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Property profile & analytics
OFF-MARKET Estimated value $103,855,000
High-rise multifamily apartments

591 Evernia St West Palm Beach, FL 33401-5776

376,628 SF 1.22 ac lot Built 2018
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-0034951
Property summary
AI-generated overview

Prime retail space is available at Parkline Palm Beach, a vibrant new development situated directly at the West Palm Beach Brightline train station. This 60,000 square foot transportation hub offers unparalleled access to a multitude of attractions, including museums, golf courses, wildlife sanctuaries, beaches, and entertainment venues. The property enjoys a highly desirable location, just steps from the Government Center, Clematis District, Rosemary Square, Centennial Park, and the Waterfront. Three restaurant spaces are currently available, ranging in size from a minimum of 1,120 square feet to a maximum contiguous space of 5,105 square feet. A total of 8,427 square feet of vacant space is currently available for lease. This presents a unique opportunity for businesses seeking high visibility and convenient access to a diverse customer base within a bustling, newly developed area. The spaces are located at the base of Parkline Palm Beach, a luxury rental community, ensuring a constant flow of potential customers. The property is located in Palm Beach County, Florida, at 591 Evernia Street, West Palm Beach, FL 33401. This is an exceptional opportunity to establish a thriving business in a rapidly growing and highly sought-after location. The multiple tenancy structure allows for flexibility in lease terms and space configuration.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2018
Construction STEEL FRAME
Total area 376,628 SF
Lot 1.22 ac (53,182 SF)
Zoning code QBD-8
APN 74-43-43-21-35-001-0000
UPID US18-0034951
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
Current use
Occupant on record · Public records
  • ChargePoint Charging Station Electric Vehicle Charging Station
  • Valetography Photography Service (Bike/Boat/Book/etc) Store
  • Kale Houser Leadership Business Management Consultant
  • Go Green Dry Cleaners (Bike/Boat/Book/etc) Store
  • West Palm Beach In-home Women's Personal Trainer Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$100.85M
Comparable Approach Comparable
$85.07M
Blend (final) Blend
$103.86M
Owner & transaction history
Reep Mf Park Line Fl LLC · 5 yrs held
Reep Mf Park Line Fl LLC
since 2020
Last sale
$114.8M
4 recorded transactions
2023
Price N/A
2020
$114.8M
2019
Price N/A
1969
Price N/A
Zoning & alternative use
QBD-8 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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