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    21020 State Road 7 Boca Raton, FL 33428

    For Sale
    $10,950,000

    Fully leased medical office building with development potential in Boca Raton.

    Property size:
    31,138 SF
    Lot size:
    5.29 Acres

    Property Features for 21020 State Road 7

    General Information

    Size
    31,138 SF
    Lot size
    5.29 Acres

    Source: Colliers | Boca Raton Agent Mark M. Rubin

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

    Overview

    Boca Raton Medical Office Building

    The Boca West Medical Plaza is a 31,138 square foot medical office building situated on 5.29 acres of land. The property is located near the southeast corner of State Road 7 and Glades Road, less than a mile north of West Boca Medical Center. Its location provides a convenient environment for tenants and patients due to its proximity to retail, dining, and residential developments. The building is fully leased to GenesisCare and Skin and Cancer Associates. There are plans to construct an additional 9,080 square feet of medical office space on the eastern portion of the property, offering the potential to generate additional revenue and enhance the asset’s overall value.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Petco Vaccination Clinic, Boca Raton Animal Hospital - Vetco Total Care, PetSmart Veterinary Services - Boca Raton, Banfield Pet Hospital, Vet Wellcare Vaccinations Clinic at Pet Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1995
    Latitude
    26.363881

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    FAQs

    What type of property is this?
    Medical office - Fully leased medical office building with development potential in Boca Raton.
    Where is this medical office located?
    The property is located at 21020 State Road 7 Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $10,950,000.
    What are key features of this property?
    This property features: - Fully leased to two high-quality tenants, GenesisCare and Skin and Cancer Associates, ensuring a steady and reliable income stream.; - Development potential with plans in place to construct an additional 9,080 square feet of medical office space.; - Located less than a mile north of West Boca Medical Center.
    (561) 302-2511
    Request Owner's contact information
    21020 State Road 7 Boca Raton, FL 33428
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    Boca Raton, FL 33428
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    Realmo Value Estimation

    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.

    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.

    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
    21020 State Road 7 Boca Raton, FL 33428
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