Financial
Distress signals
Property profile

515 N Flagler Dr West Palm Beach, FL 33401

FOR LEASE
Office buildings
Property ID
US18-5024383
47,041 SF 1.15 ac lot Built 1985
Last sale Jul 2019 · $98,000,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial office building containing approximately 3,167 square feet located at 515 N Flagler Dr in West Palm Beach, Florida (33401). It is situated across the street from the Palm Beach Yacht Club, with Clematis Street within about a 5-minute walk, providing proximity to nearby retail and dining. The building is configured as an office space intended for day-to-day workplace use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1.79M
Tax billed · 2023
Assessed value$78.82M
Assessed land$5.00M
Assessed improvement$73.82M
Effective rate2.28%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$420/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$228 – $661
Qualifying comparables3

Cap rate analysis

How does the asset earn?
59,893.51%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
FWD-5
The Flagler waterfront district is located along Flagler Drive, the city scenic intracoastal waterfront roadway, the neighborhood is char...
General categoryOPEN_SPACE
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.6
Watch Repair Shop7.8
Butcher7.4

Location

515 N Flagler Dr West Palm Beach, FL 33401
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 Australian, West Palm Beach, FL 33401-5018 $45,000,000 May 2025 235,340 SF
205 Datura, West Palm Beach, FL 33401-5657 $45,675,500 May 2025 59,644 SF
400 Hibiscus, West Palm Beach, FL 33401-5822 $5,200,000 Apr 2025 11,934 SF
1615 Clare, West Palm Beach, FL 33401-6913 $19,500,000 Jul 2024 9,901 SF
324 Datura, West Palm Beach, FL 33401-5414 $33,000,000 Jan 2024 68,811 SF
314 10th, West Palm Beach, FL 33401-3318 $2,587,000 Aug 2023 8,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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