Double Office
For Sale
$995,000
11211 Prosperity Farms Road, Palm Beach Gardens, FL
SINGLE_FAMILY - Palm Beach Gardens, FL
Property Size2,034 SF
Price / SF$489.18
Days on Market97
Property Features for 11211 Prosperity Farms Road
General Information
Property type
Residential
Property subtype
Office
Zoning
PO (city)
Parking
100
Directions
1/4 mile south of PGA Boulevard on the west side of Prosperity Farms Road. As you enter the office park, Building B is located immediately to your right in the front. There is an elevator located at the back of building B and stairs around the building
Subdivision
5260
Standard status
Active
APN
52434205140002030
Size
2,034 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
OAK PARK OFFICE COND UNITS 203 & 204
Tax Annual Amount
9390
Legal Description
OAK PARK OFFICE COND UNITS 203 & 204
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
3
Flooring type
Vinyl, Wood
Building materials
Concrete Block - With Stucco
Roof type
Flat
Listing Agency:
Echo Fine Properties
(561) 500-3246
Listed By:
Howard Freedland · License #3482263
(561) 889-2735
Added: Apr 30
Changed: Aug 3
Last Checked: Aug 4 at 8:06AM
MLS# B26022263
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 double office suite is configured for professional and clinical-style operations, with five private offices, two storage rooms, and a reception area. The balance of the layout includes a larger, open space that was previously used as a PT gym area, offering flexibility for training, treatment, or other client-facing programming.
Located in Palm Beach Gardens, the property is available for immediate occupancy. The asset is zoned PO (city), supporting office-oriented use under local requirements.
For medical office tenants, therapy users, and other client-service professionals, the existing private-office layout can support multiple providers or departments while maintaining a defined reception entry point. The additional storage rooms help keep supplies organized, and the open central area can accommodate group sessions or fitness-style programming consistent with its prior use.
Located in Palm Beach Gardens, the property is available for immediate occupancy. The asset is zoned PO (city), supporting office-oriented use under local requirements.
For medical office tenants, therapy users, and other client-service professionals, the existing private-office layout can support multiple providers or departments while maintaining a defined reception entry point. The additional storage rooms help keep supplies organized, and the open central area can accommodate group sessions or fitness-style programming consistent with its prior use.
Key Highlights
- Double office suite in Palm Beach Gardens available for immediate occupancy
- Former physical therapist studio layout with five private offices
- Includes reception area plus large room spaced for a PT gym
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.8k | $45.60 |
| − Vacancy | −$20.9k | −$10.26 |
| EGI | $71.9k | $35.34 |
| − OpEx | −$18.0k | −$8.84 |
| NOI | $53.9k | $26.51 |
2,034 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$770.2K
$673.9K – $898.5K
NOI $53,911 @ 7.0% cap · market cap 5.42%
Second Best
Healthcare Medical
$382.9K
$335.0K – $446.7K
NOI $26,800 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,272 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
Explore this area
Business Placement
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 - Double suite offers five private offices, reception, storage, and an open training space for flexible medical or professional use.
Where is this office units located?
The property is located at 11211 Prosperity Farms Road Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Double office suite in Palm Beach Gardens available for immediate occupancy; Former physical therapist studio layout with five private offices; Includes reception area plus large room spaced for a PT gym
