Medical Office Condo Investment

1000 NW 9th Ct, Boca Raton, FL

View on Map

For Sale

Contact for pricing

Fully leased medical office condo near Baptist Boca Raton Hospital.

Type:OFFICE

Property size:

3,792 SF

Lot size:

1.00 Acre

Price / SF:

$526/SF

HighLights

Fully‑leased medical office condo through March 2028, providing immediate income.
Seller willing to subsidize lease to assure desired return on investment.
Prime location: two blocks from Baptist Boca Raton Regional Hospital.
Upscale finishes and floor‑to‑ceiling glass create a professional and attractive environment.
Plumbing in place for future medical use, offering flexibility.
Ample parking with valet service for convenience.

We can help!

Listing Contact

Ken Silberling

Learn more

For Sale

Contact for pricing

Fully leased medical office condo near Baptist Boca Raton Hospital.

Type:OFFICE

Property size:

3,792 SF

Lot size:

1.00 Acre

Price / SF:

$526/SF

Added:: Nov 27, 2023
Days on Market:: 937
Last Refresh:: May 20 at 8:08 pm

Property Features for 1000 NW 9th Ct

General Information

Standard status: Active
Size: 3,792 SF
Lot size: 1.00 Acre
Property subtype: OFFICE

We can help!

Listing Contact

Ken Silberling

Listing agent Josh Levy License #SL3368111

Listing office Levy Realty Advisors LLC

Listing date Nov 27, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Levy Realty Advisors LLC

HighLights

Fully‑leased medical office condo through March 2028, providing immediate income.
Seller willing to subsidize lease to assure desired return on investment.
Prime location: two blocks from Baptist Boca Raton Regional Hospital.
Upscale finishes and floor‑to‑ceiling glass create a professional and attractive environment.
Plumbing in place for future medical use, offering flexibility.
Ample parking with valet service for convenience.

Overview

This is an investment opportunity to acquire a 3,792 square foot fully-leased medical office condo featuring upscale finishes. The property is located two blocks from Baptist Boca Raton Regional Hospital. The two-story building has a total area of 30,000 square feet and includes a beautifully landscaped fountain courtyard and floor-to-ceiling glass. The medical office space has been converted for administrative use by a home health firm, but plumbing remains in place for future medical use. The property is leased through March 2028. The seller is willing to subsidize the lease to assure the desired return. The tenant intends to remain, but a lease buyout is possible. The property features ample parking with valet available. Three new HVAC units were installed in 2023.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$172.9k	$45.60
− Vacancy	−$38.9k	−$10.26
EGI	$134.0k	$35.34
− OpEx	−$33.5k	−$8.84
NOI	$100.5k	$26.51

3,792 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,507 @ 7.0% cap · market cap 5.04%

Second Best

Healthcare Medical

$713.8K

$624.5K – $832.7K (±1% cap)

NOI $49,963 @ 7.0% cap · market cap 2.50%

Theoretical Best

Office A

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $186,938 @ 7.0% cap · market cap 9.37%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Dr. Stephen J. ... Physician Diamond Personalized Healthcare Weight Loss Service Privately Yours Home Health Care Service Frederick R. Silfen, ... Physician Bartzokis Thomas MD Physician

Suggested Use

Similar Places Nearby

Palmetto Veterinary Clinic — 1289 W Palmetto Park Rd, Boca Raton, FL 33486
Compassionate Care Animal Clinic — 1289 W Palmetto Park Rd, Boca Raton, FL 33486

Location Insight

Map
Local Demand

City: Boca Raton
County: Palm Beach
State: Florida
Longitude: -80.105
Latitude: 26.3602

Nearby Similar for Sale

$10,999,999

5,945 SF

Turnkey Restaurant in Boca Raton

Fully equipped restaurant in prime Boca Raton location for sale.

1450 N Federal Highway, Boca Raton, FL 33432

View Details
$825,000

1,972 SF

Boca Raton Office with Security

Secure 1,972 sqft office space in the heart of Boca Raton.

2799 NW 2nd Avenue, Boca Raton, FL

View Details
$1,175,000

2,554 SF

Boca Raton Medical Office Space

2,554 SF medical office space in Boca Raton, Florida.

2900 N Military Trail, Boca Raton, FL 33431

View Details
$6,500,000

Retail Asset in Boca Raton

Fully stabilized retail asset with immediate cash flow.

23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428

View Details
$349,000

987 SF

Sanctuary Centre Professional Space

987 SF office/restaurant space in East Boca Raton.

4800 N Federal Highway, Boca Raton, FL 33431

View Details
$379,000

Boca Raton Restaurant Business

Restaurant business for sale in the heart of Boca Raton.

21316 Saint Andrews Blvd ( Restaurant for sale ), Boca Raton, FL 33432

View Details
$795,000

1,484 SF

Boca Raton Income-Producing Duplex

Income-producing duplex near downtown Boca, beaches, and parks.

314 SW 1st Street, Boca Raton, FL 33432

View Details
$999,500

2,365 SF

Renovated Duplex in Prime Location

Fully renovated duplex in East Boca Raton, near the beach.

3372 NE 5th Drive, Boca Raton, FL 33431

View Details
$149,900

Corner Ice Cream Café with Seating

Turn-key ice cream café with outdoor seating and bright interior in a corner storefront near the beach.

899 E PALMETTO PARK RD, Boca Raton, FL 33432

View Details
$1,750,000

3,828 SF

East Boca Raton Duplex

Duplex in prime location, ideal for investors or multi-generational living.

683 Dover Street, Boca Raton, FL 33487

View Details
$1,175,000

2,616 SF

Medical Office Suite with Treatment Rooms

Medical office space with seven treatment rooms and four bathrooms, suited for shared or flexible clinical operations.

201-1500 Nw 10th Ave, Boca Raton, FL

View Details
$380,000

Boca Raton Salon Business Opportunity

Established hair and nail salon in high-traffic Boca Raton plaza.

1347-1349 W Palmetto Park Rd, Boca Raton, FL 33486

View Details

What type of property is this?

Medical Office Space - Fully leased medical office condo near Baptist Boca Raton Hospital.

Where is this medical office space located?

The property is located at 1000 NW 9th Ct Boca Raton, FL.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Fully‑leased medical office condo through March 2028, providing immediate income.; Seller willing to subsidize lease to assure desired return on investment.; Prime location: two blocks from Baptist Boca Raton Regional Hospital.