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Property summary
This iconic five-story, 25,296 square foot office building, located at 312 Clematis Street in West Palm Beach, Florida, presents a compelling value-add investment opportunity. The property, built in 1925 and renovated in 1998 and 2024, boasts 23,078 square feet of net rentable space across fourteen units, currently at 31.7% occupancy. The asking price is $10,500,000, representing a pro-forma cap rate of 8.79% and a pro-forma NOI of $923,021. The building features a prime ground-floor retail… suite with 18-foot ceilings and approximately 850 square feet of mezzanine space, currently occupied by a fitness center. The upper three floors offer conventional and loft office spaces with original hardwood flooring. The building's historic façade, with three-story columns and ornate detailing, provides exceptional street presence on Clematis Street, a vibrant hub for entertainment and business. The property's CWD-CD zoning allows for flexible use, making it ideal for owner-users or investors seeking to capitalize on the strong market demand in West Palm Beach's thriving downtown core, often referred to as "Wall Street South." The 0.17-acre lot offers significant upside potential through lease-up and cosmetic improvements. This fee-simple ownership opportunity is a rare find in this highly sought-after location. The property is a multi-tenant building with a NNN lease type.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 25,296 SF
- Lot area
- 0.17 ac
- Year built
- 1919
- Stories
- 4
- APN
- 74-43-43-21-01-012-0030
- Zoning
- CWD-CD
- Assessed value · 2023
- $5,001,695
- Annual tax · 2023
- $109,654
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $109,654
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The historic retail corridor in downtown, the Clematis waterfront district (CWD) signifies one of the major community spaces for the city and provides a sense of identity for West Palm Beach
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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