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Property profile & analytics
OFF-MARKET Estimated value $2,380,000
Office buildings

469 Spencer Dr West Palm Beach, FL 33409-3675

8,840 SF 0.6 ac lot Built 1980
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-3363998
Property summary
AI-generated overview

This exceptional 8,840-square-foot single-tenant office building is ideally situated in West Palm Beach, Florida, at 469 Spencer Drive, zip code 33409. Its convenient location offers easy access to I-95 and Palm Beach Lakes Boulevard. The property, zoned OC—OFFICE COMME (APN 74434319090390150), boasts a contemporary design and is ready for immediate occupancy. The interior features a comprehensive build-out, including private offices, multiple conference rooms, dedicated workstations, comfortable lounge areas, adaptable meeting zones, a fully equipped kitchen, and restrooms. Ample parking is available on-site. This versatile space is perfect for a variety of professional uses, from creative agencies to traditional office settings. The building's design allows for flexibility, with the option to subdivide the space into three independent office areas, catering to diverse business needs. The asking rent is $23 per square foot, plus NNN charges. This represents a significant opportunity to secure a high-quality, well-appointed office space in a prime West Palm Beach location. Inquire today to schedule a viewing and explore the possibilities this property offers.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1980
Construction CONCRETE
Total area 8,840 SF
Lot 0.6 ac (26,267 SF)
Zoning code OC
APN 74-43-43-19-09-039-0150
UPID US18-3363998
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$2.38M
Owner & transaction history
469 Spencer LLC · 1 yrs held
469 Spencer LLC
since 2025
Last sale
$2.7M
2 recorded transactions
2025
$2.7M
2019
$320,000
Zoning & alternative use
OC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $3.7M +75.0%
Retail stores $3.7M +73.9%
Warehouse, storage $3.5M +66.7%
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