$6,650,000
Sold · October 1, 2025
1850 Forest Hill Boulevard
West Palm Beach, FL
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $6,650,000
- Vs. list price
- 2.3% over
- Days on market
- 35
- Price per sq ft
- N/A
This commercial property sold for $6,650,000 on October 1, 2025. That was 2.3% above its final list price of $6,500,000. It spent 35 days on the market.
Listing Snapshot
- Sold Price
- $6,650,000
- Sold On
- October 1, 2025
- Days on Site
- 35 Days
- Bedrooms
- 0
- Total Baths
- 14
- Total Sq Ft
- 52,463 sqft
- Lot Size
- 4.21 Acres
- Year Built
- 1981
- Property Type
- Commercial
- MLS #
- R11101773
- Property Tax
- $209,638 (2024)
- County
- Palm Beach
- Status
- Sold
About This Property
VALUE-ADD OFFICE COMPLEX. First time on market. Prime corner location on Forest Hill Blvd. 4 parcels totaling 4.21 acres with 3 buildings and 52,463 rentable SF. Significant upside potential through professional management. Increase NOI immediately by leasing 76,227+ SF of available space and enforcing CAM recovery clauses. Major long-term growth opportunity by marking significant below-market rents to current rates as leases roll over. Recent major capital improvements de-risk the investment. Ideal for a 1031 exchange or long-term investor seeking substantial equity creation. RARE VALUE-ADD OFFICE INVESTMENT OPPORTUNITY Presenting a unique opportunity to acquire a substantial office complex located on a prime, high-visibility corner on Forest Hill and Florida Mango. Offered for the first time by its generational ownership, this property consists of four contiguous parcels totaling 4.21 acres, featuring three multi-tenant office buildings (1850, 1860, & 1870 Forest Hill Blvd) with a combined 52,463 rentable square feet. This investment offers a clear, multi-stage path to value creation for a new owner. KEY HIGHLIGHTS & BUSINESS PLAN IMMEDIATE OPERATIONAL UPSIDE: Increase NOI on day one by enforcing existing lease clauses for the recovery of Common Area Maintenance (CAM) expenses, which has not been done historically. LEASE-UP POTENTIAL: Immediately lease over 6,200 SF of available space. This includes 5,004 SF of traditional vacancy plus a desirable 1,233 SF owner's suite that will be delivered vacant at closing. SIGNIFICANTLY BELOW-MARKET RENTS: A large portion of the rent roll consists of long-term tenants paying rents at a substantial discount to the current market. This embedded loss-to-lease provides a sustained, long-term driver of revenue growth as leases naturally expire. RECENT CAPITAL IMPROVEMENTS: The property has been significantly de-risked for a new owner with major recent investments, including a new roof on one building (2024), a fully resurfaced parking lot (2023), and a full connection to public water and sewer for all buildings. PRIME LOCATION AND SCALE: A campus-like setting on a major commercial corridor minutes from I-95 and Palm Beach International Airport (PBI), offering excellent visibility and access. PROPERTY DETAILS Address: 1850, 1860, & 1870 Forest Hill Blvd, West Palm Beach, FL 33406 Total Parcels: 4 Total Land Size: 4.21 Acres Total Rentable SF: 52,463 Parking: 173 Surface Spaces This is a rare chance to acquire a large-scale office asset with a proven history and multiple, clear paths to future value. A signed Confidentiality Agreement is required for the release of the full Offering Memorandum (OM), detailed rent roll, and financial information.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 1981
- Property Condition
- Resale
- Levels
- Two
- Lot Size (Acres)
- 4.21
- Total Sq Ft
- 52,463
- Structure Type
- Office
- Sewer
- Public Sewer / Septic Tank
- Water Source
- Public
- Zoning
- LC(cit
Interior Features
- Cooling
- Central Air / Electric
- Heating
- Central / Electric / Individual
- Flooring
- Other
Exterior Features
- Construction
- Block
- Roof
- Composition
Community & HOA
- Security
- Fire Alarm / Fire Sprinkler System
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 5470
About the Area
West Palm Beach homes for sale range from $200K downtown condos to $8,000,000 Intracoastal estates, more ground than most buyers expect. Clematis Street condos start in the low $200Ks. Northwood Village bungalows trade in the $400K to $600K range. El Cid and Flamingo Park have 1920s to 1940s Mediterranean Revival homes at $500K to $1,200,000. Newer 3-bedroom homes along Forest Hill and Southern Boulevards stay under $450K. South End waterfront estates run $3,000,000 to $8,000,000. The city covers 55 square miles as Palm Beach County's seat. Palm Beach International Airport is 3 miles out. Fort Lauderdale is under 40 minutes via I-95.
- Homes for Sale
- 2,339
- Median List Price
- $315,000
- Median $/Sq Ft
- $245
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 1850 Forest Hill Boulevard, West Palm Beach, FL?
- Use the Tour button on this listing to request a showing of 1850 Forest Hill Boulevard, West Palm Beach, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1850 Forest Hill Boulevard, West Palm Beach, FL still available?
- 1850 Forest Hill Boulevard, West Palm Beach, FL is currently listed as Sold, and has been on the market 35 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1850 Forest Hill Boulevard, West Palm Beach, FL?
- With 20% down ($1,300,000) on the $6,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1850 Forest Hill Boulevard, West Palm Beach, FL is about $34,160/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1850 Forest Hill Boulevard, West Palm Beach, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1850 Forest Hill Boulevard, West Palm Beach, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1850 Forest Hill Boulevard, West Palm Beach, FL?
- Often, yes. The right offer on 1850 Forest Hill Boulevard, West Palm Beach, FL depends on how it's priced against comparable commercial sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of EXP Realty LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$6,650,000
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Listed by Klaus Sinn, EXP Realty LLC
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