1515 Flagler DrWest Palm Beach, FL 33401

Property Details for 1515 Flagler Dr

Year built

1998

Construction

STEEL FRAME

Lot size

1.51 AC

Property size (Sq ft)

161,206 SF

Zone code

POR/PD

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-15-00-006-0010

APU

74434315000060010

Description

Prime West Palm Beach CBD medical and traditional office space available for lease at 1515 N Flagler Dr, 33401. This Class A, nine-story building, constructed in 1998, offers a single contiguous suite of 4,313 square feet, immediately available. The space features a glass, double-door entryway and private restrooms. Enjoy spectacular ocean and Intracoastal Waterway views from this exceptional location. The building boasts 165,000 total square feet and includes elevators. The property sits on 0.8 acres of land and is situated in the West Palm Beach CBD submarket, conveniently located near N Flagler Dr. The lease expiration date is April 5, 2028. This offering presents a unique opportunity to secure high-quality office space at an aggressive, below-market price. The space is suitable for both general and medical office uses. Inquire for details.

• CAP approach

  CAP return

  Valuation

  6%

  $37,379,132

  6.5%

  $34,503,812

  7%

  $32,039,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,844,284

  Geo Method

  $44,844,284

• Alternative Use

  Use

  Valuation

  Residential

  $42,784,728

  Hospitality

  $39,190,580

  Educational

  $32,606,102

  Medical

  $33,727,476

  Retail

  $50,720,604

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7265

Longitude

-80.051

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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