Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3319 S State Road 7 Road Wellington, FL 33449

    View on Map
    For Lease
    $450,000

    Office/Professional - Wellington, FL

    Property size:
    720 SF
    Lot size:
    1.00 Acre
    Added:
    Feb 4, 2025
    Days on Market:
    422
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 3319 S State Road 7 Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CC(cit
    Standard status
    Active
    APN
    73414424080003010
    Size
    720 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Floors in Building
    3
    Number of units
    305
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Andreina Chimaras Moyssidis
    Andreina Chimaras Moyssidis

    Listing agent Andreina Chimaras Moyssidis

    Listing office Douglas Elliman 340 Royal Poinciana Way, M302, Miami Beach, FL

    Listing date Feb 4, 2025

    MLS# RX-11059116 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

    Turnkey Medical Office Condo

    This 720 square foot medical office condo is located in the Palomino Park Professional Center II. The turnkey space features a reception area, waiting room, kitchen, and five offices, making it suitable for medical or professional use. The property is situated on high-traffic S State Road 7, offering visibility, accessibility, and ample parking at a rate of 5.83 spaces per 1,000 square feet. Zoned CC (Community Commercial), the property is located near residential neighborhoods, schools, and retail hubs. The Homeowner's Association (HOA) includes building maintenance, utilities, and reserves.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Heather Edwards D.V.M. — 9835-6 Lake Worth Rd, Wellington, FL 33467
    • Animal HealthCare Center — 9835 Lake Worth Rd Suite #6, Wellington, FL 33467
    • Fillip Leah DVM — 9835 Lake Worth Rd Suite #6, Wellington, FL 33467, United States

    Map

    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.205334
    Latitude
    26.628638

    Nearby Similar for Lease

    • Contact for pricing

      Wellington Medical Office Space Available

      Built-out medical office space in a great Wellington location.
      2585 S State Road 7 100, Wellington, FL 33414
      View Details
    • $170,000/mo

      Wellington Equestrian Farm Rental

      Exceptional equestrian facility available for the 2027 WEF season.
      1382 Clydesdale Avenue, Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Facility with Eight Stalls

      Wellington barn with stalls, studio, paddocks, and ESI ring.
      14565 Belmont Trace, Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Facility in Grand Prix Village

      22-stall barn with all-weather ring and grooms quarters.
      3689 Grand Prix Farms Drive, Wellington, FL 33414
      View Details
    • $750,000/mo

      Equestrian Facility Near WEF Grounds

      Wellington equestrian facility with stalls, paddocks, arena, and apartments.
      14775 Equestrian Way, Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Facility with Stalls Available

      Wellington equestrian facility with shared barn features for rent.
      2040 Galloway Trail, Wellington, FL 33414
      View Details
    • $294,000/mo

      Equestrian Facility with Multiple Stalls

      Wellington equestrian facility for rent with stalls and arena.
      14775 Equestrian Way, Wellington, FL 33414
      View Details
    • Contact for pricing

      Wellington Equestrian Barn with Arena

      12-stall barn with arena and paddocks for lease.
      2022 Appaloosa Trail, Wellington, FL 33414
      View Details
    • $78,000/mo

      Equestrian Barn for Seasonal Rent

      Wellington barn with stalls, tack room, ring, and paddocks.
      15416 Sunnyland Lane, Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Property Near Wellington International

      Exceptional equestrian facilities available for seasonal rental near Wellington International.
      Wellington, FL 33414
      View Details
    • Contact for pricing

      Equestrian Facility Ready for Business

      Wellington farm with 30 stalls, riding ring, and ample storage.
      14410 Equestrian Way, Wellington, FL 33414
      View Details
    • $31,250/mo

      Wellington Equestrian Barn For Rent

      New 10-stall barn near WEF with GGT ring.
      2040 Canter Way, Wellington, FL 33414
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office condo in Wellington, Florida.
    Where is this medical office space located?
    The property is located at 3319 S State Road 7 Road Wellington, FL.
    What is the lease rate?
    The lease rate is $450,000.
    What are key features of this property?
    This property features: Turnkey 720 SF medical office condo in Palomino Park Professional Center II.; High‑traffic location on S State Road 7 with excellent visibility and accessibility.; Includes reception area, waiting room, kitchen, and five offices.
    (305) 322-0474
    We can help!
    Listing Contact
    Andreina Chimaras Moyssidis
    Andreina Chimaras Moyssidis
    Real Estate License ID: SL3416127
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!