The Victor Farris Building

Off-Market

1411 North Flagler Drive, West Palm Beach, FL 33401

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 153,000 SF
  • Lot Size 0.72 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1988

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable
  • Transit Score ®

    33/100 Some Transit
  • Bike Score ®

    95/100 Biker's Paradise
Powered by Walk Score ®
  • City West Palm Beach, FL
  • Neighborhood Providencia Park
  • Zip Code 33401
  • Market West Palm Beach Boca Raton

Points of Interest

  • West Palm Beach

    0.99 miles

  • West Palm Beach

    1.16 miles

  • Mangonia Park

    2.74 miles

  • Lake Worth

    7.69 miles

  • Shell

    2.19 miles

  • BP

    2.21 miles

  • Marathon

    2.28 miles

  • Mobil

    2.45 miles

  • Chevron

    2.56 miles

  • Marathon

    2.75 miles

  • Shell

    2.79 miles

  • Wawa West Palm Beach

    2.84 miles

  • Texaco

    2.93 miles

  • Mobil

    3.00 miles

  • Currie Park

    0.64 miles

  • Government Center Parking Lot

    0.66 miles

  • Currie Park

    0.70 miles

  • Governmental Center Parking Garage

    0.76 miles

  • Judicial Center Parking Garage

    0.76 miles

  • Banyan Public Parking Garage

    0.82 miles

  • City Center Public Parking Garage

    0.84 miles

  • Clematis Public Parking Garage

    0.87 miles

  • Sapodilla Public Parking Garage (Police Garage)

    0.92 miles

  • USPS Lot

    0.99 miles

  • The Ben, Autograph Collection

    0.77 miles

  • Friend's place

    0.93 miles

  • Residence Inn by Marriott West Palm Beach Downtown/Rosemary Square Area

    1.20 miles

  • The Breakers Palm Beach

    1.34 miles

  • Hyatt Place

    1.34 miles

  • Hilton West Palm Beach

    1.49 miles

  • West Palm Beach Marriott

    1.51 miles

  • Hawthorn Suites by Wyndham West Palm Beach

    2.19 miles

  • DoubleTree by Hilton West Palm Beach Airport

    2.34 miles

  • Courtyard West Palm Beach Airport

    2.44 miles

  • Butcher Shop and Beer Garden

    0.47 miles

  • Mediterranean Market

    0.55 miles

  • Palm Beach Grill

    0.78 miles

  • Elisabetta's Ristorante

    0.79 miles

  • Coyo Taco

    0.80 miles

  • Shout Supermarket

    0.86 miles

  • Nico's Pizza

    0.86 miles

  • Anzo Mediterranean Kitchen

    0.88 miles

  • Green’s Pharmacy

    0.89 miles

  • Banko Cantina

    0.92 miles

  • Rosarian Academy

    0.40 miles

  • UB Kinsey / Palmview Elementary School

    0.55 miles

  • Pleasant City Elementary School

    0.57 miles

  • Acs Roosevelt Center

    0.66 miles

  • Saint Ann Catholic School

    0.71 miles

  • Roosevelt Elementary School

    0.84 miles

  • Roosevelt Middle School

    0.93 miles

  • AW Dreyfoos School of the Arts

    1.27 miles

  • Westward Elementary School

    1.35 miles

  • Palm Beach Atlantic University

    1.46 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 20 Sep, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in West Palm Beach

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in West Palm Beach Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $38.93
  • 2021 Office Vacancy Rate 10.10%
  • 2021 Office Completions (SF) 270,845

West Palm Beach Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $358.04
  • 2021 Office Sales Volume $694.5M
  • 2021 Number of Transactions 27
View more West Palm Beach market trends

Frequently Asked Questions

What is the total square footage of The Victor Farris Building?

The Victor Farris Building totals 153,000 square feet.

When was this property built?

The Victor Farris Building was built in 1988.

When was The Victor Farris Building last sold?

The Victor Farris Building was last sold on 20 Sep, 2013.

What is the market value for The Victor Farris Building?

The market value* for The Victor Farris Building in 2022 was $39,717,188.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Base Tax $768,253
  • Current Tax $818,794
  • Market Value* $39,717,188
  • Assessed Value $39,717,188

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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