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    The Largest CRE Database in the US with Over 1 Million Listings

    2889 10th Avenue N Palm Springs, FL 33461

    View on Map
    For Lease
    $3,000 /Mo

    Commercial,Commercial Condo,Condo,Free Standing,Medical,Office Space,Office/Professional

    Property size:
    1,520 SF
    Lot size:
    1.00 Acre
    Added:
    Jan 3, 2025
    Days on Market:
    454
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 2889 10th Avenue N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CG
    Interior features
    9 foot ceilings
    Standard status
    Active
    APN
    70434420170003030
    Size
    1,520 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    500
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1987
    Floors in Building
    3
    Number of units
    18
    Flooring type
    Carpet, Laminate
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Pablo Nobre
    Pablo Nobre

    Listing agent Pablo Nobre

    Listing office Illustrated Properties 700 E Atlantic Avenue, Palm Beach Gardens, FL

    Listing date Jan 3, 2025

    MLS# RX-11048912 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Springs Medical Office Space

    This 1,520 square foot medical office is available for immediate occupancy. The space is suitable for any healthcare or professional medical practice. Previously used as a surgeon's office, the suite includes a reception and waiting area, five exam rooms with plumbing, an X-ray room with lead-lined walls and viewing glass, a private doctor's office with a separate entrance, and patient and staff restrooms. Additional features include a dedicated storage room and laundry area. Water is included in the lease. The property is located in a high-visibility building on the corner of 10th Avenue N and Summer Street, near the elevator. The property is located in Palm Springs, Florida, in Palm Beach County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Banfield Pet Hospital — 1678 S Congress Ave, Palm Springs, FL 33461
    • Archie Kleopfer Veterinary Care Clinic — 1847 Aragon Ave UNIT 1, Lake Worth Beach, FL 33461
    • Lake Worth Animal Hospital — 1110 2nd Ave N, Lake Worth Beach, FL 33460

    Map

    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.086837
    Latitude
    26.62916

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    FAQs

    What type of property is this?
    Medical Office Space - Ready-to-occupy medical office space in Palm Springs, Florida.
    Where is this medical office space located?
    The property is located at 2889 10th Avenue N Palm Springs, FL.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Ready‑to‑occupy medical office space (1,520 SF) suitable for healthcare or professional medical practice.; Features five exam rooms with plumbing, an X‑ray room with lead‑lined walls and viewing glass, and a private doctor's office.; Includes reception/waiting area, patient/staff restrooms, dedicated storage, and laundry area.
    (561) 626-7000
    We can help!
    Listing Contact
    Pablo Nobre
    Pablo Nobre
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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