1850 Forest Hill Boulevard
1850 Forest Hill Boulevard, West Palm Beach, FL 33406
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1850 Forest Hill Boulevard 1850 Forest Hill Boulevard, West Palm Beach, FL 33406 Sold
$6,650,000
1850 Forest Hill Boulevard · West Palm Beach
1850 Forest Hill Boulevard, 1850 Forest Hill Boulevard, West Palm Beach FL 33406, photo 1 of 1
$6,650,000Sold Price
Per SqFt
—/—Beds/BathsBd/Ba
SqFt
MLS R11101773 · 451 days on Zilbert · Listed Jun 23, 2025 · 1850 Forest Hill Boulevard, West Palm Beach FL 33406Current layoutPhotos first

Property Details

Sold Price$6,650,000
Last Asking Price$6,500,000
Price per SqFt
Maintenance feeInquire
Property Taxes$209,638 2024
Interior Space
Beds/Baths—/—
Year Built1981
Closed Date10/1/2025
MLS #R11101773

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly figures, as provided
Not providedmaintenance
$17,470taxes · $209,638/yr ÷ 12

Monthly carry is not computed when the association fee or the taxes are not provided.

From the listing

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.

Listed by EXP Realty LLC

Sales History for This Home · 1850 Forest Hill Boulevard, West Palm Beach, FL 33406

Sales history is unavailable for this property

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale in this neighborhood. Ask me about this home or the neighborhood.
+1 (786) 280-0201

Listed by EXP Realty LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in West Palm Beach and throughout South Florida.

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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.