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400 Clematis St 301 West Palm Beach, FL 33401-5321

OFF-MARKET Investment properties Google Maps
938 SF 1 ac lot Built 1945
Individually Owned 9-yr Hold Free & Clear
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Property ID US18-0916998

Property summary

AI-generated overview

This exceptional 1,242-square-foot flex space at 400 Clematis Street, Unit 209, in West Palm Beach, Florida, presents a unique opportunity. Located in the heart of downtown, this single-tenant industrial property offers a vibrant and convenient work environment. The open-concept design allows for flexible customization, ideal for collaborative workspaces, private offices, or creative studios. Large windows provide abundant natural light and captivating views of bustling Clematis Street. The building features elevator access, secure entry, and convenient parking. Its prime location offers unparalleled access to a wide array of restaurants, shops, and amenities, fostering a strong work-life balance. The property is zoned CWD-CD and has an APN of 74434321200002090. This space is perfect for startups, established professionals, or businesses seeking expansion in a highly desirable area of West Palm Beach (zip code 33401). The property's address is 400 Clematis Street. This is a single-suite building with excellent access and visibility. Seize this chance to establish your business in a thriving downtown location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Construction CONCRETE BLOCKS
Total area 938 SF
Lot 1 ac (43,560 SF)
APN 74-43-43-21-20-000-3010
UPID US18-0916998

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
  • Law Firm
  • Condominium Complex
  • Atm
  • Pharmacy
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2008
Price N/A
2005
$195,000

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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