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277 Evernia St West Palm Beach, FL 33401-5605

OFF-MARKET Investment properties Google Maps
1,590 SF 1 ac lot Built 2002
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$425k
Range $383k – $468k (±10%)
Property ID US18-4785026

Property summary

AI-generated overview

This exceptional 1,821 square foot Class A retail condo is situated in the vibrant heart of downtown West Palm Beach, Florida, at 277 Evernia Street, zip code 33401. Located within a newly constructed Class AAA high-rise residential tower, this single-tenant space boasts excellent street frontage on both Evernia and Olive Streets, offering unparalleled visibility and accessibility. The property is a ground floor unit, perfect for a variety of uses including office, office services, showroom, cafe, or other retail ventures. Its "NNN" lease structure provides a clear and straightforward financial arrangement. The space is move-in ready, presenting a unique opportunity for a business seeking a high-profile location in a rapidly growing area of West Palm Beach. The property's prime location within Palm Beach County ensures high foot traffic and exposure to a diverse clientele. This is an exceptional opportunity to establish or expand your business in a thriving and desirable urban setting. The space is adaptable and ready for immediate occupancy.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2002
Construction CONCRETE BLOCKS
Total area 1,590 SF
Lot 1 ac (43,560 SF)
APN 74-43-43-22-37-001-0050
UPID US18-4785026

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Loan Service Bank
  • Loan Service
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2006
3 recorded transactions
2009
Price N/A
2006
$835,200
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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