5849 Okeechobee Blvd West Palm Beach, FL 33417
For Lease
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This exceptional 20,336 square foot, three-story office building, constructed in 1986, is situated on Okeechobee Boulevard in West Palm Beach, Florida, offering unparalleled visibility and accessibility. The property boasts a prominent ground floor space, formerly occupied by a Wells Fargo branch, complete with a drive-thru and ATM. This versatile space is ideal for a variety of uses and is ready for immediate customization. The building features 110 parking spaces and benefits from multiple pylon signage opportunities, ensuring maximum brand exposure. Its strategic location provides direct access to the Florida Turnpike and is conveniently close to I-95, Palm Beach International Airport, and major medical and business centers. The surrounding area offers a wealth of amenities, including hotels, restaurants (such as Chick-fil-A, Duffy's, and LongHorn Steakhouse), and retailers (including Publix, Walmart Neighborhood Market, and SuperTarget). With a daytime population exceeding 258,000 within a five-mile radius and over 168,800 vehicles passing daily, this property presents a unique opportunity to establish a thriving business in a high-traffic, high-visibility location. The estimated 2024 operating expenses are $15.50 per square foot, inclusive of electricity. This property is located in Palm Beach County, Florida, with a zip code of 33417.
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Wells Fargo ATM Atm
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Primary Care Associates-N Palm Bch Physician
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MCCI Medical 3d Floor Physician
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Humana Insurance Agency
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Sadia Altidore Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · West Palm Beach, FLWest Palm Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.