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Property profile & analytics
FOR LEASE
Office buildings
250 South Australian Ave West Palm Beach, FL 33401
Entity Owned
~
Est. High Equity
Property ID
US18-4521324
For Lease
$43 SF/Yr
250 South Australian Ave, West Palm Beach, FL 33401
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
STEEL FRAME
Total area
235,340 SF
Lot
2.9 ac (126,381 SF)
Zoning code
FWD-5
APN
74-43-43-21-21-000-0010
UPID
US18-4521324
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
-
Dempsey W Glenn Law Firm
-
Xenick Dean Law Firm
-
MetLife West Palm Beach Insurance Agency
-
Siegel Financial Group - Northwestern Mutual Financial Advisor
-
Turning Point Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.39M
Blend (final)
Blend
$40.52M
Owner & transaction history
Clearlake Owner LLC
Clearlake Owner LLC
since 2025
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
FWD-5 · 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
$37,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$40.52M
Range $36.46M – $44.57M · ±10% · vs last sale $45.00M (May 12 2025)
Last sale anchor
$45.00M
May 12 2025
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
$172 / 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
$1,343,967
Tax year 2023
Assessed value
$64,644,171
Assessed 2023
Previous assessed
$51,000,000
+26.8% YoY
Effective rate
2.08%
On assessed value
Assessed land
$9,478,650
Assessed improvement
$55,165,521
Land market value
$9,478,650
Improvement market value
$55,165,521
Total market value
$64,644,171
Applied tax rate
84,407.0000
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
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
18
Total area
235,340 SF
Lot
2.9 ac (126,381 SF)
Zoning code
FWD-5
APN
74-43-43-21-21-000-0010
UPID
US18-4521324
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FWD-5 · West Palm Beach, FL
Zoning FWD-5 · permitted uses
FWD-5 · 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
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
18
Buildings
2
Lot
2.9 ac
Current owner
From public records · entity-resolved
Clearlake Owner LLC
Entity
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$55,350,000
Clearlake Owner LLC
Bradford Allen Clearlake LLC
Special Warranty Deed
$34,000,000 · City National Bank Of Florida
May 12, 2025
$45,000,000
Bradford Allen Clearlake LLC
One Clearlake Property Owner LLC
Special Warranty Deed
—
Jul 6, 2021
$60,700,000
One Clearlake Property Owner LLC
Velocis Clearlake Spe LLC
Special Warranty Deed
$40,000,000 · Wells Fargo Bank NA
Apr 15, 2020
—
Velocis Clearlake Spe LLC
—
Deed
related
$39,000,000 · Pfp Holding Co Vi LLC
Jul 28, 2017
$42,300,000
Velocis Clearlake Spe LLC
One Clearlake Centre LLC
Trustees Deed
$34,840,000 · Mesa W R/e Income Fund IV LLC
Jan 19, 2005
$38,600,000
One Clearlake Centre LLC
Vef III Funding LLC
Grant Deed
$19,820,000 · Aig Life Insurance
—
—
Velocis Clearlake Spe LLC
—
Deed Of Trust
related
$39,000,000 · Pfp Holding Co Vi LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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