Medical Office Building with Multiple
For Sale
$1,600,000
Pending
2419 S Seacrest Boulevard, Boynton Beach, FL 33435
Commercial Sale, Boynton Beach, FL
Property Size2,132 SF
Lot Size0.90 Acres
Days on Market194
Property Features for 2419 S Seacrest Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
C1(cit
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 5
Security features
Security System
Directions
WOOLBRIGHT TO SEACREST GO SOUTH TO BUILDING
Subdivision
4350
Standard status
Pending
APN
08434533050000160
Size
2,132 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTCHESTER HEIGHTS LT 16 TO 18 INC & LT 19 (LESS N 41 FT)
Tax Annual Amount
26132
Legal Description
WESTCHESTER HEIGHTS LT 16 TO 18 INC & LT 19 (LESS N 41 FT)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Tile
Roof type
Fiberglass
Listing Agency:
Century 21 America's Choice/WPB · Century 21 Real Estate
(561) 689-6339
Listed By:
Douglas J Rill · License #131886
(561) 252-2726
Added: Mar 2
Changed: Sep 12
Last Checked: Sep 12 at 6:06PM
MLS# R11167841
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property includes 2,132 square feet on a 0.9-acre site. The building was constructed in 1985 and has five bathrooms, tile flooring, central heating, central air, a fiberglass roof, and public water service. On-site parking is provided, supporting day-to-day office operations.
The property is located just east of I-95 and a short distance from a major hospital. Its address is 2419 S Seacrest Boulevard in Boynton Beach, Florida, within Palm Beach County. Zoning is identified as C1(cit.
The property is located just east of I-95 and a short distance from a major hospital. Its address is 2419 S Seacrest Boulevard in Boynton Beach, Florida, within Palm Beach County. Zoning is identified as C1(cit.
Key Highlights
- 2,132‑square‑foot medical office building on 0.9 acres
- Five bathrooms support medical office configuration
- Located just east of I‑95 and near a major hospital
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,130,180
$1.1M
Cap Rate 7%
$807,271
$807.3K
Cap Rate 9%
$627,878
$627.9K
Market Conditions
NOI Build-Up for 2,132 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$97.2K $45.60/SF
− Vacancy
−$21.9K −$10.26/SF
EGI
$75.3K $35.34/SF
− OpEx
−$18.8K −$8.84/SF
NOI
$56.5K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,130,180
Cap Rate 7%
$807,271
Cap Rate 9%
$627,878
Alternative Uses
Best Use
Office B
$807.3K
$706.4K – $941.8K
NOI $56,509 @ 7.0% cap · market cap 3.53%
Second Best
Healthcare Medical
$401.3K
$351.1K – $468.2K
NOI $28,091 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,103 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office property with central systems, tile flooring, and on-site parking near a major hospital.
Where is this medical office space located?
The property is located at 2419 S Seacrest Boulevard Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2,132‑square‑foot medical office building on 0.9 acres; Five bathrooms support medical office configuration; Located just east of I‑95 and near a major hospital
