What's the commercial market like in 33401?
Zip 33401 is retail-heavy. The use breakdown shows 715 retail parcels (storefronts, shopping centers, restaurant), 372 office parcels (single-tenant offices, multi-tenant office buildings, medical office), and 198 industrial parcels (warehouses, flex space, manufacturing). Downtown WPB office and retail — which means the right comp set for your property depends heavily on use class, not just zip code. The BOV memo filters comps by use code first, then zip, then size band, to produce a defensible range.
The free BOV memo from Mattis Advisors benchmarks your specific property against the most recent qualified sales in zip 33401 and adjacent submarkets. It covers three exit paths — Hold (sell as-is), Reposition (capex to lift value before sale), and Entitled (entitlement-driven redevelopment) — with net-to-owner math after closing costs and commissions.
33401 commercial property at a glance.
- Total commercial parcels: 1,120
- Arms-length sales since 2020: 318
- Median sale price per SF (2022+): $510/SF
- Average just value (PA assessment): $3,568,000
- Dominant property type: Retail
- Submarket character: Downtown WPB office and retail
Get a free BOV on your 33401 commercial property.
Search any commercial parcel in 33401. Justin replies within one business day with a comp-driven memo benchmarked against 318 recent sales in this submarket.
Other commercial submarkets in Palm Beach County.
Frequently asked questions about commercial property in 33401.
How many commercial properties are in zip 33401?
Zip 33401 contains 1,120 commercial parcels in the BOV database, covering West Palm Beach (Downtown) and surrounding Palm Beach County. Of those, 318 have recorded arms-length sales since 2020 — a robust comp depth for valuation work.
What's the median commercial price per square foot in 33401?
Median sale price in zip 33401 for arms-length commercial transactions since 2022 is approximately $510/SF. This number aggregates retail, office, and industrial sales — the BOV memo benchmarks your specific property against same-use comps for a tighter range.
What types of commercial property dominate 33401?
Zip 33401 is retail-heavy. The breakdown by use class: 715 retail parcels, 372 office parcels, and 198 industrial parcels. Downtown WPB office and retail.
How long does it take to receive a BOV for a 33401 property?
Justin Crow at Mattis Advisors replies with the BOV memo within one business day of your request. The memo covers three exit paths, hand-curated comps from 33401 and adjacent zips, a buyer pool for each exit path, and net-to-owner math after closing costs.