-
Nextgen Rodent, Wildlife, Iguana & Critter Removal Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.91M
Blend (final)
Blend
$13.03M
Owner & transaction history
District Pointe LLC · 4 yrs held
District Pointe LLC
since 2021
Last sale
$13.4M
3 recorded transactions
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$17,665,000
ML approach
$12,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.03M
Range $11.73M – $14.33M · ±10% · vs last sale $13.40M (Dec 1 2021)
Last sale anchor
$13.40M
Dec 1 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$198 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$201,409
Tax year 2023
Assessed value
$8,683,397
Assessed 2023
Previous assessed
$11,984,211
-27.5% YoY
Effective rate
2.32%
On assessed value
Assessed land
$3,393,532
Assessed improvement
$5,289,865
Land market value
$3,393,532
Improvement market value
$5,289,865
Total market value
$8,683,397
Applied tax rate
74,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
6
Total area
65,760 SF
Lot
4.85 ac (211,436 SF)
Zoning code
GC
APN
74-43-43-29-00-000-5310
UPID
US18-2747561
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GC · West Palm Beach, FL
Zoning GC · permitted uses
GC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
6
Lot
4.85 ac
Current owner
From public records · entity-resolved
District Pointe LLC
Entity
Mailing address
1000 N US HWY 1ST STE #902, JUPITER, FL 33477-4451
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
District Pointe LLC
—
Deed
related
$13,200,000 · Connectone Bank
Dec 1, 2021
$13,400,000
District Pointe LLC
Cemex Const Marinker Materialstei T
Special Warranty Deed
$10,720,000 · Truist Bank
Nov 1, 2018
$100
Cemex Const Materials Florida
Gonzalez,carlos M
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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