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Property profile

701 Olive Ave Ste 115 West Palm Beach, FL 33401

OFF-MARKET
Office buildings
Property ID
US18-4894222
View Sample
1,968 SF 1 ac lot Built 2008
Entity Owned 6-yr Hold Free & Clear

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Construction CONCRETE BLOCKS
Total area 1,968 SF
Lot 1 ac (43,560 SF)
APN 74-43-43-22-41-000-0015
UPID US18-4894222

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.13M
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.39M

Owner & transaction history

since 2019
Last sale
$1.6M
4 recorded transactions
2019
$100
2019
$900,000
2014
$867,000
2011
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.1M +36.3%
Medical building $1.1M +28.7%
Commercial (general) $1.0M +25.5%

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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