Sign Up Successful!
You now have access to more from Realmo!
    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

    500 Gulfstream Blvd Delray Beach, FL 33483

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr

    Office space for lease in a centrally located professional building.

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Brian Batchelder
    Brian Batchelder
    Source: Corfac

    Listing Agency: Berger Commercial Realty Listing Agent: Brian Batchelder

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

    Learn more

    Property Insight Report

    Overview

    Delray Beach Office Space Available

    Office space is available for lease at 500 Gulfstream Blvd., Palm Beach, Florida 33483. Specifically, Suite 209 offers 1,134 RSF of office space. The Gulfstream Professional Building is a two-story structure with ample parking. It is located west of Federal Highway on Gulfstream Boulevard, providing convenient access to shopping, transportation, lodging, dining, beaches, and hospitals. The location is centrally situated near Downtown Delray Beach and Boynton Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A/Home Network Wiring ... Telecommunications Service Jessica Granata Physician Oceanblue Factory IVlinfusions Association Or Organization Bluedoor Building Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.064791
    Latitude
    26.491113

    Nearby Similar for Lease

    • $945,000
      1,140 SF

      Delray Beach Office Condo

      Office condo in downtown Delray Beach near Atlantic Avenue.
      96 NE 5Th Ave, Delray Beach, FL 33483
      View Details
    • $1,695,000
      1,620 SF

      Delray Beach Office/Professional Space

      Two-building office space in prime, walkable Delray Beach location.
      138 N Swinton Ave, Delray Beach, FL 33444
      View Details
    • $24 SF/Yr
      178,826 SF

      Delray Beach Medical/Office Sublease

      Sublease opportunity in a modern, fully built-out medical suite.
      5150 Linton Blvd, Delray Beach, FL 33484
      View Details
    • $5,850 /Mo
      1,220 SF

      Downtown Delray Beach Office Building

      Charming office building in the heart of Downtown Delray Beach.
      Delray Beach, FL 33444
      View Details
    • $3,500 /Mo
      3,780 SF

      Renovated Office Space on Military

      Delray Beach office space with high visibility and flexible layout.
      13455 S Military Trl, Delray Beach, FL 33484
      View Details
    • $5,999 /Mo
      10,526 SF

      Delray Beach Commercial Space Available

      Versatile commercial condo suitable for office, retail, or restaurant use.
      325 NE 2Nd Ave, Delray Beach, FL 33444
      View Details
    • $2,500,000
      8,640 SF

      Delray Beach Multifamily Investment

      Multifamily property near Sundy Village and Atlantic Avenue.
      525 S Swinton Ave, Delray Beach, FL 33444
      View Details
    • $25 SF/Yr
      7,460 SF

      Delray Beach Office Space Available

      Customizable medical and professional office space for rent in Delray.
      5317 W Atlantic Ave, Delray Beach, FL 33484
      View Details
    • $2,500 /Mo
      13,068 SF

      Commercial Suite in Delray Beach

      Commercial suite for lease in Delray Beach, Florida.
      20 NW 6Th Ave, Delray Beach, FL 33444
      View Details
    • $13,240 /Mo
      26,785 SF

      Delray Beach Commercial Space Available

      4,540 SF retail, office, or medical space for lease.
      3415 S Federal Hwy, Delray Beach, FL 33483
      View Details
    • New
      $19 SF/Yr
      3,100 SF

      Delray Beach Industrial Space

      3,100 SF industrial space with mezzanine and high ceilings.
      601 N Congress Ave, Delray Beach, FL 33445
      View Details
    • $15,000,000
      9,743 SF

      Atlantic Avenue Mixed-Use Building

      Versatile space for restaurant, bar, retail, or office operations.
      217 E Atlantic Ave, Delray Beach, FL 33444
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease in a centrally located professional building.
    Where is this office space located?
    The property is located at 500 Gulfstream Blvd Delray Beach, FL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Centrally located near Downtown Delray Beach and Boynton Beach, offering convenient access to various amenities.; - All-Inclusive CAM: $8.50 PSF CAM includes janitorial service, simplifying budgeting.; - Ample Parking: Abundant parking available for tenants and visitors.
    (954) 326-6908
    Request Owner's contact information
    500 Gulfstream Blvd Delray Beach, FL 33483
    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.
    500 Gulfstream Blvd
    Delray Beach, FL 33483
    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
    500 Gulfstream Blvd Delray Beach, FL 33483
    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

    We can help!
    Listing Contact
    Brian Batchelder
    Brian Batchelder
    (954) 326-6908
    Learn more
    Google sign-in failed. Please try again or use another login method.