Turn-Key Medical Office
For Sale
$725,000
1102 W Indiantown Rd, Jupiter, FL 33458
Turn-key office/medical condo with reception area, four private offices, ample storage, and abundant natural light.
Property Size1 SF
Price / SF$604.17
Days on Market75
Property Features for 1102 W Indiantown Rd
General Information
Standard status
Active
Size
1 SF
Class
A
Property subtype
Office
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
1 SF
Year Built
2002
Listing Agency:
SLC Commercial Realty & Development
Listed By:
Tyler Raynes · License #BK3419374
(772) 418-1946
Source:
Slccommercial
Added: Jun 22
Changed: Aug 26
Last Checked: Sep 4 at 3:21AM
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 SLC Commercial Realty & Development
Investment Insights
Based on property information with market context.
A professional, higher-end office/medical condo offering approximately 1,200± SF of turn-key space. The suite includes a welcoming reception/waiting area, four private offices, ample storage, and abundant natural light throughout, creating a finished layout for immediate occupancy.
Located just off Indiantown Road behind Water's Edge and Dermatology, the office suite sits in the heart of Jupiter with convenient access to I-95 and Florida's Turnpike, as well as nearby dining, retail, and service amenities. The surrounding area is characterized by established medical and professional users.
This configuration supports an efficient, office-focused workflow with dedicated private rooms for patient or client discussions and a central reception area to receive visitors.
Located just off Indiantown Road behind Water's Edge and Dermatology, the office suite sits in the heart of Jupiter with convenient access to I-95 and Florida's Turnpike, as well as nearby dining, retail, and service amenities. The surrounding area is characterized by established medical and professional users.
This configuration supports an efficient, office-focused workflow with dedicated private rooms for patient or client discussions and a central reception area to receive visitors.
Key Highlights
- Year built 2002 office/medical condo with approximately 1,200± SF of turn‑key space
- Suite includes a reception/waiting area plus four private offices
- Ample storage throughout the suite
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
$31,806
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
4.39%
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%
$636,120
$636.1K
Cap Rate 7%
$454,371
$454.4K
Cap Rate 9%
$353,400
$353.4K
Market Conditions
NOI Build-Up for 1,200 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
$54.7K $45.60/SF
− Vacancy
−$12.3K −$10.26/SF
EGI
$42.4K $35.34/SF
− OpEx
−$10.6K −$8.84/SF
NOI
$31.8K $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%
$636,120
Cap Rate 7%
$454,371
Cap Rate 9%
$353,400
Alternative Uses
Best Use
Office B
$454.4K
$397.6K – $530.1K
NOI $31,806 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$225.9K
$197.6K – $263.5K
NOI $15,811 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$845.1K
$739.5K – $986.0K
NOI $59,158 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 33458, FL
55,083
Population
23,121
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
20.4 sq mi
ZIP Area
2,700
Density / Sq Mi
$107,626
Median Household Income
$48,448
Median Earnings
$2,090
Median Rent
$550,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turn-key office/medical condo with reception area, four private offices, ample storage, and abundant natural light.
Where is this office units located?
The property is located at 1102 W Indiantown Rd Jupiter, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Year built 2002 office/medical condo with approximately 1,200± SF of turn‑key space; Suite includes a reception/waiting area plus four private offices; Ample storage throughout the suite
