Delray Beach Office/Medical
5353 Atlantic Ave 405 Delray Beach, FL 33484
For Sale
$450,000
Pending
Office/Medical condo for sale in Delray Beach, Florida.
Property Size1,125 SF
Lot Size1.00 Acre
Days on Market142
Property Features for 5353 Atlantic Ave 405
General Information
Standard status
Pending
Size
1,125 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Realty
(786) 223-1810
Listed By:
Susan Denning
(786) 223-1810
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 29 at 12:07PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1125 square foot condo in Delray Beach, Florida, is suitable for medical or professional use. Located on Atlantic Avenue, this end unit benefits from condo fees that cover water, trash, and exterior maintenance.
Key Highlights
- Delray Beach on Atlantic location
- Suitable for medical/professional use
- 1125 sf office/medical condo
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 | $51.3k | $45.60 |
| − Vacancy | −$11.5k | −$10.26 |
| EGI | $39.8k | $35.34 |
| − OpEx | −$9.9k | −$8.84 |
| NOI | $29.8k | $26.51 |
1,125 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.0K
$372.7K – $497.0K
NOI $29,818 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$211.8K
$185.3K – $247.1K
NOI $14,823 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$792.3K
$693.3K – $924.3K
NOI $55,460 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Dr. Angel's Compassionate Care Centers — 14888 S Military Trl, Delray Beach, FL 33484
- GoodVets Delray — 5066 W Atlantic Ave, Delray Beach, FL 33484
- West Ave Animal Hospital — 4997 W Atlantic Ave d, Delray Beach, FL 33445
- Boca-Delray Animal Hospital — 14888 S Military Trl, Delray Beach, FL 33484
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/Medical condo for sale in Delray Beach, Florida.
Where is this medical office space located?
The property is located at 5353 Atlantic Ave 405 Delray Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Delray Beach on Atlantic location; Suitable for medical/professional use; **1125 sf office/medical condo**
